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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
Posted: 2/2/2019

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
Posted: 1/15/2019
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
Posted: 1/15/2019

Cushman & Wakefield is pleased to present a unique opportunity to acquire an exceptional infill land parcel in the heart of the prestigious Tempe North submarket in Tempe, Arizona. Fronting University Drive on the North and Rural Road on the West, the property is comprised of 3.12 acres (135,831 square feet), made up of six (6) separate but contiguous parcels of land under single ownership, offering an opportunity to develop a high-profile mixed use project with tremendous visibility and access to the robust population in the area.

With a small strip center and two (2) stand-alone buildings currently on the site, all with finite lease expiration dates, an investor retains the imbedded benefit of obtaining net operating income while working through development planning. The property’s high-profile location, spacious setting, walkable amenities, and immediate access to Arizona State University and the Tempe North retail/hospitality/office setting, make this offering a one of a kind investment opportunity in the market.

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SEC Rural Road & University Drive
Offers Due:  Thursday, March 28, 2019
3.12 Acres
Rural Road & University Drive
Tempe, AZ  85281
Type: Land
Posted: 2/2/2019

Cushman & Wakefield is pleased to present a unique opportunity to obtain a long-term, prepaid ground lease for a ±1.0 net acre, high density multifamily development site within Arizona State University’s Novus Innovation Corridor. This rare opportunity is for Parcel 3F located on the southwest corner of 6th Street and Packard Drive, immediately north of the University Avenue Light Rail Transit Station.

Novus Innovation Corridor is a 350-acre master planned, mixed use development planned for approximately 10 million square feet along Tempe Town Lake, including State Farm's 2.1-million-square-foot Marina Heights regional office. Strategically integrated with Arizona State University (ASU), wholly on university-owned land, Novus is managed by master developer Catellus, a national leader in the development of urban mixed-use communities.

Novus is a unique opportunity to develop the 21st century urban community on an infill canvas in the center of one of the nation's largest and fastest growing metropolitan areas. The development will include a variety of urban neighborhoods that feature office, retail, hospitality and residential activities, creating the potential to bring more than 30,000 new jobs and 5,000 new residents to the thriving Tempe community.

Tempe, one of the Phoenix area’s most dynamic environments, features a large, educated workforce of over 200,000 people, a diverse mix of major employers including State Farm Insurance, First Solar, Amazon, Microsoft, ZipRecruiter, Chase Bank, Edward Jones, Medtronic and Wells Fargo among others. In addition, Tempe offers major events at venues such asvASU Gammage, Tempe Town Lake, Tempe Center for the Arts and at the various ASU athletic facilities. Tempe is also recognized as being the most bikable and walkable community in the Phoenix area.

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Parcel 3F - Novus Innovation Corridor
1 Acres
NWC 6th Street & Packard Drive
Tempe, AZ
Type: Land
Posted: 9/23/2018

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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Under Contract
Tatum Place
164 Units
16801 North 49th Street
Scottsdale, AZ  85254
Type: Conventional
Posted: 11/5/2018

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±8.2 net acre multifamily development site located on a major intersection in Phoenix’s rapidly transforming Central Corridor. This rare, hard-corner site is located along the Valley Metro Light Rail, with a station adjacent to the property at the corner of Central Avenue and Indian School 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. In addition to the Light Rail, the area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 15,000-student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions in the Central Corridor.

The opportunity consists of four (4) parcels with a combined total of ±356,905 square feet of developable land on the northwest corner of Central Avenue and Indian School Road. This transit oriented development site is bound by three streets.

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Under Contract
NWC Central & Indian School Development Site
8.2 Acres
Central Avenue & Indian School Road
Phoenix, AZ
Type: Land
Posted: 8/31/2018