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
Mode 39 Arcadia Townhomes | 3021 North 39th Street, Phoenix, AZ 85018 | 13 Units | $3,700,000 | $284,615 Per Unit | $176.23 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ (April 21, 2020) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $3,700,000 / $284,615 per Unit sale of Mode 39 Arcadia Townhomes, a 13-unit property in Phoenix.
Mode 39 Arcadia Townhomes is located near the Arcadia area of Phoenix in the highly sought-after 85018 zip code, a short drive away from the heart of Old Town Scottsdale as well as the Biltmore & Camelback corridor. The community is surrounded by various Arcadia shopping, dining, and entertainment options.
Built in 1964 and renovated in 2015, Mode 39 Arcadia Townhomes consists of 13 mid-century townhome units in a quiet residential neighborhood. All units are individually parceled with two car covered parking spaces with direct access, private patios, and in-suite washer & dryers. The unit mix consists of all 3-bedroom/2.5-bathroom units averaging 1,615 SF with tenants paying all utilities.
“This is a phenomenal property in lower Arcadia...one that the buyer will be proud to own long term” says ABI Vice President Patrick Burch. “It is one of the nicest properties we have worked on and had a ton of interest and sold quickly.”
ABI Multifamily’s John Klocek and Patrick Burch represented the buyer and seller.
The buyer is a Colorado-based private investment. The seller is an Arizona-based private investment firm.
ABI Multifamily (http://www.abimultifamily.com/) is a brokerage and advisory services firm focused 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.