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10/28/25
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Summers Point, a distinctive 164-unit value-add multifamily community located in Glendale, Arizona's rapidly growing West Valley, traded hands in a recent $20 mil ($122k/unit) transaction. The property was sold by Wealhouse Capital Management.
Summers Point is strategically positioned at 4441 West Bethany Home Rd in a desirable area of Glendale, a city experiencing rapid growth and development with billions of dollars being invested in recent and ongoing projects throughout the region. The property offers excellent proximity to major employment centers, entertainment venues and educational institutions including Grand Canyon University located just 1.32 miles away.
The community was built in 1980 and features 16 buildings across 4.3 acres with a diverse unit mix including studios, one- and two-bedroom apartments averaging 572 square feet. Current ownership successfully renovated 98 of the 164 units, leaving significant value-add potential for future renovations on the remaining 66 units. Renovated units feature premium finishes including white shaker cabinetry with brushed nickel hardware, vinyl wood plank flooring, stainless steel appliances and subway tile backsplashes.
Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke with JLL Capital Markets represented the seller in the deal. JLL also arranged the financing for the transaction.
"Summers Point represented a compelling opportunity to acquire a partially renovated asset within an affordable submarket that is well positioned for future rental increases," said Smuckler. "The property's condition, best-in-class community amenities and significant value-add potential made it an attractive investment opportunity."
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