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Garden
32 Units
2608-2618 East Roosevelt Street & 2623 East Portland Street
Phoenix, AZ  85008
Acacia Pointe sold on 10/15/13 for $8,528,000. Colony sold on 10/22/13 for $8,600,000.
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Greater Phoenix Multifamily Portfolio Opportunity
   
AZ

Cushman & Wakefield is pleased to introduce the opportunity to purchase La Reserve on Forty-Fifth - a 301-unit garden-style apartment community built in 1972 with the potential for improved operations and a remaining value-add component with operating expense efficiencies. The property sits on 16.57 acres in what is considered to be an evolving and regentrifying submarket of the Phoenix metro area for renters and commercial establishments alike.

La Reserve on Forty-Fifth offers a good unit mix of one-bedroom (11%), two-bedroom (43%) and three-bedroom (46%) units with an average unit size of 908 square feet. Contact us today to schedule your tour of La Reserve on Forty-Fifth.

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La Reserve on Forty-Fifth
301 Units
2627 N 45th Avenue
Phoenix, AZ  85035
Type: Conventional
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La Ville
19 Units
4231-4237 North 27th Street
Phoenix, AZ  85016

Cushman & Wakefield is pleased to present the opportunity to purchase Madera Court, an attractive, garden-style asset built in 1982 and comprised of 561 units located in the bustling Metrocenter area of Phoenix, Arizona. The area boasts nearly 14 million square feet of commercial space featuring a diverse mix of retail, high-tech, office, and educational employers. The impending redevelopment of nearby Metrocenter Mall and the recent opening of the METRO Light Rail Northwest Extension along 19th Avenue are both expected to have a significant postive impact on rent growth in the submarket.

Contact us today to schedule a tour of Madera Court.

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Madera Court
561 Units
8135 N. 35th Avenue
Phoenix, AZ  85051
Type: Conventional
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Marabrisa Condominiums
75 Units
234 North 75th Street
Mesa, AZ  85207
Type: Condo
Sold
Maryland Gardens
120 Units
4529 West Ocotillo Road
Glendale, AZ  85301
All offers are due by Thursday, April 4, 2013 at 12:00 PM (PDT). If you have not already done so, we would urge you to schedule a property tour. PICOR Commercial Real Estate Services and Cushman & Wakefield are pleased to present the opportunity to purchase Mayfair Manor Apartments (140 units) and Shadow Pines Apartments (100 units) both located in Tucson, Arizona. The properties may be purchased together or separately. MAYFAIR MANOR Price: $5,500,000 Price/Unit: $39,285 Price/SF: $51.29 Cap Rate: 7.0% SHADOW PINES Price: $3,725,000 Price/Unit: $37,250 Price/SF: $51.13 Cap Rate: 6.8%
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Mayfair Manor & Shadow Pines
240 Units
5180 East 22nd Street, Tucson, Arizona 85711 & 4011 North First Avenue, Tucson, Arizona 85719
Tucson, AZ
Type: HUD
Mesa Royale is a 152-unit, two-story, garden-style complex built in 1985. It is comprised of 17 rental buildings with block constructed and pitched tile roofs. This well maintained property is individually metered for utilities and serves as an active retirement community for adults over the age of 55. Tenants are offered numerous amenities including a swimming pool and spa, clubhouse, fitness center, ninehole putting green, beauty salon, fully equipped kitchens, washer/dryers in unit, walk-in closets, and patios/balconies. These amenities are second to none for a community of this vintage, in this location.
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Mesa Royale
152 Units
1825 North Stapley Road
Mesa, AZ  85203
Type: Senior
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Montelano
432 Units
8330 North 19th Avenue
Phoenix, AZ  85021
Sold
Orchidtree
278 Units
6801 East Camelback Road
Scottsdale, AZ  85251
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Palm Meadows
72 Units
9423 N. 17th Ave.
Phoenix, AZ  85021
Type: Conventional
The River Ranch Apartments is a 188 unit two story garden style complex built in 1986. It is composed of eleven buildings including a stand-alone office. The property is surrounded by single family housing valued in the $380,000-500,000 range, well-above the Phoenix average. The River Ranch Apartments offers an attractive product at an affordable price point with modern touches which make the property highly desirable.
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River Ranch
188 Units
6152 West Oakland Street
Chandler, AZ  85226
Located in northern Arizona and nestled at the base of the San Francisco Peaks, Rock Ridge Apartments is a garden-style apartment community in Flagstaff, Arizona. This large multifamily property was constructed in 1984 and is comprised of spacious 1 bedroom (40%) and 2 bedroom (60%) units. Each unit has a washer and dryer hookup, individual heating and cooling, wood-style flooring, and abundant off-street parking. Located 5 miles east of the junction of I-40, I-17 and Northern Arizona University, the property is easily accessible to major transportation arteries and just minutes away from numerous employment opportunities, retail amenities, and ample outdoor recreation.
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Rock Ridge Apartments
   
