Cushman & Wakefield of Arizona, Inc. negotiated the $10.85 million sale of City 15, a multi-family property located at 4728 N. 15th St.
![City 15](https://northcentralnews.net/wp-content/uploads/2014/08/city15-460x226.jpg)
City 15
City 15 was built in 1969 and contains 26 buildings with 161 units. The property was 96 percent occupied at the time of the sale.
Mica Creek-Sagamore Capital Partners of Phoenix sold the property to Retirement Concepts of Vancouver, B.C., Canada. The sale price brought $67,391 per unit, which equates to $102 per square foot.
“The property attracted a lot of attention given its location,” said Brett Polachek of Cushman & Wakefield. “City 15 has undergone interior and exterior renovations and has captured the demand for urban living.”
Polachek and Jim Crews of Cushman & Wakefield represented the seller in the transaction.