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
Don Carlos Apartments | 1825 East Don Carlos Avenue, Tempe, AZ 85281 | 14 Units | Built in 1979 | $1,764,000 | $126,000 Per Unit | $219.18 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ – September 25, 2018 – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $1,764,000 / $126,000 Per Unit sale of Don Carlos Apartments located in Tempe, Arizona. Built in 1979 and remodeled with a garden-style finish in 2018. Don Carlos Apartments is made up of two, one story buildings constructed from a concrete foundation and a block frame. The property has flat roofs and rests on approximately 0.51-acres. The unit mix consists of (12) one bed / one bath units and (2) two bed / one bath units with an average size of 558 SF. Interior amenities include granite countertops, new black and silver appliances, washer and dryer in-unit, glass tile backsplash, new fixtures and finishes, tile flooring, and white cabinets. The location of the property rests just minutes away from Tempe Town Lake, Mill Avenue Entertainment District, and Arizona State University Tempe Campus.
The buyer is a Colorado based investor.
The seller is an Arizona-based investor.
The multifamily brokerage team of Ryan Smith, Nathan Bruer, Dallin Hammond, Paul Perry and Mitchell Drake represented both the buyer and seller in this transaction.
ABI Multifamily (http://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.