Press Release

CBRE Completes $7.25 Million Sale of Mesa Apartment Community

18 6月 2018

Indigo Lofts

CBRE completed the sale of Indigo Lofts, a 65-unit multifamily community located in Mesa at 715-737 E. Brown Rd. The property commanded a sale price of $7.25 million. 

Brian Smuckler, Jeff Seaman and Derek Smigiel with CBRE Phoenix Multifamily Investment Properties represented the Buyer Indigo Loft Apt, LLC, of Pleasanton, California and the seller Alden E. and Carol M. Seifried Living Trust in the transaction. Alex Walton with CBRE Capital Markets Debt & Structured Finance arranged the financing on behalf of Indigo Loft Apt, LLC.

“Indigo Lofts is located in a highly desirable Mesa submarket that is benefiting from the Metro Light Rail expansion,” said CBRE’s Smuckler.

The property is comprised of all two-bedroom, townhome-style floor plans averaging 964 square feet. A majority of the units have been renovated to include stainless steel appliances, new cabinetry, faux wood/ceramic tile flooring and modern bathroom fixtures. The community includes two swimming pools, an outdoor kitchen area with barbecue, on-site laundry facility and covered parking. The property is also individually metered for electricity.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.