As we all navigate these unprecedented and challenging times, we want you to know that we are working hard to maintain effective business operations and open channels of communication with all of our clients. Fortunately, we utilize and rely on technology as the backbone of operations for ABI. Our digital systems and virtual communications capabilities have allowed us to seamlessly and efficiently transition to a mostly remote working model. We are operating with our full capabilities and continue to provide the responsive and timely feedback we are known for.
Our team remains fully committed to providing our expertise in brokerage and advisory services, and serving as a resource for all relevant data and information. We will continue to help multifamily stakeholders make sound decisions in real-time, maintain maximum performance of their investment assets, and synthesize immediate, short, and long-term goals throughout this highly unusual time.
Quite simply - WE ARE HERE FOR YOU - in the best of times and the worst of times. Our seasoned advisors have been through it all. In our business, rents and occupancy are the pillars to stability. We are tracking both and can help you stay ahead of the changes in your submarkets.
It is time to think and act fast so reach out to one of our brokers over the phone or email. At the very least, you will enjoy a good conversation during these socially distant moments. We are all in this together. Here’s to strong health and rapid resolutions to the variety of challenges we collectively face. More power to all of you!
- The Team at ABI Multifamily
Desert Willow Apartments | 2025 West Indian School Road, Phoenix, AZ 85015 | 280 Units | $20,700,000 | $73,929 Per Unit | $155.28 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ (May 22, 2020) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $20,700,000 / $73,929 per Unit / $155.28 per SF sale of the Desert Willow Apartments, a 280-unit property in Phoenix.
Built in 1973 and renovated in 2012, Desert Willow consists of a mix two-bedroom, one-bedroom, and studio unit types. Each unit contains fully equipped kitchens with new appliances, laminate countertops, dark wood cabinetry, and a walk-in closet. The apartment community is full of common area amenities such as two swimming pools, laundry facilities, fitness center, outdoor barbecue, picnic area, playground and a clubhouse.
Desert Willow lies along the major I-17 Employment corridor which is characterized by high-density housing and employment opportunities in addition to centralized location. The property is located minutes from Grand Canyon University, Uptown Plaza, Park Central Mall and the 7th Street Restaurant Row. The location also offers a short drive to Downtown Phoenix and easy access to the I-17.
John Kobierowski, Senior Managing Partner at ABI Multifamily, said “Desert Willow provided a tremendous opportunity for the buyer considering it being well located between the thriving uptown and west Phoenix markets, areas of existing high occupancy rates with strong projections of significant growth in rent and development.”
ABI Multifamily’s Jack Hannum represented the buyer.
The buyer is a Canada-based private investment firm. The seller is an Arizona-based private investor.
ABI Multifamily (http://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, Sacramento and San Diego, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.