IPA sells Sonoma Sol for $32.25M

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Sonoma Sol, which will be renamed “Cordova Apartments,” a 320-unit multifamily property in Phoenix’s West Valley. The asset sold for $32.25 million, or $100,781 per unit. “The property benefits from its location near the Southwest Valley Industrial Corridor […]

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