NorthMarq Capital Negotiates $3.2 Million Acquisition of Calle Central Apartments in Phoenix, Ariz.

Calle Central Apts

John M. Stewart, senior vice president and Dan Zale, investment analyst of NorthMarq Capital’s Denver based regional office secured the $3.2 million acquisition of Calle Central Apartments, a 128-unit multifamily property located at 8818 South Central Avenue, Phoenix, Ariz. The transaction was structured with a 3-year term and 20 year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a regional bank.

The two-three story buildings that make-up the property contain such amenities as: two outdoor swimming pools, laundry facilities and a playground. The new owners will be significantly renovating the property in two phases. 

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