7120, 7126, 7155 North 66th Drive | 7120, 7126, 7155 North 66th Drive, Glendale, AZ 85301 | 12 Units | $1,560,000 | $130,000 Per Unit | $179.48 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 5, 2023) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $1,560,000 / $130,000 Per Unit / $179.48 Per SF sale of 7120, 7126, 7155 North 66th Drive, a 12-unit fourplex community located in Glendale, Arizona. ABI Multifamily's Dallin Hammond, Mitchell Drake, Carson Griesemer, and Colin Kreager represented the buyer and seller in this transaction.
The buyer and seller are based in Arizona.
7120, 7126, 7155 North 66th Drive is located in the South Glendale submarket of Glendale, AZ. Residents enjoy direct access to all areas of the Phoenix Valley by way of the nearby Black Canyon Freeway (Interstate-17), the Agua Fria Freeway (Loop 101), Grand Avenue (Highway 60), Papago Freeway (Interstate-10), and the newly constructed extension of the South Mountain Freeway (Loop 202). In addition, there are numerous dining and entertainment options within close proximity to the property including the Westgate Sports and Entertainment Districts, which encompasses the Gila River Arena and the State Farm Stadium and includes a choice of retail and dining options such as: H&M, Polo Ralph Lauren, Lululemon, Fossil, Cabela’s, Yard House, Dave & Buster’s, Dutch Bros, and Crumbl Cookies.
Built in 1983, 7120, 7126, 7155 North 66th Drive features 12 units in 3 fourplex buildings constructed of wood frame and composite shingle roofs resting on a 0.48-acre site. The unit mix consists of one-bedroom / one-bathroom and two-bedroom / one-bathroom units. Each fourplex boasts a parking lot and on-site laundry. This is a value-add opportunity through interior and exterior renovations.
Significant employers in proximity to the property include the Medical Technology Corridor (Encompassing the Banner Thunderbird Medical Center, Abrazo Arrowhead Hospital, St. Joseph’s Westgate Medical Center), major manufacturers such as Honeywell Aerospace, retail centers such as Arrowhead Towne Center and Westgate Sports & Entertainment District, and educational institutions including the Arizona State University West Campus, Arizona Christian University, and the Glendale Community College network.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, 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.