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Peak 16 is a newly completed 233-unit, Class "A", podium-style luxury apartment community located near 16th Street and Camelback Road in the highly desirable Camelback Corridor area of Phoenix. Peak 16 is within close proximity to a variety of employment, shopping and entertainment venues and has immediate access to the State Route 51 and minutes away from notable employers such as Phoenix Children’s Hospital and Charles Schwab. Residents also benefit from close proximity to top-rated schools including "A" rated Madison Camelview Elementary, serving grades pre-school through 4th.

Peak 16 offers residents a resort-style lap pool and spa with cabanas, outdoor grilling stations, outdoor fireplaces in courtyard settings, a state-of-the-art fitness center, a clubhouse with WiFi in common areas, gaming area with a pool table and televisions, resident tech lounge and a 24-hour package locker system. Four elevators and climate controlled interior corridors provide convenient access to each unit.

Interior amenities include, wood-style plank flooring, modern kitchens with islands, stainless steel appliance package including gas cooktops, tile backsplashes, "French door" style refrigerators, modern cabinetry, quartz countertops, contemporary lighting, washer/dryers and private patios/balconies. Ceiling heights range from 9 to 25 feet throughout the community.

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Peak 16
233 Units
5151 North 16th Street
Phoenix, AZ  85016
Type: Conventional
Closed: 10/10/2019

The Cushman & Wakefield Fogler/Nicoluzakis Multifamily Capital Markets Team is pleased to offer CENTERRA, a renovated, 202-unit, garden-style apartment community located near Frank Lloyd Wright Boulevard and Shea Boulevard in North Scottsdale, Arizona, one of the Phoenix area's most exclusive neighborhoods.

Centerra is a gardden-style, two and three story community featuring a mix of one and two bedroom/two bath units with washers and dryers. All 202 units have been completely upgraded with new Whirlpool stainless steel appliances, new cabinets (in kitchens and bathrooms), new flooring, granite countertops (in kitchens) along with new light and plumbing fixtures.

In addition to the unit interiors, the exterior of the property and amenities were updated. Exterior improvements included the addition of a fitness center, updates to the leasing/business center, new roofs and a complete repaint of the community. While Centerra has been updated, there is still value-add potential remaining through targeted upgrades.

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Centerra
202 Units
11100 N. 115th Street
Scottsdale, AZ  85259
Type: Conventional
Closed: 10/4/2019

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±2.71 acre multifamily development site in Phoenix's rapidly transforming Central Corridor. The opportunity consists of ±117,907 square feet of developable land north of the northwest corner of Osborn Road and 4th Avenue.

This rare site is located near the Valley Metro Light Rail, with a station within walking distance of the property at Central Avenue and Osborn Road. Phoenix's urban revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. The area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University's downtown campus and Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions within the Central Corridor.

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4th Ave & Osborn Rd Dev Site
2.71 Acres
3500 North 4th Avenue
Phoenix, AZ  85013
Type: Land
Closed: 9/30/2019

Cushman & Wakefield is pleased to offer JEFFERSON CHANDLER, a brand new 283-unit Class "A", gardenstyle luxury rental community located in Chandler, Arizona near Chandler Fashion Center, with easy access to restaurants, shopping, entertainment and recreation. Jefferson Chandler features a mix of studio, one, two and three bedroom floor plans and superior amenities. Nearby are top-rated schools, medical centers, parks,movie theaters, golf courses, major employers and office parks, and many shopping and dining options. The property’s location is 1 mile away from the Loop 101/Loop 202 freeway interchange, connecting residents to the rest of the Metro Phoenix area.

Completed in 2018 by JPI, a premier national multifamily developer, Jefferson Chandler combines a high quality suburban location with a high level exterior design, a superior amenity package, top-of-the-line interior finishes and excellent floor plans to create a true best-in-class multifamily community.

Residents can take advantage of Jefferson Chandler’s resort-style swimming pool, poolside cabana, outdoor firepit, grilling stations with lounge seating, putting green and ramada, clubhouse with social business hub, game room with billiards, high-tech fitness facility, yoga studio, storage units, off-leash pet park and pet spa. Jefferson Chandler is an elevator-served (4-story building only), gated community with covered parking, available attached/detached garages and open spaces for guest parking.

The extensive amenities offered residents are matched by high level interior finishes provided in each individual residence. Jefferson Chandler’s spacious floor plans feature 9-foot ceilings, designer-inspired interior color schemes, wood-look plank flooring, quartz countertops in kitchens and baths, chef-inspired kitchens with stainless steel appliances, undermount sinks, kitchen backsplashes, washers/dryers and exterior storage space. Select units include dual vanities in bathrooms, walk-in showers, kitchen islands, walk-in closets and private patios/balconies with french doors.

