PHOENIX – January 30, 2018 – CBRE has completed the $17 million sale of Paradise Vista, a 352-unit, garden-style apartment community in Glendale at 7102 N. 43rd Avenue.
Brian Smuckler and Jeff Seaman represented the buyer, local investor Solano Vista, LLC, and the seller, Paradise Vista LLC, in the transaction.
Constructed in 1974, Paradise Vista features studio and one-bedroom floor plans and value-add potential. The buyer has plans to reposition the property, which has various community amenities, such as a remodeled club house with a fitness center, a sport court, a playground, four swimming pools, a spa and multiple laundry facilities on-site.
Paradise Vista is located on 43rd Avenue just north of Glendale Avenue, both major arterial streets that run through Glendale and Phoenix. Major employers in the area include Banner Thunderbird Medical Center, Blue Cross Blue Shield, Cigna Health Care and Arizona Public Services. The property is nearby to the U.S. 60 and I-17 and several bus stops.