CBRE has negotiated the sale of Lyra Residences, an 18-unit luxury townhome rental community comprised of two-story smart homes. Long Beach Trading Company Inc. acquired the property from Lyra Residences 38th St, LP, for $8.11 million or $450,333 per unit and $253/sq. ft. The transaction represents the highest sale in terms of price per unit this year in metro Phoenix.
The community was built in 2020 and offers three-bedroom, two and one-half bath townhomes that average 1,778 square feet. All units have private backyards, two-car garages, large laundry rooms with full-size washers and dryers, high-speed internet, keyless door entry and doorbell camera, smart climate control, and more.