Thom Slate on Thomas Apartments | 1350 East Thomas Road, Phoenix, AZ 85014 | 130 Units | $16,500,000 | $126,923 Per Unit
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (September 9, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $16,500,000 / $126,923 Per Unit sale of Thom Slate on Thomas Apartments, a 130-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Phoenix-based Institutional Arizona Team - Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick facilitated the transaction.
The Buyer is based in California and the Seller is based in Arizona.
Thom Slate on Thomas is a 130-unit apartment community located within the North Central submarket of Phoenix, AZ. This property enjoys a premium location on East Thomas Road, sitting less than 3.5 miles away from both the Biltmore area and Downtown Phoenix. The ease of connectivity to the entirety of Phoenix through State Route 51, Interstate-17, and Interstate-10 makes this property a choice location for those seeking convenience and an urban lifestyle.
Within a short ten-minute drive, residents enjoy a variety of dining and entertainment options at the Uptown Plaza located at the intersection of Camelback Road and Central Avenue with premium eateries such Postino’s, Lou Malnati’s Pizzeria, Shake Shack, Chula Seafood Uptown, Flower Child, and Federal Pizza. Furthermore, the property is located equidistantly between the Phoenix Country Club and the Phoenix Children’s Hospital, reinforcing the appeal to a wide array of potential renters.
The Thom Slate on Thomas community comprises 130 units spread across seven two-and-a-half-story buildings featuring masonry construction, a stucco exterior, and durable flat roofing. The community rests on approximately 2.73 acres of land, offering a mix of 75 studio and 55 one-bedroom units.
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.