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Villa Delano Apartments, a 32-unit complex at , has been bought by private ÃÛèÖÖ±²¥ investors for $1.85 million.

The garden-style apartments were built in 1980 near Fort Lowell Road and Stone Avenue.

“The buyer was in search of a stable asset with upside potential,� said Lance Parsons, senior vice president with ABI Multifamily who represented the seller along with his team, Jonathan Ibrahim and Ryan Kippes.

“The entire downtown/university submarket has witnessed sustained private and public investment over the last several years,� Parsons said. “The buyer hopes to capitalize on this growing trend.�

The construction pipeline for new apartments is below average this year, with only four complexes under construction with a total of 402 units and four planned properties with a total of 756 units, ABI data show.

Other transactions:

• ÃÛèÖÖ±²¥ Estimation and Procurement LLC bought a 4,250-square-foot industrial building at from Utility Underground LLC for $290,000. Brandon Rodgers, with Picor, represented the buyer. Alan Moore, with Chapman Lindsey Commercial Real Estate Services, represented the seller.
• Port Plastics Inc. leased 12,066 square feet at from 3000 East Valencia LLC. Rob Glaser, with Picor, and Crystal Jutte, with Mohr Partners, represented the tenant. Robert DeLaney, with CBRE, represented the landlord.
• Bank of the West leased 5,694 square feet of headquarters space at from OPIA LLC. Aaron LaPrise, with Picor, represented the tenant.
• ÃÛèÖÖ±²¥ Kidney Disease & Hypertension LLC leased 3,050 square feet at from DAZ5-Grant Road LLC. Rick Kleiner, with Picor, represented the landlord, and Fletcher Perry, with Kidder Mathews LLC, represented the tenant.
• AZ Parking Lot Maintenance LLC leased 1,500 square feet at from Camino Martin Partners II LLC. Picor’s Max Fisher represented the tenant, and Brandon Rodgers, also with Picor, represented the landlord.
• Top Deck Towers Cards & Games LLC leased 1,200 square feet at from Orange Grove Center LLC. The tenant plans to sell tabletop games and host tabletop gaming. Kevin Volk and Jeramy Price, of Volk Co., represented the landlord.
• AJ Squared LLC leased 1,136 square feet at from Shoppes at Continental Ranch LLC to open a Sylvan Learning Center. Kevin Volk, of Volk Co., represented the tenant, and the landlord was represented by Craig Finfrock, of Commercial Retail Advisors.
• Mibemara Enterprises LLC, doing business as Classy Sweets, leased 800 square feet at . Kevin Volk, of Volk Co., represented the landlord, Sabino-Verde LLC.