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
70th Street Lofts | 3425 North 70th Street, Scottsdale, AZ 85251 | 15 Units (Entitled) | $1,375,000 | $91,667 Per Platted Unit | $71.97 Per Lot SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Scottsdale, AZ – November 27, 2018 – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $1,375,000 / $91,667 Per Unit sale of 70th Streets Lofts located in Scottsdale, Arizona. This rare site in Downtown Scottsdale Opportunity Zone is a 15-unit luxury condo development opportunity with full entitlements and designed to be built with net-zero electric energy costs. The site is approximately 0.44-acres and is planned to have all two-bed / two and a half bath units averaging 1,474 square feet. The location sits in the heart of the Downtown / Old Town Scottsdale submarket that is walking distance from Scottsdale Spring Training and The Civic Center Plaza as well as a short trolley ride to Scottsdale Fashion Square and Scottsdale Entertainment District.
“The sellers designed a beautiful project in the heart of Old Town Scottsdale’s booming urban residential expansion. The purchaser will have pride of ownership for years to come.” states Eddie Chang, Partner and co-lead broker on the sale.
The buyer is an Arizona-based investor.
The seller is an Arizona-based development group.
The multifamily brokerage team of Patrick Burch, Eddie Chang and John Klocek represented the 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.