Village 28 | 4750 North 28th Street, Phoenix, AZ 85016 | 25 Units | $9,025,000 | $361,000 Per Unit | $449.56 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (August 12, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $9,025,000 / $361,000 Per Unit / $449.56 Per SF sale of Village 28, a 25-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's John Klocek, Patrick Burch, Mitchell Drake, Carson Griesemer, and Dallin Hammond represented the buyer and seller in this transaction.
The buyer and seller are based in Washington.
Built in 1969 and renovated in 2018, Village 28 consists of 25 garden-style, two-bedroom / one-bathroom units. The property has undergone extensive interior and exterior renovations and residents enjoy individual private patios as well as an in-suite washer and dryer.
Village 28 is located in NorthCentral Phoenix, AZ. Situated just south of East Camelback Road between 24th Street and 32nd Street. Residents enjoy direct access to all areas of Phoenix by way of Arizona State Route 51 as well as Interstate-10, Interstate-17, and State Route 202. Neighborhood conveniences and services in close proximity to the property include: Safeway, Whole Foods Market, Trader Joes, Chase Bank, Walgreens Pharmacy, Wells Fargo Bank, and Cost Plus World Market. Additional dining and entertainment options are also located nearby at the Town and Country Shopping Center, Camelback Esplanade, and Biltmore Fashion Park. The Biltmore Fashion Park offers 517,000 square feet of prime retail space in one of Phoenix’s most affluent areas. Anchored by Macy’s and Saks Fifth Avenue, this upscale, premier outdoor lifestyle center offers a collection of over 70 retail and fine dining destinations. These aspects make Village 28 a highly desirable community for its residents.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, Tucson, and San Diego, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.