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1st Street & McKinley
   
800, 808 and 818 North 1st Street
Phoenix, AZ  85004
- Lender Owned - Offered Unpriced
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28.2 Acre Multifamily/Condominium Site
   
145th Avenue & Parkview Place
Surprise, AZ  85374
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±4.66 net acre multifamily development site located in the highly desirable North Scottsdale area. The site is located on 90th Street, east of the Loop 101 Freeway between Raintree Drive and Frank Lloyd Wright Boulevard and consists of ±202,946 square feet of developable land.

Known as the "West’s Most Western Town", Scottsdale is a combination of cowboy culture and haute couture. Home to Arizona’s finest shopping and dining, Scottsdale offers hiking trails, award winning resorts and acclaimed art galleries for its residents that enjoy a quality of life like no other. Capturing the national spotlight, Scottsdale showcases an eclectic mix of sport and cultural events that draw thousands of spectators annually. Scottsdale boasts first-rate resorts, world-class events, sophisticated arts, lively nightlife, diverse shopping and epicurean feasts and is known for its refined spas, upscale wine bars and shopping plazas with luxury boutiques.

With its affluent population and large employment base, Scottsdale maintains a competitive edge in attracting new retailers, company headquarters, technology and biomedical industry leaders. The city enjoys the largest concentration of Class A Office space in the region. It has a highly developed workforce, enviable business infrastructure and transportation links, including a world-class executive airport. All of these factors combined create a thriving location for business that is attractive to employees and employers. The diverse economy is based on medical research, high-tech innovation, tourism and corporate headquarters. Scottsdale is home to nearly 18,000 businesses, over 150,000 jobs and more than 20% are Arizona corporate headquarters.

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90th St & Raintree Drive
4.66 Acres
N/NWC 90th Street & Raintree Drive
Scottsdale, AZ  85260
Type: Land
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Acacia Pointe
208 Units
8344 North 67th Avenue
Glendale, AZ  85302
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: Residential
Sold
Ascend at Mountain Vista & Ascend on Glendale (2 properties, 0 acres)
Ascend at Mountain Vista
   
10631 E Southern Ave
Mesa, AZ  85209
Sold
Ascend at Prairie Village
126 Units
2205 Alpine Street
Longmont, CO
Sold
Black Mountain Lofts
   
1718 North Fort Valley Road
Flagstaff, AZ  86001
Type: Residential

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
Sold
Cantamar
180 Units
16630 North 43rd Avenue
Glendale, AZ  85306
Type: Residential

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: Residential
Sold
CITYNORTH - PARCEL C
   
Sold
Country Club
222 Units
3030 North 7th Street
Phoenix, AZ  85014
Sold
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
Sold
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: Residential
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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: Residential
Sold
Marabrisa Condominiums
75 Units
234 North 75th Street
Mesa, AZ  85207
Type: Residential
Sold
Maryland Gardens
120 Units
4529 West Ocotillo Road
Glendale, AZ  85301