The Sophia | 3212 North 70th Street, Scottsdale, AZ 85251 | 25 Units | $10,877,777 | $435,111 Per Unit | $435.11 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (October 11, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $10,877,777 / $435,111 Per Unit / $435.11 Per SF sale of The Sophia, a 25-unit multifamily apartment community located in Scottsdale, Arizona. ABI Multifamily's Royce Munroe represented the buyer and seller in this transaction.
The Sophia is a fully renovated, townhome-style apartment community situated just outside of Downtown Scottsdale. Constructed in 1973 and renovated in 2021, The Sophia is located on a quiet residential street adjacent to up-scale condominiums and townhomes. The property is comprised of (25) 2-bedroom / 1.5-bathroom units which have undergone extensive modern renovations, including white shaker cabinets, quartz countertops, stainless-steel appliances, wood plank vinyl flooring, remodeled bathrooms, modern staircases, and all new doors and fixtures. All units also feature in-suite washers and dryers, keyless entry, front patios, and private backyards with patio space. Community amenities include covered parking spaces and a newly constructed resort-inspired swimming pool.
The Sophia offers a perfect location for both short-term visitors and traditional residents that appreciate its proximity to Scottsdale Fashion Square Mall and the Scottsdale Waterfront. Both shopping centers offer a vast selection of high-end stores, boutiques, restaurants, and cafes including Neiman Marcus, Macy's, Juicy Couture, Gucci, P.F. Chang's, Kona Grill, Creamistry, and Press Coffee. The Sophia is close to Osborn Medical Center, Banner Behavioral Health Hospital, Scottsdale Stadium, and has convenient access to the Loop 101 and 202 Freeways, Arizona State University, and Phoenix Sky Harbor International Airport.
The buyer and seller are 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.