Moon Mountain Apartments | 1500 West Thunderbird Road, Phoenix, AZ 85023 | 34 Units | $8,500,000 | $250,000 Per Unit | $265.11 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ (September 2, 2020) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $8,500,000 / $250,000 per Unit / $265.11 per SF sale of Moon Mountain Apartments, a 34-unit property in Phoenix.
Moon Mountain Apartments is located in Northwest Phoenix near the Deer Valley and I-17 employment corridor. The community features a resort inspired swimming pool, an onsite management office, a dog park and ample covered parking.
Built in 2019, Moon Mountain Apartments consists of 34 garden-style units that are individually metered for electricity and hot water. All units are two-bedroom, two-bathroom floorplans that include in-suite washer and dryer and private patios. Other notable interior amenities include shaker cabinets, granite countertops, and modern fixtures and finishes.
Royce Munroe, Vice President at ABI who represented both the Seller and Buyer states, “The Seller was motivated by strong demand for multifamily property, while the Buyer saw an opportunity to purchase a newly constructed and well-appointed property in a solid growth area.”
ABI Multifamily’s Royce Munroe represented the buyer and seller.
The buyer is a California-based private investment firm. The seller is an Arizona-based private 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.