PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of the 150 unit, Class A Legacy at Prescott Lakes Apartments. Built in 1999, the property is located in the Prescott Lakes Master Planned Community at 1998 Prescott Lakes Parkway in Prescott, AZ. Clear Sky EBH, LLC (dba Clear Sky Capital Inc., Marcus Kurschat) purchased the property for $15,500,000 ($103,333.00 per unit) from Prescott Lakes I, LLC (The Bassham Trust).
Cassidy Turley Executive Managing Directors David Fogler and Steven Nicoluzakis negotiated the transaction on behalf of the buyer.
“The buyer was attracted to the property because of the quality of the asset and its position as the premier apartment community in Prescott,” said Mr. Fogler. Clear Sky’s plans are for a long term hold of the property.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $25.8 billion in 2013, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 24,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information.