9316 East Balsam Avenue | 9316 East Balsam Avenue, Mesa, AZ 85208 | 24 Units | $2,280,000 | $95,000 Per Unit | $168.89 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (July 25, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,280,000 / $95,000 Per Unit / $168.89 Per SF sale of 9316 East Balsam Avenue, a 24-unit multifamily apartment community located in Mesa, Arizona. ABI Multifamily's Colin Kreager represented the Buyer. ABI Multifamily's Carson Griesemer, Dallin Hammond, and Mitchell Drake represented the Seller in this transaction.
The Buyer and Seller are based in Arizona.
9316 East Balsam Avenue is a bulk multifamily offering consisting of 24 of 42-units located in East Mesa. The property was built in 1957 and constructed of wood frame / stucco with pitched roofs. Each unit is individually parceled. The unit mix consists of 14 1-bedroom / 1-bathroom units and 10 2-bedroom / 1-bathroom units ranging between 430 - 650 square feet.
The property is in the East Mesa submarket of the Phoenix MSA with direct access to all areas of the valley by way of Loop 202 Freeway (Red Mountain Freeway) and US Highway 60 (Superstition Freeway). Immediate neighborhood conveniences and services include Fry’s Food and Drug, CVS Pharmacy, Walgreens Pharmacy, Costco Wholesale, and Target. Local area amenities and services include the Banner Baywood Medical Center, Mountain Vista Medical Center, and Arizona Golf Resort & Event Center. Furthermore, the property lies just 10 minutes away from the Superstition Springs Center, a 912,000 square foot shopping mall featuring more than 150 stores, restaurants, and services anchored by key tenants such as JCPenney, Dillard’s, Macy’s, and the Cheesecake Factory.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, 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.