COVID-19 Statement from ABI Multifamily

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

Press Release | Off Market Apartment Sale Trades for $110,625/Unit in East Phoenix

ABI Press Releases, apartment investment sale, Arizona, East Phoenix, John Klocek, Patrick Burch, Phoenix Metro, Phoenix MSA multifamily sale, South Arcadia neighborhood

2620-2626-N-46th-St-16x9

PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com

Off Market Apartment Sale Trades for $110,625/Unit in East Phoenix



Phoenix, AZ – July 21, 2017 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $885,000 / $110,625 Per Unit sale of the 46th Street Apartments located in Phoenix, Arizona. 46th Street Apartments is a garden-style, mid-century apartment community which rests on approximately 0.55 acres. The property was built of block construction with pitched roofing. The property is comprised of (2) 1 bedroom and (6) 2 bedroom units with a weighted average size of 914 square feet.

"46th Street Apartments is located right behind the Arcadia Crossing Shopping Center which features Fry's, Target and CostCo among other retailers," states John Klocek, Vice President, who along with Patrick Burch, Vice President, were the lead brokers in representing both the Buyer and Seller in this transaction. According to Patrick Burch, "The buyer saw tremendous value in the property being on the east side of 44th Street/South Arcadia Submarket. The Buyer plans to renovate and reposition the property."

The Buyer is a private investor based in Arizona.

The Seller is a private investor based in Arizona.

The multifamily brokerage team of John Klocek, Patrick Burch, Ryan Smith, Nathan Bruer and Royce Munroe represented the Buyer in this transaction.

ABI Multifamily 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.