Valencia Townhomes Sells for $6.59 Million

CBRE has completed the sale of a rental property in North Central Phoenix. The Valencia Townhome community, located at 550 West Maryland Avenue, commanded a sale price of $6.59 million. CBRE Multifamily Investment Properties’ Brian Smucker and Jeff Seaman negotiated the transaction. The buyer was Valencia Townhomes, LLC of Scottsdale, Arizona. The seller was American…