CBRE Negotiates Sale of $17 Million Glendale Apartment Community

30 Jan 2018

Paradise Vista

CBRE has completed the $17 million sale of Paradise Vista, a 352-unit, garden-style apartment community in Glendale at 7102 N. 43rd  Avenue.

Brian Smuckler and Jeff Seaman represented the buyer, local investor Solano Vista, LLC, and the seller, Paradise Vista LLC, in the transaction.

Constructed in 1974, Paradise Vista features studio and one-bedroom floor plans and value-add potential. The buyer has plans to reposition the property, which has various community amenities, such as a remodeled club house with a fitness center, a sport court, a playground, four swimming pools, a spa and multiple laundry facilities on-site.

Paradise Vista is located on 43rd  Avenue just north of Glendale Avenue, both major arterial streets that run through Glendale and Phoenix. Major employers in the area include Banner Thunderbird Medical Center, Blue Cross Blue Shield, Cigna Health Care and Arizona Public Services. The property is nearby to the U.S. 60 and I-17 and several bus stops.

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.