CBRE has completed the sale of the Tamarron, a 328-unit multifamily community located at 4410 N. 99th Avenue in Phoenix, Arizona.
Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller. Joseph Dietz with Orion Investment Real Estate represented the buyer.
“Tamarron is ideally located in greater metropolitan Phoenix’s western path of growth,” said CBRE’s Cunningham. “With accelerating demand for multifamily housing driven by submarket employment announcements and a limited surrounding pipeline of new construction, the community is well-positioned to experience strong future rent growth.”
“The buyer, Ehyan Caldwell, researched the Phoenix marketplace, and he feels confident that Tamarron’s location, condition and amenities are well-suited for a long term hold position,” offered Orion’s Joseph Dietz. “Both buyer and the buyer’s broker had a great transaction experience working with the seller and CBRE.”
Tamarron features a desirable low-density setting with lush landscaping and attractive community amenities including a lagoon style pool with an entertainment veranda, whirlpool spa and dry sauna, state-of-the-art fitness center, basketball courts, and gated access. Spacious one, two, and three-bedroom floorplans feature nine-foot ceilings with decorative crown molding, well-appointed kitchens, full-size washer/dryers, spacious walk-in closets, marble countertops in baths, USB outlets, and private patios and balconies.