Marcus & Millichap Real Estate Investment Services has announced the sale of Toscana Apartments, a 24- unit apartment community located in Central Phoenix, Arizona. The asset commanded a sales price of $1,750,000 or $72,917 per unit.Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing assignment to market the property and negotiated the transaction on behalf of the seller, an investment partnership from Berkeley, California and the buyer, a local private 1031 exchange investor.“Toscana Apartments is a boutique apartment community nestled between the prestigious Biltmore neighborhood and the Central Avenue Corridor in Phoenix. Toscana is one of the most unique properties in Central Phoenix in that no two floor plans are alike; there are numerous poolside units along with apartment units that are located in a huge, picturesque garden area not typical for a Phoenix setting. Select floor plans contain fireplaces, skylights and backyards.” says Tranetzki.Built in phases beginning in 1949, Toscana Apartments consists of block construction, pitched roofs and covered parking for each unit. Situated at Bethany Home Road and 10th Street, the subject property is located in one of central Phoenix’s highest demand residential areas.“Approximately one mile to the south of Toscana Apartments is the Camelback Corridor, one of the region’s premier urban centers with over 9 million square-feet of multi-tenant office space and approximately 951,000 square feet of shops and restaurants in two landmark shopping centers, The Shops at Town & Country and Camelback Colonnade. Biltmore Fashion Park is located approximately one mile from the subject property at the northeast corner of 24th Street and Camelback.” adds Butler.
The Kenai Peninsula’s rate of daily tests with positive results has near 0.9% on both Saturday and Sunday’s reports. The last time the rate of tests was so low was on May 25 when the rate was 0.9%. As recently as two weeks ago, the rate of positive tests was just under 3.0% during the weekend of August 15 and 16. The majority of the state’s new cases came from Anchorage where 66 residents were positive. Two of the new cases were Kenai residents, one of the cases was a resident of Soldotna, and one was a Homer resident. There are currently 3,150 active cases of COVID-19 among Alaska residents. 208 of those cases are residents of the Kenai Peninsula, a reduction of 35 active cases from two weeks ago. Among the current active cases, 60 are in Soldotna, 53 in Kenai, 31 in Homer, 28 in Seward, and 16 in Sterling. FacebookTwitterEmailPrintFriendly分享The Department of Health and Social Services announced 145 new cases of COVID-19 in Alaska over the weekend, combined across Saturday and Sunday’s reports. While a low rate of positive tests is good news, it also reflects a down-trend in the numbers of tests having been conducted. With the Kenai Peninsula only reporting 39 PCR and antigen tests over the weekend, that marks the smallest two-day total of tests since June 6 and 7.