350-001 70-411 MB2-700 400-101 MB2-702 70-410 MB2-703 200-120 70-461 C_TADM51_731 70-462 EX300 VCP-550 70-480 C_TAW12_731 70-484 70-498 70-646 98-361 98-366 A30-327 C_BOE_30 C_TSCM42_66 C2010-597 C2020-632 C2020-701 C2020-703 C2040-408 C2040-988 C2070-581 C2150-195 C2160-667 C2180-274 C4040-226 C4090-453 CAS-001 CSSLP C-TERP10-60 E20-018 E20-918 JN0-360 MSC-321 P2080-088 PC0-001 PEGACSA-v6.2 3I0-012 500-051 640-875 640-916 642-427 642-647 642-691 650-663 700-037 70-247

Lindsay Villas Apartment Sells for $2.8 Million in Mesa

Phoenix, Arizona – March 29, 2017 – SVN Desert Commercial Advisors spent the final hours in their previous office space deal-making.  Like any monumental finale and hours before the office doors closed for the last time, it ended with a bang.  After closing approximately $500 million in sale and lease transactions while occupying that suite over the years, the sale of Lindsay Villas Apartments in Tempe sold for $2.8 million in its final hour.  SVN Advisor, Danny Lee made a great ending statement for SVN on February 28th, 2017; the same day it closed.

Lindsay Villas Apartments is located at 2850 E. Baseline Road which is just south of the US-60 off Baseline Rd.  The 32-unit apartment complex is in close proximity to West Lakes Estates and Val Vista Lakes, an upscale residential neighborhood in Mesa.  The complex is also surrounded by several other multifamily properties in the area.  The property itself was listed, marketed, and sold in 30 days.

Danny Lee represented the buyer and seller in the sale transaction.  “This is a pride of ownership and turnkey property,” said Danny Lee.  Lee expressed the buyer wants to diversify his investment from Stocks to commercial real estate investment properties.Moving forward, the seller will be working to find another property in a 1031 exchange.

SVN | Desert Commercial Advisors is a full-service commercial real estate services firm providing comprehensive expertise in investment brokerage, leasing, landlord/tenant representation, analysis/valuation and market research. We specialize in multifamily, retail, office, medical/dental, and restaurant property types. Visit our website at www.SVNDesertCommercial.com for more information.


Media Contact: Melissa Swader

Melissa Swader

Your Turn To Talk

Your email address will not be published.