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.