Tracy Condominiums | 6802 - 6862 N 44th Avenue, Glendale, AZ 85301 | 29 Units | $3,335,000 | $115,000 Per Unit | $121.54 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (August 17, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,335,000 / $115,000 Per Unit / $121.54 Per SF sale of Tracy Condominiums in Glendale, Arizona.
Tracy Condominiums is a garden-style condominium community in Glendale, AZ. Completed in 1972, Tracy Condominiums features 29 out of 37 units constructed of wood frame and brick with flat roofs resting on a 1.5-acre site. The unit mix consists of 29 two-bedroom / one and half-bath units. The property is individually metered for electricity and gas and each unit has its own private back patio. The community amenities include on-site laundry and ample covered parking.
Residents enjoy direct access to all areas of the Phoenix Valley by way of the nearby Black Canyon Freeway (Interstate-17), the Agua Fria Freeway (Loop 101), Grand Avenue (Highway 60), Papago Freeway (Interstate-10), and the newly constructed extension of the South Mountain Freeway (Loop 202). In addition, there are numerous dining and entertainment options within close proximity to the property including the Westgate Sports and Entertainment Districts, which encompasses the Gila River Arena, State Farm Stadium, and the 225-acre Westgate City Center mixed-use development. With over 8 million square feet of office, high-end condominiums, hotels, entertainment, restaurants, and shopping, residents have access to one of the valley’s most choice recreational districts. Significant employers in proximity to the property include the Medical Technology Corridor (encompassing the Banner University Thunderbird Medical Center, Arrowhead Hospital, St. Joseph’s Westgate), Kenyon Plastering Inc, Empire Power Systems, Swift Transportation Co, retail centers such as the Westgate Sports and Entertainment District and Desert Sky Mall, and educational institutions including Grand Canyon University, ASU West, and the Glendale Community College network.
ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the buyer in this transaction.
The buyer is based in Arizona and the seller is based in Arizona.
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.