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Jefferson Chandler
283 Units
3950 West Chandler Boulevard
Chandler, AZ  85226
Type: Conventional
Closed: 7/9/2019

Cushman & Wakefield is pleased to offer ARCADIA 4127, a 258-unit, fully renovated, garden-style community located in the highly desirable Arcadia neighborhood of Phoenix, Arizona. The current owners have spent approximately $7,000,000 ($27,000 per unit) completely transforming Arcadia 4127, creating a high quality, affordable living environment in one of Phoenix’s best neighborhoods. This outstanding location offers residents immediate access to employment, shopping and dining at some of the Phoenix area’s best restaurants. The entertainment district of Downtown Scottsdale is only minutes away to the east of Arcadia 4127.

Arcadia 4127 offers residents two swimming pools, a spa, outdoor barbecue grills, a fire pit, leasing office, fitness center, two elevators, gated access, covered parking and on-site laundry facilities. Interior amenities include washer/dryers (in select units), quartz countertops, under-mount sinks, stainless steel appliances, pantries, walk-in closets, hardwood-style flooring, new lighting fixtures, upgraded carpeting in bedrooms, ceiling fans and vertical blinds. Select units feature fireplaces, private balconies/patios and views of Camelback Mountain. Arcadia 4127 has been completely renovated by the current owners, including common areas, amenities, building exterior, mechanical systems and all 258 unit interiors.

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Arcadia 4127
258 Units
4127 East Indian School Road
Phoenix, AZ  85018
Type: Conventional
Closed: 6/3/2019

VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY

Cushman & Wakefield is pleased to offer TATUM PLACE, a 164-unit Class "B" apartment community located east of the southeast corner of Tatum Boulevard and Bell Road on 49th Street in Northeast Phoenix, Arizona. This location offers residents easy access to the State Route 51 and Loop 101 freeways, providing immediate access to employment and "world-class" entertainment, shopping and dining venues in Scottsdale and Northeast Phoenix.

Tatum Place offers residents two swimming pools (one an Olympic style lap pool), sun decks, a brand new fitness center, poolside clubhouse, barbecue grills and picnic area, fire pit, attractive landscaping, gated access and covered parking. Interior amenities include washers/dryers, ceiling fans, contemporary window coverings, wood cabinetry, microwaves, double stainless steel kitchen sinks, 9-foot ceilings, cultured marble vanity countertops, patios/balconies with outside storage. Select units include skylights, vaulted ceilings, accent walls, wood-style flooring, pantries, stainless steel appliances, granite countertops and walk-in closets.

Approximately 25% of the unit interiors have been recently upgraded while most of the property exterior and common areas have been upgraded. However, there is still significant opportunity to add value by completing interior renovations to the remaining "untouched" units while at the same time adding finishing touches to the already renovated units that will allow for even further growth in the market rental rates.

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Tatum Place
164 Units
16801 North 49th Street
Scottsdale, AZ  85254
Type: Conventional
Closed: 4/9/2019

Cushman & Wakefield is pleased to offer BROADSTONE ROOSEVELT ROW: A brand new 316-unit, Class "A" luxury rental community centrally located in the heart of Downtown Phoenix, Arizona in the iconic Roosevelt Row Arts District - one of the most popular neighborhoods not only in Phoenix, but in the nation. This very walkable community is just steps away from art galleries, restaurants, retail shops, bars and entertainment venues forming the Phoenix area’s only true urban, walkable neighborhood. Broadstone Roosevelt Row features a mix of spacious studio, one, two and three bedroom floor plans as well as superior amenities. Broadstone Roosevelt Row’s location is the gateway to and from Downtown Phoenix and provides residents access to all the Roosevelt Row and Downtown Phoenix has to offer, all located literally just steps away. The property’s location is less than a half-mile away from the I-10 freeway and only a 7-minute walk to the light rail station at Roosevelt Street and Central Avenue.

Residents can take advantage of Broadstone Roosevelt Row’s two-story clubhouse with upscale chef’s kitchen, classic arcades and billiard games, pool and spa with five private cabanas, swim house featuring a complimentary coffee bar, oversized TV and billiard games, rooftop deck with fire pits, three landscaped outdoor patios with lounge seating, fire pits and barbecue grills, climate controlled interior corridors, direct access parking garage, resident bike storage, interior resident storage units, smartphone resident access system, Butterfly MX video intercom system, WiFi in gathering spaces, water features, resident beach cruisers and on-site restaurant and retail.

