HSL Purchases 180-Unit Tucson Rental Community
HSL Properties paid $31.85 million for the Luma Apartments, a 180-unit project at 2600 W. Ina in Tucson, according to Real Estate Daily News. The sale comes out to just over $175,000 per unit. The seller was Village at The Foothills Owner LLC, of Beverly Hills, California, which can be traced to MC Residential in Scottsdale.
Clint Wadlund and Hamid Panahi with Institutional Property Advisors (IPA) brokered the deal.
Built in 1985, Luma Apartments comprises 21 two-story buildings on 16.33 acres. The community offers one- and two-bedroom apartments ranging from 757 to 1,158 square feet. Floor plans include one-bedroom, one-bath units; two-bedroom, one-bath units; and two-bedroom, two-bath units in two sizes.
Amenities include two pools, a spa, pickleball, basketball and tennis courts, putting greens, picnic areas and a dog park. Residents also have access to a clubhouse, business center, lounge, and a fitness center.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout