PHOENIX, ARIZ. – CBRE has negotiated the sale of Verde Apartments, a 204-unit Class A multifamily community with substantial value-add upside in the highly coveted North Scottsdale submarket. Situated at 17950 N. 68th Street, the property sold for $39.5 million.
Built in 2009, Verde offers one-, two- and three-bedroom floor plans with ten-foot ceilings on the first floor and nine-foot ceilings on the second and third floors, granite countertops, walk-in closets, full-sized washer/dryers and private balconies/patios. Common area amenities include a swimming pool and spa, stainless steel poolside barbecue and dining area, a fully-equipped fitness center and a dog park.
The property benefits from proximity to Scottsdale’s world class dining, shopping, resorts and golf courses. Additionally, the community is adjacent to the Scottsdale Airpark and Desert Ridge/Mayo Clinic employment corridors.