Cushman & Wakefield is pleased to offer Arrive Fountain Hills, a 150-unit class A multifamily community with remaining value add potential located in the highly desirable community of Fountain Hills, Arizona. With only 45 of the 150 units renovated to the highly successful Premium level there is still considerable value remaining to be added at Arrive Fountain Hills. With Premium level units achieving on average over $200 per month over non renovated units and over $60 per month over previously renovated units there is a clear path to increasing revenue by finishing the proven renovation program started by current ownership.
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Arrive Fountain Hills
150 Units
13225 N. Fountain Hills Blvd.
Fountain Hills, AZ  85268
Type: Conventional
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Ascend at Prairie Village
126 Units
2205 Alpine Street
Longmont, CO
The Cushman and Wakefield Southwest Multifamily Advisory Group is pleased to present the exclusive listing of the 324 unit Avery On the Green Apartment Homes located in Chandler, Arizona.
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Avery on the Green
324 Units
125 S. Alma School Road
Chandler, AZ  85224
Type: Conventional
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Black Mountain Lofts
   
1718 North Fort Valley Road
Flagstaff, AZ  86001
Type: Conventional

Cushman & Wakefield’s Southwest Multifamily Advisory Group is pleased to present the exclusive listing of the 26-unit Camelback Gardens apartment community centrally located in Phoenix, Arizona.

The property is sited on approximately 1.5 acres in a well developed area that offers residents various shopping, recreation and schools. Located in close proximity to both major freeways, I-17 and SR-51, Camelback Gardens also benefits from being situated within walking distance of the METRO Light Rail.

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Camelback Gardens
26 Units
2101 West Colter Street
Phoenix, AZ  85015
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Cantamar
180 Units
16630 North 43rd Avenue
Glendale, AZ  85306
Type: Conventional

Centerra is a 202-unit, garden-style apartment community located near Frank Lloyd Wright Boulevard and Shea Boulevard in Scottsdale, Arizona. This location offers residents easy access to employment, high-end shopping, outstanding dining experiences, nightlife and recreation in Scottsdale. The property has been renovated, with all 202 units upgraded.

An Albertsons grocery store is immediately north of the property and a Safeway grocery story is to the west, both within walking distance. Cholla Park and Ancala Country Club are minutes away, as well as dining options such as The Americano, Rosati’s Pizza, Cold Beers & Cheeseburgers, Vito’s Italian Ristorante, First Watch and Blue Adobe Santa Fe Grill. Scottsdale Fashion Square, Kierland Commons, Scottsdale Quarter, Paradise Valley Mall and High Street are all within a short drive of Centerra.

Centerra offers residents two resort-style pools and spas, fire pit with surround seating, barbecue/picnic area, newly designed fitness center with free weights, off-leash dog park and covered parking.

Interior amenities include washers/dryers, Whirlpool stainless steel appliances, microwaves, granite countertops in kitchens, new cabinets in kitchens and baths, walk-in closets, wood-style flooring, window coverings, extra storage, carpeting, and private patios/balconies. Ceiling fans and wood burning fireplaces are offered in select units.

All 202 of the unit interiors have been recently upgraded and a significant portion of the exterior and common areas have been upgraded. Please see pages 10-11 for a list of the recently completed upgrades and enhancements.

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Centerra
202 Units
11100 N. 115th Street
Scottsdale, AZ  85259
Type: Conventional
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Country Club
222 Units
3030 North 7th Street
Phoenix, AZ  85014
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Desert Blossom
10 Units
902 South 28th Avenue
Phoenix, AZ  85009
Short-Sale Approval Required Price: $650,000 Price/Unit: $14,444 Price/SF: $22.22
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Desert Meadowlark
45 Units
405 North 40th Avenue
Phoenix, AZ  85009
29 units offered for sale | Buyer may obtain new financing PRICE: $1,425,000 PRICE/UNIT: $49,138 PRICE/SF: $71.93
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Desert Villa
29 Units
1826 North 51st Street
Phoenix, AZ  85008
*PRICE RECENTLY REDUCED* Price: $249,000 Price/Unit: $24,900
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Galaxy Estates
10 Units
4838, 4900, & 4902 East Culver Street
Phoenix, AZ  85008
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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
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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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Mesa-Stillwater
   
1445 S Power Rd
Mesa
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Montelano
432 Units
8330 North 19th Avenue
Phoenix, AZ  85021
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Nueva Vista
72 Units
9423 N. 17th Ave.
Phoenix, AZ  85021
Type: Conventional