Coronado Square | 1808 North 31st Street, Phoenix, AZ 85008 | 10 Units | $2,050,000 | $205,000 Per Unit | $259.49 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (March 29, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,050,000 / $205,000 Per Unit / $259.49 Per SF sale of Coronado Square, a 10-unit multifamily apartment community located in Phoenix, Arizona. The Buyer and Seller were represented by ABI Multifamily's Carson Griesemer, Dallin Hammond, and Mitchell Drake.
Built in 1972, Coronado Square is a garden-style property consisting of 10 units featuring an attractive unit mix of 8 two-bedroom / one-bathroom units and 2 one-bedroom / one-bathroom units with a weighted average of 790 square feet. Each unit is individually metered for electricity. Property amenities include an on-site laundry facility in addition to covered parking.
The property sits less than four miles from the Biltmore area, five miles northeast of Downtown Phoenix and is within close proximity to the prestigious Arcadia neighborhood area. Residents enjoy a premium, central location with direct access to all areas of Phoenix by way of Interstate 10, Loop 202 and State Route 51. Immediate neighborhood conveniences and services include Walgreens, Walmart Supercenter, Fry’s Food and Drug, Target, Costco Wholesale, CVS Pharmacy and Chase Bank.
The buyer is based in California and the seller is based in New York.
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.