The Nackard Building | 15 North San Francisco Street, Flagstaff, AZ 86001 | $3,814,600
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (February 18, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,814,600 sale of The Nackard Building, a mixed-use building located in Flagstaff, Arizona. The Buyer was represented by ABI Multifamily's Patrick Burch, and John Klocek.
The buyer and seller are based in Arizona.
Originally built in 1921, The Nackard Building is a historic mixed-use building resting on approximately 0.16 acres of land in the heart of Downtown Flagstaff. Situated on North San Francisco Street, just off the iconic Route 66, and within half a mile from the Northern Arizona University Campus, the property consists of 5 short term residential penthouse suites in addition to over 20 small office spaces and retail spaces which includes the popular Aspen Sports Outdoor Outfitter & Skate Shop.
The city of Flagstaff is a popular tourist destination for both in-state and out-of-state residents with estimates of over 5 million visitors per year. Situated just 80 miles from the Grand Canyon National Park and just over a two-hour drive from the city of Phoenix, Flagstaff is well positioned to act as both a stand-alone weekend destination and travel point for visitors enroute to the one of the nation’s most popular national parks. The Nackard building is positioned in a prime location within the city to service these visitors.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, Sacramento, 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.