The extensive amenities offered residents are matched by the high level interior finishes provided in each individual residence. Broadstone Roosevelt Row’s floor plans feature gourmet kitchens with gas cooktops, energy efficient GE stainless-steel appliances, modern cabinetry with brushed nickel pulls, quartz countertops, wood style flooring, tile backsplash in kitchens and baths, USB charging outlets, Nest learning thermostats and front-load washers/dryers. Select units feature soaring 19-foot ceilings, DuChateau hardwood flooring, pendant lighting, en-suite bathrooms with dual vanities, walk-in closets, Sonos sound system, wine refrigerators and personal balconies/patios.

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Broadstone Roosevelt Row
316 Units
330 East Roosevelt Street
Phoenix, AZ  85004
Type: Conventional
Closed: 3/12/2019

Cushman & Wakefield is pleased to offer LAKESIDE DRIVE A BROADSTONE COMMUNITY: A brand new 150-unit Class "A" luxury rental community centrally located near the heart of Downtown Tempe, Arizona, just steps away from Tempe Town Lake, the Tempe Center for the Arts, and popular Mill Avenue eateries and bars. Lakeside Drive A Broadstone Community features a mix of spacious studio, one, two and three bedroom (penthouse) floor plans and superior amenities. Lakeside Drive’s location near Rio Salado Parkway and Mill Avenue provides easy access to Arizona State University and other top-rated schools, medical centers, Tempe Beach Park, movie theaters, major employers and office parks, and many shopping and dining options. The property’s location is 1 mile away from the Loop 202 freeway and only a half-mile away from the light rail station at Mill Avenue and 3rd Street.

Residents can take advantage of Lakeside Drive’s resort-style swimming pool and spa, poolside cabanas, pool house with air-conditioned social area, outdoor firepits and entertainment pavilion, gourmet grilling stations, rooftop lounge with panoramic city and water views, clubroom with gourmet kitchen, complimentary coffee bar, two-story state-of-the art fitness center, climate controlled interior corridors, interior resident storage units, TransitScreen display, gated community with smartphone resident access, garage parking, WiFi in common areas and complimentary resident beach cruisers. Lakeside Drive A Broadstone Community features the Phoenix area’s first co-working space offered in a multifamily community, which allows residents to truly work from the comfort of their own home.

The extensive amenities offered residents are matched by high level interior finishes provided in each individual residence. Lakeside Drive’s floor plans feature wood-style flooring, walk-in closets, gourmet kitchens with gas cooktops, Energy Star appliances, granite countertops and modern tile backsplashes, European-style cabinets with brushed aluminum pulls, USB charging outlets, Nest thermostats and front-load washer/dryers. Select units include 19-foot ceilings, en-suite bathrooms with dual vanities and wine refrigerators.

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Lakeside Drive, a Broadstone Community
150 Units
500 West 1st Street
Tempe, AZ  85281
Type: Conventional
Closed: 1/31/2019

Legacy at Prescott Lakes Luxury Apartment Community is a 150 unit Class "A" property located within the Prescott Lakes master planned community in Prescott, Arizona. Prescott Lakes is one of Prescott's premier master planned communities featuring an 18-hole championship golf course and 12 acres of lakes and open spaces.

Legacy at Prescott Lakes was designed and constructed by one of the nation’s premier multi family housing developers and features an attractive high-end architectural design. Residents of Legacy at Prescott Lakes are offered six distinctive one, two and three bedroom floor plans. Each floor plan features a washer and dryer, designer kitchens with self-cleaning ovens, dishwashers, frost-free refrigerators and microwaves, ceiling fans, walk-in closets, and patios or balconies with storage areas. Select floor plans also feature gas fireplaces, a private garage and views of the Granite Dells and Watson Lake. A significant number of units have been upgraded to include wood plank-style flooring, stainless-style or black appliances, new door hardware, along with new plumbing and light fixtures.

Also provided to residents of Legacy at Prescott Lakes is a heated pool and spa area, a fitness center, business center and a resident clubhouse. Legacy at Prescott Lakes combines an excellent location with superior architectural design and amenities to offer an exceptional investment opportunity.

