Revival on Indian School | 930 West Indian School Road, Phoenix, AZ 85013 | 96 Units | $18,400,000 | $191,667 Per Unit | $184.74 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 28, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $18,400,000 / $191,667 Per Unit / $184.74 Per SF sale of Revival on Indian School, a 96-unit multifamily apartment property located in Phoenix, Arizona.
Built in 1957 with select renovations in 2015+, Revival on Indian School consists of 96 garden-style units. The property features all large two-bedroom units with an average size of 1,038 square feet. Revival on Indian School is a pet-friendly community with two swimming pools, covered parking, outdoor dining areas and barbecue grills. Unit amenities include in-unit washers and dryers, walk-in closets, hardwood floors and upgraded lighting fixtures. Many of the units feature concrete flooring, stainless steel appliances and personal patios as well.
Revival on Indian School is located in North Central Phoenix that is in the midst of strong revitalization. The apartment community is situated in a prime location less than five minutes from the popular Uptown Plaza, Melrose District and Christown Spectrum Mall, all of which host numerous shopping, dining, and entertainment options. In addition, the location is positioned less than a mile from three different light rail stations including the Park-and-Ride.
ABI Multifamily's Phoenix-based Institutional Apartment Group - Alon Shnitzer, Rue Bax, Eddie Chang and Doug Lazovick represented the buyer in this transaction.
The Buyer is Rise48 Equity, a Phoenix-Based Real Estate Firm.
The seller is based in Arizona.
The buyer is based in Arizona and the seller is 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.