IMT Capital has recently acquired Marquis at Desert Ridge, a community located in the desirable Desert Ridge neighborhood of north Phoenix. The property, now known as IMT Desert Ridge, is situated on approximately 13 acres at 21155 N. 56th Street and consists of four stories with a total of 370 units. Currently, the community is operating at an impressive occupancy rate of 92%.
According to Commercial Edge data, IMT Desert Ridge was last sold in 2015 to CWS Capital Partners for $77.5 million with financing provided by Berkadia.
Originally built in 2014, this modern community offers residents access to a variety of amenities including a clubhouse with pool and fitness center, entertaining kitchen and billiard room as well as business center facilities. Additionally,the property boasts ample parking space for its residents with over six hundred spots available.
The seller was represented by CBRE’s Asher Gunter,Matt Pesch , Sean Cunningham,and Austin Groen during the transaction process.
This recent acquisition adds another impressive property to IMT Capital’s portfolio and further solidifies their presence within the Phoenix market.