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Legacy at Prescott Lakes
150 Units
1998 Prescott Lakes Parkway
Prescott, AZ  86301
Type: Conventional
Closed: 9/18/2018

The District at Mountain Vista is a 384-unit Class "A", garden-style luxury rental community located in East Mesa near the US-60 and 202 freeways, with easy access to restaurants, shopping, entertainment and recreation. Nearby amenities include highly ranked schools, medical centers, parks, movie theaters, golf courses and many shopping and dining options. The property’s location provides easy access to the US-60 and the 202 freeways, connecting residents to the rest of the Metro Phoenix area.

The District at Mountain Vista offers its residents a resort-style pool, spa, sundeck, poolside cafe tables and barbecue grills, clubhouse, resident business center with WiFi, fax and copier, fitness center, yoga studio, dog park, carports and detached garages, extra storage units and gated entry.

The District at Mountain Vista features a mix of one, two and three bedroom floor plans. The interior amenities offered residents include nine-foot ceilings, ceramic tile flooring, crown molding, faux granite countertops, double stainless steel sinks, breakfast bar, Whirlpool black dishwasher, built-in microwave, stove and refrigerator, walk-in closets, roman soaking tub in master bath, full-size washer/dryers and private patios/balconies. Select units offer a built-in computer niche, laundry room, and vanity seating and double sinks.

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The District at Mountain Vista
384 Units
1304 South 105th Place
Mesa, AZ  85209
Type: Conventional
Closed: 9/14/2018

Cushman & Wakefield is pleased to offer Aura, a 220-unit recently constructed Class "A" luxury rental community located in the highly desirable Biltmore area of Phoenix, Arizona. Developed by Trinsic Residential, a premier national multifamily developer, Aura features a mix of one, two and three bedroom floorplans and a contemporary design. Aura’s location near the intersection of Indian School Road and 20th Street provides easy access to the major employment centers of the Camelback Corridor, Midtown and Downtown Phoenix as well as one of the Phoenix area’s most dynamic restaurant scenes. Aura also provides close proximity to shopping at Biltmore Fashion Park, excellent schools, numerous highly ranked hospitals, the AZ-51 Freeway and the Phoenix Mountain Preserve. This quality location coupled with a superior amenity package and top-of-the-line interior finishes serves to create a true best-in-class multifamily community.

Aura offers its residents a resort-style pool with a spa, private cabanas, barbecue grills with dining areas, hammocks and fireside seating. Aura also features a state-of-the-art two-level fitness facility offering a variety of top-of-the-line cardio equipment, free weights, resistance training machines and open exercise areas available for classes and group workouts. Additional amenities offered include a business center featuring multiple conference rooms, indoor mail pick-up, a secured parcel delivery system, valet trash service with onsite recycling, individual storage rooms, secured gated entrance, an electric car charging station and a choice of open, covered or garage parking.

The extensive amenities offered residents are matched by high-level interior finishes provided in each individual residence. Aura’s spacious, well-designed floorplans feature ceramic wood-look tile flooring in the living areas, full-size washer/dryers, private patios/balconies, large walk-in closets featuring custom wood shelving, roller shades on all exterior windows, an accent color wall in living rooms, designer lighting and ceiling fans in bedrooms and living rooms. Aura’s kitchens provide residents with Whirlpool Energy Star stainless steel appliances, ceramic glass cook tops, glass-front cabinets in select units, pantries, track lighting, quartz countertops, under-mount stainless sinks with designer faucets, prep islands with pendant lighting (select floorplans), side-by-side refrigerators with water and ice dispensers, built-in microwaves, dishwashers and tile backsplashes. All bathrooms feature quartz countertops with under-mount sinks, designer plumbing fixtures, soaking tubs, framed vanity mirrors, ceramic tile flooring and tile tub and shower surrounds. Select units feature walk-in showers.

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Aura
220 Units
1920 East Indian School Road
Phoenix, AZ  85016
Type: Conventional
Closed: 6/20/2018
Cushman & Wakefield is pleased to offer University Villa at Ironwood, a 140-unit/484-bed, Class "A", purpose built student apartment community located in Tucson, Arizona, approximately 4 miles west of the University of Arizona, 1 mile north of Pima Community College west campus and 4 miles west of Pima Community College downtown campus. This location is within close proximity to major freeways, employment sources, shopping, dining, entertainment and recreational venues.

University Villa at Ironwood offers its residents four spacious floor plans, a resort-style pool and spa, clubhouse, 24-hr fitness center, 24-hr conference room, computer lab and study lounge, 24-hr theater room, basketball court, sand volleyball court, three 5-burner stainless steel barbecues and covered parking.

A major attraction to potential and existing residents of University Villa at Ironwood are the two private shuttles owned and operated by the property that provide free access to both University of Arizona and Pima Community College.

