08 December 2017

Future Transit-Oriented Development: Off-Market MFU Sale on Stapley Drive


From : https://www.linkedin.com
Stapley Place Apartments | 654 South Stapley, Mesa, AZ 85204 | 46 Units | Built in 1985 | $3,300,000 | $71,739 Per Unit | $90.06 Per SF
ABI Multifamily has brokered the $3.3 million sale of a 46-unit apartment community in Mesa, Ariz.
Vice President Ryan Smith, along with Partner Eddie Chang, represented the buyer in the transaction.
They were joined by John Kobierowski, Alon Shnitzer, Rue Bax, and Doug Lazovick.
Located at 654 S. Stapley Drive, Stapley Place has  two-bedroom units only, with an average size of 797 square feet. Each unit has its own HVAC system, while common amenities include a pool, laundry facilities and covered parking. The two-story property was built in 1985.
Stapley Place’s close proximity to major employment options, (such as) Mesa’s Fiesta District and North Tempe, allows the new owner to capitalize on the renter displaced by all the expensive new construction occurring on the interior of Tempe, yet close enough to still benefit from the new job growth of those areas,Smith said in a prepared statement
 
 
 
 
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ABI Multifamily
ABI Multifamily is the Western US's leading brokerage and advisory services firm that focuses exclusively on apartment investment transactions. The experienced 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.
ABI Multifamily

Specialties

Multifamily Brokerage, Commerical Real Estate, Advisory Services, Apartments
  • Website

    http://www.ABIMultifamily.com
  • Industry

    Real Estate
  • Type

    Privately Held
  • Headquarters

    4715 North 32nd Street, Suite 105 Phoenix, AZ 85018 United States
  • Company Size

    11-50 employees
  • Founded

    2013

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