Recently, Cushman & Wakefield | PICOR facilitated the sale of Sunnyslope Apartments in Oro Valley. The transaction was managed by our Multifamily team, Allan Mendelsberg and Joey Martinez, Principals. Sunnyslope Apartments sold for $5.6 million, or $133,333 per unit. The property features 42 units, including 41 one-bedroom/one-bathroom apartments and one studio unit.
Sunnyslope Apartments is set against a stunning desert backdrop, offering residents mountain views. The complex has recently undergone significant renovations, with a mix of renovated and non-renovated units. The renovated apartments feature modern kitchens with contemporary finishes, including quartz countertops and stainless-steel appliances. Additionally, select units have been upgraded to include in-unit washers and dryers.
The property also includes communal amenities such as a swimming pool, picnic area with barbecues, and well-maintained walkways throughout the grounds. The overall environment is designed to enhance resident comfort and convenience.
As Oro Valley’s multifamily pipeline continues to shrink, existing properties like Sunnyslope Apartments are becoming increasingly valuable in the market. This sale reflects the strength of Oro Valley’s multifamily market, which is characterized by high demand and limited inventory. The current commercial real estate landscape in Oro Valley showcases a competitive environment where properties are highly sought after due to the area’s appealing lifestyle amenities and scenic surroundings.
