The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 23, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
Phoenix Apartment Sales Comp Comes in at $120k/Unit

2/01/19

Sanctuary on 22nd, a 266-unit apartment community in Phoenix, sold for $31.8 mil ($119.5k/unit) in a recent deal. The property, located at 8530 N. 22nd Ave, was acquired by a private investor.

Built in 1985, Sanctuary on 22nd offers a mix of one- and two-bedroom units, with an average size of 788 sf. Each unit features an oversized patio and full-size washer and dryer. Select units offer a fireplace option.

On-site amenities include two pools, a modern fitness center, clubhouse and business center. The community sits on 10.14 acres situated between Dunlap and Northern Avenues, less than one-half mile from Interstate 17 and a METRO Light Rail station, providing quick connectivity to all parts of the Valley.

John Cunningham and Charles Steele with JLL represented the seller, Laguna Point Properties. According to Steele, Sanctuary on 22nd is a significant value-add opportunity in an area with high demand and minimal new multifamily construction.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media