Friday, July 29, 2022

Sandy Utah's Record Apartment Sale Price

 

An accomplished real estate development advisory, Joyce Storm spearheads national operations as president of Storm Partners. In this role, Ms. Storm led the divestiture of the Magna Investments’ apartment community, Icon 9700 consisting of 264 rental units located in Salt Lake City suburb of Sandy, Utah. As of 2021, the complex achieved the highest sales price per unit for multi family development ever achieved in suburban Salt Lake. Starwood Capital acquired the community for their multi family investment portfolio. The apartment community is conveniently near retail areas and three different ski resorts. The ample amenities at Icon 9700 include off-street parking and available carports and detached garages. Its common areas include a fully wired clubhouse with a fireplace and an infinity-edge swimming pool with a resort-style deck that incorporates a hot tub. The complex also has an outdoor kitchen and lounge with comfortable seating and a fire pit. Athletic tenants can take classes or work out independently at Icon 9700 comprehensive fitness center or play on its pickleball and futsal courts. Other key amenities in the apartment community include a playground and a dog wash station.