5205 E Cortland Blvd
Flagstaff, AZ  86004
Type: Conventional

Cushman & Wakefield’s Southwest Multifamily Advisory Group is pleased to present the exclusive listing of the 130-unit Summerhill apartment community centrally located in Phoenix, Arizona. This asset is situated in a desirable and strategically located neighborhood between Central Phoenix and Scottsdale. Built in 1970, Summerhill represents an outstanding opportunity to invest in a strong location at a price below comparable sales.

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Summerhill
130 Units
2925 N. Greenfield Road
Phoenix, AZ  85016

Cushman & Wakefield is pleased to introduce the opportunity to purchase Terra Vista Palms, a 138-unit garden-style apartment community built in 1975 offering value-add potential to new ownership. Terra Vista Palms, at 59th and Northern Avenues, falls within the Downtown Glendale focus area. Historic Downtown Glendale has been experiencing a resurgence of restaurants and retail that attracts many residents with its quaint, city square feel. The property profits from good visibility on 59th Avenue with close proximity to many local conveniences and employment centers.

Terra Vista Palms offers an operational upside utilizing an interior and exterior renovation plan with the ability to increase effective rents and add value based on strong occupancy and projected rent growth. Contact us today to schedule your personal tour of Terra Vista Palms.

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Terra Vista Palms
138 Units
5902 W. Royal Palm Road
Glendale, AZ  85302
Type: Conventional
Unpriced offering
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The Colonnade
415 Units
1930 East Camelback Road
Phoenix, AZ  85016
The Colony Apartments is a 236-unit, one and two-story, garden-style complex built in 1979. It is composed of 41 buildings including a leasing office. The property is located across the street from Maryvale Park, Maryvale Community Center, YMCA, and the Palo Verde public library. The Colony Apartments offers an attractive product with large units in a relatively low density setting.
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The Colony
236 Units
4337 N 53rd Ln
Phoenix, AZ  85031

Cushman & Wakefield is pleased to introduce the opportunity to purchase Twillingate, an attractive, garden-style asset comprised of 52 units located on the METRO Light Rail on 19th Avenue. This submarket is expected to exceed above average revenue growth due to improved demographics associated with the impact of the METRO Light Rail operation and redevelopment of the Metrocenter area nearby.

Find out more about the value-add opportunities available with interior upgrades coupled with strong occupancy and convenient location. Contact us today to schedule your personal tour of Twillingate.

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Twillingate
52 Units
7141 N. 19th Ave.
Phoenix, AZ  85021
Type: Conventional
Unpriced Offering Lender Owned
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Veritas at McCormick Ranch Condominiums
36 Units
8233 North Paseo Del Norte
Scottsdale, AZ  85258
Type: Condo
Williams Gateway is a 72-unit, two-story, garden-style complex built in 1982. It is comprised of 6 rental buildings with stucco frame construction and pitched tile roofs. This well maintained property is individually metered for utilities. Property amenities include a stand alone rental office, swimming pool, laundry facility, dog park, community BBQ and outdoor dining space.
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Williams Gateway
   
5850 S. Power Road
Gilbert, AZ  85295

Zen Senior Living is a 99 unit, two story garden complex built in 1985. This recently renovated, well maintained property is individually metered for utilities, with stucco frame construction and pitched tile roofs. Property amenities include an expansive clubhouse and TV lounge, fully equipped fitness center, new on-site pet park, sparkling swimming pool and hot tub, covered parking and community library. The property is one of Phoenix’s premier options for Active Adult Senior Living.

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Zen Senior Living
99 Units
11645 North 25th Place
Phoenix, AZ  85028
Type: Senior