Unit interiors at University Villa at Ironwood include amenities such as washer/dryers, private patios or balconies, large walk-in closets in select units, 42" flat screen TV in living rooms and HD digital cable/internet ready.

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University Villa at Ironwood
140 Units | 484 Beds
2550 West Ironwood Hill Drive
Tucson, AZ  85745
Type: Student
Closed: 5/15/2018

This is a unique opportunity to purchase a ±9.29 acre infill Tempe development site located at the southeast corner of Rio Salado Parkway and Price Road in Tempe, Arizona. The site is positioned between two outdoor destination shopping centers, Tempe Marketplace and Mesa Riverview, with immediate access to the Loop 101 and 202 freeways, Sky Harbor International Airport and the rest of the Valley.

Arizona State University (ASU) is approximately two miles from the site, and Downtown Tempe/Mill Avenue, with its many dining, shopping and entertainment options, is approximately three miles. Downtown Tempe is one of the strongest and most actively developing submarkets in the entire Phoenix Metro area.

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ASU Surplus Land
9.29 Acres
2325 E. Rio Salado Parkway
Tempe, AZ  85281
Type: Land
Closed: 5/11/2018

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±2.0 acre, high density multifamily development site in Phoenix's rapidly transforming Central Corridor. This rare site is located along the Valley Metro Ligh Rail, with a station within walking distance of the property.

Phoenix's urgan revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. The area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University's downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus.

The opportunity consists of eight parcels with a combined total of ±86,095 square feet of developable land on the northeast corner of Central Avenue and Columbus Avenue. This transit oriented development site is bound by three streets and provides for intense densities and height.

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Central & Columbus Dev Site
1.98 Acres
3617 North Central Avenue
Phoenix, AZ  85012
Type: Land
Closed: 4/12/2018
Cushman & Wakefield is pleased to offer Timberline Place, 102 Class A condominium units available for bulk purchase located within the 204 unit Timberline Place Condominiums community in Flagstaff, Arizona. The residents of Timberline Place are offered a choice of four different one, two and three bedroom floor plans. Each unit features 9-foot ceilings, alarm system, ceiling fans, full size washer/dryer, gas fireplace, complete kitchen and a private patio or balcony. Residents of Timberline Place are offered Flagstaff’s highest end amenity package, including a heated pool and spa, outdoor fireplace and lounge, clubhouse complete with kitchen, flat screen television and java bar, fitness center, yoga studio, indoor basketball court, cedar lined sauna, WiFi and attractive grounds with covered ramadas, barbecues and golf course views.
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Timberline Place
102 Units
4343 East Soliere Avenue
Flagstaff, AZ  86004
Closed: 3/13/2018

The Grand at Papago Park Center represents an opportunity to acquire a high-density 6.74 acre multifamily development site on a long-term ground lease within Tempe's brand-new, premier business center. The Grand at Papago Park Center is ideally situated north of and adjacent to the Loop 202 Red Mountain Freeway. It has almost immediate access to Arizona State University and Phoenix Sky Harbor Airport. The I-10, Loop 101 and 51 freeways are also within minutes of the site. The Grand at Papago Park Center has a light rail station at its northern boundary on Washington Street, and the Center Parkway light rail station is within walking distance of The Grand's eastern boundary.

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The Grand at Papago Park Center
6.01 Acres
NEC Priest Drive and Loop 202 Freeway
Tempe, AZ  85281
Type: Land
Closed: 2/27/2018
Cushman & Wakefield is please to offer Mission Palms, a 125-unit, boutique style garden apartment community located in the highly desirable North Central area of Phoenix, Arizona. Mission Palms features a mix of one and two bedroom floor plans in an attractive park-like setting. Mission Palms' location on North 16th Street provides easy access to the major employment centers of the Camelback Corridor, Midtown and Downtown Phoenix as well as one of the Phoenix area's most dynamic restaurant scenes. Mission Palms also provides close proximity to shopping at Biltmore Fashion Park, the AZ-51 Freeway and the Phoenix Mountain Preserve.

Mission Palms offers five floor plans, a clubhouse, a WiFi-enabled coffee house, swimming pool and spa, barbecue areas, fitness center, laundry facility and gated access. Interior amenities include all-electric kitchens with dishwashers, vertical blinds and mini-blinds, pantries and walk-in closets in select units, ceiling fans, extra storage and private balconies/patios in select units.

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Mission Palms
125 Units
6131 N. 16th St.
Phoenix, AZ  85016
Closed: 1/31/2018