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
Yardz on Colter | 1545 West Colter Street, Phoenix, AZ 85015 | 16 Units | $3,050,000 | $190,625 Per Unit | $215.40 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, Arizona – October 25, 2019: ABI Multifamily – the leading multifamily brokerage and advisory services firm in the Western US – is proud to announce the $3,050,000 / $190,625 Per Unit / $215.40 per SF sale of Yardz on Colter in Phoenix, Ariz.
The transaction consists of 16 market rate garden-style units in the West Phoenix submarket, conveniently located near three light stations, including a Park & Ride location, as well as Christown Spectrum mall and numerous other shopping, dining and entertainment options. The property is one mile from Interstate 17, and Grand Canyon University lies 2.5 miles to the southwest.
Built in 1965 and fully renovated in 2018-2019, the 100% two-bedroom/one-bath community features kitchens with stainless steel appliances, wood-look vinyl flooring throughout, contemporary bathrooms, modern finishes and interior washers and dryers.
ABI Multifamily VP Royce Munroe represented the Seller.
“This is a rapidly modernizing submarket with a great deal of appeal for both new and established households,” Munroe said. “The Seller’s investment in modernizing the property while maintaining its historically unique identity created a turnkey environment for the Buyer to begin realizing immediate value from the investment.”
The Buyer is private investment firm based in California. The Seller is an Arizona-based private multifamily investment firm.
ABI Multifamily (http://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.