Gran Jardin Apartments | 405 & 409 North 40th Avenue, Phoenix, AZ 85009 | 45 Units | $7,145,750 | $158,794 Per Unit | $234.86 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (October 12, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,145,750 / $158,794 Per Unit / $234.86 Per SF sale of Gran Jardin Apartments, a 45-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Carson Griesemer, Mitchell Drake, and Dallin Hammond represented the buyer and seller in this transaction.
Gran Jardin Apartments is a block-constructed, garden-style apartment community built in 1971 and 1975 and located only a short drive from the heart of Downtown Phoenix. The property is comprised of (45) 2-bedroom / 1-bathroom units, which are all individually metered for electricity. Half of the units also feature private, fenced backyards. Community amenities include an expansive courtyard with playground, on-site laundry facility, gated entry, and on-site storage. The property has easy access to the I-10 and 202 Freeways and is a short distance to Downtown Phoenix and 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.