May 15, 2012—C&W | PICOR Brokers Sale of 88 Tucson Apartment Units

THE COSTAR GROUP
By: Karen Schutte
May 15, 2012

Tucson Apartment Sale GouldGould Family Properties VIII LLC, a Florida-based investment company led by Wayne Gould, purchased the Stone Leaf Villas and Oasis in the Catalinas for an aggregate total of $3.4 million.

Stone Leaf consists of 60 units and sold for $1.79 million, or about $30,000 per unit. The Oasis in the Catalinas totals 28 units and sold for $1.575 million, or about $56,000 per unit. The two transactions closed on the same day.

Stone Leaf is located at 334 W. Valencia Rd. in Tucson, AZ. Eight buildings that total 51,280 square feet house 16 two-bedroom and 44 three-bedroom apartments. Oasis is located at 5801-5803 N. Camino Esplendora in Tucson. The 19,952-square-foot community is comprised of three buildings totaling 24 one-bedroom and four two-bedroom units.

Bob Kaplan and Allan Mendelsberg of PICOR Commercial Real Estate Services, a Cushman & Wakefield affiliate company, handled both the sales for the buyer, and each of the sellers.