Posh Scottsdale apartment complex where rents reach $4,000 sells for record $210M


A luxury Scottsdale apartment complex near the Waterfront has sold for a record $210.4 million.
Optima Sonoran Village, on Camelback Road and 68th Street across from Scottsdale Fashion Square, was purchased by Des Moines-based Principal Real Estate on Tuesday, according to public real estate records.
Rents run as high as $4,000 a month for the 592 apartments built in 2013.
Amenities at Optima Sonoran inlcude a 19,000-square-foot residents club, sport facility with an indoor basketball court, pet park, putting green and car-wash station.
Optima, the developer behind several upscale Valley... read more

 
1 February 2018 in Business, Views: 31
Source: AZCentral
 


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