Sandpainter Apartments | 2225 West Indian School Road, Phoenix, AZ 85015 | 116 Units | $10,000,000 | $86,207 Per Unit | $149.08 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ (November 3, 2020) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $10,000,000 / $86,207 per Unit / $149.08 per SF sale of the Sandpainter Apartments, a 116-unit property in Phoenix, AZ.
Built in 1978, Sandpainter consists of 116 garden-style units. The property features attractive unit mix of studio, one, and two-bedroom units that are all individually metered for electricity and have individual HVAC’s & hot water heaters. The property’s community amenities include a swimming pool, clubhouse, laundry facilities, barbecue grills / picnic areas, and covered parking.
The community is located in the West Phoenix submarket minutes from Grand Canyon University. The location also features a short drive from numerous shopping, dining, and entertainment options in Downtown Phoenix and Uptown Plaza. In addition, the Sandpainter apartment community presents ease of access to the I-17 freeway.
ABI Multifamily’s Doug Lazovick, John Kobierowski, Alon Shnitzer, Rue Bax, and Eddie Chang represented the buyer.
The buyers are Arizona-based private investors. The seller is a California-based private investment firm.
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.