COVID-19 Statement from ABI Multifamily

As we all navigate these unprecedented and challenging times, we want you to know that we are working hard to maintain effective business operations and open channels of communication with all of our clients. Fortunately, we utilize and rely on technology as the backbone of operations for ABI. Our digital systems and virtual communications capabilities have allowed us to seamlessly and efficiently transition to a mostly remote working model. We are operating with our full capabilities and continue to provide the responsive and timely feedback we are known for.

Our team remains fully committed to providing our expertise in brokerage and advisory services, and serving as a resource for all relevant data and information. We will continue to help multifamily stakeholders make sound decisions in real-time, maintain maximum performance of their investment assets, and synthesize immediate, short, and long-term goals throughout this highly unusual time.

Quite simply - WE ARE HERE FOR YOU - in the best of times and the worst of times. Our seasoned advisors have been through it all. In our business, rents and occupancy are the pillars to stability. We are tracking both and can help you stay ahead of the changes in your submarkets.

It is time to think and act fast so reach out to one of our brokers over the phone or email. At the very least, you will enjoy a good conversation during these socially distant moments. We are all in this together. Here’s to strong health and rapid resolutions to the variety of challenges we collectively face. More power to all of you!

- The Team at ABI Multifamily

Press Release | ABI Brokers $6.25M Apartment Sale near Westgate Center and the Loop 101 Freeway

ABI Press Releases, apartment sale, Arizona, Cardinal's Stadium, Loop 101 Freeway, multifamily investments, Phoenix Metro, Phoenix MSA, Rue Bax, Sierra Verde Villas Apartments, Westgate Center

Sierra Verde Villas | 10525 West Monterosa Street, Phoenix, AZ 85037 | 58 Units | Built in 1987 / 1999 | $6,250,000 | $107,758 Per Unit | $102.51 Per SF Sierra Verde Villas | 10525 West Monterosa Street, Phoenix, AZ 85037 | 58 Units | Built in 1987 / 1999 | $6,250,000 | $107,758 Per Unit | $102.51 Per SF

PRESS RELEASE
FOR IMMEDIATE RELEASE

Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com

ABI Brokers $6.25M Apartment Sale near Westgate Center and the Loop 101 Freeway


Phoenix, AZ – July 31, 2018 – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $6,250,000 / $107,758 Per Unit sale of Sierra Verde Villas located in Phoenix, Arizona. Built in two phases, 1987 and 1999, Sierra Verde Villas is a garden-style apartment community that features 58 units in 4 rental buildings constructed of wood frame and stucco. The property has pitched composition shingle roofs and rests on approximately 3.25-acre. The unit mix consists of (47) two bed and (11) three bed units with an average size of 1,051 SF. The property offers air conditioning / heating, dishwasher, refrigerator, range / oven, microwave, washer/dryer, vaulted ceilings and walk-in closets. This gated community also provides its residents with two covered car ports, a landscaped community courtyard, private patios in select units and secure storage units.

"Sierra Verde Villas is located near Westgate Center, Cardinal Stadium, shopping, dining, sports, entertainment and easy access to the Loop 101 Freeway. The majority two and three-bedroom units was very appealing to the Buyer and their ability to add value over time," states Rue Bax, Senior Managing Partner at ABI, who represented both the Buyer and the Seller in the transaction.

The Buyer is a private multifamily investor based in Phoenix, AZ.

The Seller is an experienced private investor based in Southern California.

The multifamily brokerage team of Rue Bax, John Kobierowski, Alon Shnitzer, Eddie Chang and Doug Lazovick represented both the Buyer and Seller in this transation.

ABI Multifamily 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.