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
Capri | 6847 East 4th Street, Scottsdale, AZ 85251 | 13 Units | $2,600,000 | $200,000 Per Unit | $250.41 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, Arizona – August 1, 2019: ABI Multifamily – the leading multifamily brokerage and advisory services firm in the Western U.S. – is proud to announce the $2,600,000 / $200,000 Per Unit / $250.41 Per SF sale of Capri in Scottsdale, Ariz.
Capri is a 13-unit garden-style, condo-mapped community located in the South Scottsdale submarket. It is conveniently located near Old Town Scottsdale, Scottsdale Fashion Square and the Scottsdale Waterfront.
Built in 1959 and subject to multiple renovations and updates, including roof replacements from 2016-2018 and air conditioner replacements in 2019, Capri retains the flair and charm of its original Mid-century Modern architecture.
ABI Multifamily’s Royce Munroe represented both the Buyer and the Seller.
"The Seller, a 30-year veteran multifamily investor, chose to exit his position in the face of strong pricing," Munroe said. "The Buyer, an Arizona real estate developer, is excited to own the Capri as a legacy asset in an exceptional Scottsdale location that continues to improve and enjoys stellar rent growth and occupancy levels."
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.