827 South 59th Avenue | 827 South 59th Avenue (Land), Phoenix, AZ 85043 | $3,725,000 | $13.10 Per Land SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (June 17, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,725,000 / $13.10 Per Land SF sale of three parcels located on 827 South 59th Avenue, a land deal located in Phoenix, Arizona. ABI Multifamily's Colin Kreager represented the Buyer.
The buyer is based in New York and the seller is based in Arizona.
The subject site located on 827 South 59th Avenue consists of three parcels of land, zoned I-1, totaling 6.53 acres. These parcels are located just east of the newly constructed extension of the Loop 202, less than two miles south of the interstate-10, and within eight miles of downtown Phoenix. Furthermore 827 South 59th Avenue lies directly within the Southwest Phoenix Employment Corridor, one of the primary hubs of industrial, warehouse, and distribution spaces in the Phoenix metro which features distribution hubs for Target, PetSmart, and Amazon.
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.