Westwood Manor | 505 West 6th Street, Mesa, AZ 85201 | 10 Units | $2,330,000 | $233,000 Per Unit | $323.61 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 9, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,330,000 / $233,000 Per Unit / $323.61 Per SF sale of Westwood Manor, a 10-unit multifamily apartment community located in Mesa, Arizona. The buyer and seller were represented by ABI Multifamily's Dallin Hammond, Mitchell Drake, and Carson Griesemer.
The buyer is based in California and the seller is based in Arizona.
Westwood Manor is a 10-unit garden-style apartment community located in the Northwest Mesa submarket. Residents enjoy direct access to all areas of the Phoenix Valley by way of the Red Mountain Freeway (Loop 202), Superstition Freeway (US 60), and Price Freeway (Loop 101). Furthermore, the nearby vibrant Downtown Mesa area offers numerous dining, entertainment, and recreational opportunities within an approximate one-mile distance to the community.
The property was built in 1980 with wood frame and stucco construction. The unit mix consists of entirely 10 two-bedroom / one-bath floorplans averaging 720 SF per unit.
Significant employers in proximity to the property include Banner Health, Mesa Riverview, Casino Arizona, Mesa Community College, and East Valley Institute of Technology. The Arizona State University Tempe campus also lies approximately 4.6 miles to the West within an approximate 10-minute drive.
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, 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.