COVID-19 Statement from ABI Multifamily

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

Press Release | ABI Brokers $3.05M Apartment Sale in West Phoenix

ABI Press Releases, Arizona, CRE investment, Nathan Bruer, Phoenix Metro, Phoenix MSA multifamily sale, Ryan Smith, Whilshire Place Apartments

Wilshire Place | 6721 North 25th Drive, Phoenix, AZ 85017 | 48 Units | Completed in 1983 | Renovated in 2015 $3,050,000 | $63,542 Per Unit | $90.77 Per SF Wilshire Place | 6721 North 25th Drive, Phoenix, AZ 85017 | 48 Units | Completed in 1983 | Renovated in 2015 | $3,050,000 | $63,542 Per Unit | $90.77 Per SF


PRESS RELEASE
FOR IMMEDIATE RELEASE

Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com

ABI Brokers $3.05M Apartment Sale in West Phoenix



Phoenix, AZ – Dec 7, 2017 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $3,050,000 / $63,542 Per Unit sale of the Wilshire Place Apartments located in Phoenix, AZ. The property is a two-story, garden-style apartment community built in 1983 of block construction with pitched roofs and rests on 1.22 acres. The property boasts an attractive unit mix of 24 – 1 bedroom and 24 – 2 bedroom unit types with a weighted average size of 700 square feet. The property is individually metered for utilities and all 48 units have been fully upgraded with new appliances, maple wood cabinets, granite countertops, and vinyl wood plank floors. Exterior features include a community pool and an attractive and improved courtyard.

Residents of Wilshire Place enjoy excellent access to schools and parks and is in close proximity to the metro light rail and shopping malls. The property is also only three miles from Grand Canyon University, which since 2009, has invested $480 million into the university and has plans to expand its campus to over 25,000 students in the next few years.

The Buyer is a private investor based in California.

The Seller is a private investor based in California.

The multifamily brokerage team of Nathan Bruer, Ryan Smith, John Kobierowski, Rue Bax, Alon Shnitzer, Eddie Chang, and Doug Lazovick represented both the Buyer and Seller in this transaction.

ABI Multifamily is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson 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.