Canyon Heights Apartments | 550 North Pantano Road, Tucson, AZ 85710 | 196 Units | $33,000,000 | $168,367 Per Unit | $258.01 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 6, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $33,000,000 / $168,367 Per Unit / $258.01 Per SF sale of Canyon Heights Apartments, a 196-unit multifamily apartment community located in Tucson, Arizona. ABI Multifamily's Phoenix-based Institutional Apartment Group - Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick facilitated the transaction.
The seller is based in California.
Canyon Heights Apartments is a 196-unit, garden-style apartment community located in Tucson, AZ. Situated on North Pantano Road in between East Speedway Boulevard and East Broadway Boulevard. A multitude of neighborhood conveniences and services are located nearby such as Walmart Supercenter, Fry’s Food and Drug, Walgreens, The Home Depot, PetSmart, and Chase Bank.
Completed in 1982, Canyon Heights Apartments is constructed of wood frame and stucco with built-up tile roofing. The property features a unit mix consisting of 156 one-bedroom / one-bathroom units and 40 two-bedroom / one-bathroom units. Each unit is individually metered for electricity with individual hot water heaters. Unit interiors feature air conditioning, balcony / patio, ceiling fans, walk-in closets, and kitchens equipped with a dishwasher, garbage disposal, range / oven, and refrigerator. Select units offer a fireplace, and vaulted ceilings. The community dog park, fitness center, swimming pool / spa, laundry facility, clubhouse, business center, barbecue grills, & dedicated leasing office
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, 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.