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Sanctuary On 22nd 8530 N 22nd Ave 266 Unit Apartment Building $95,000,000 ($357,143/Unit) Phoenix, AZ 85021
Investment Highlights
- Multifamily property featuring luxurious amenities and an unbeatable location within an Opportunity Zone in North Phoenix
- Property consists of studio, one-, two- and three-bedroom unit types, ranging from 394-1,179 SF.
- On-site resort-style amenities include two pools with cabanas, business center and clubhouse with coffee bar and patio
- Excellent commuter access to I-17, Highway 51, and the Metro Light Rail
Executive Summary
Multifamily property featuring luxurious amenities and an unbeatable location within an Opportunity
Zone in North Phoenix
Property consists of studio, one-, two- and three-bedroom unit types, at $319,500 per unit, ranging from 394-1,179 SF.
On-site resort-style amenities include two pools with cabanas, business center and clubhouse with
coffee bar and patio
Excellent commuter access to I-17, Highway 51, and the Metro Light Rail.
Zone in North Phoenix
Property consists of studio, one-, two- and three-bedroom unit types, at $319,500 per unit, ranging from 394-1,179 SF.
On-site resort-style amenities include two pools with cabanas, business center and clubhouse with
coffee bar and patio
Excellent commuter access to I-17, Highway 51, and the Metro Light Rail.
Property Facts
| Price | $95,000,000 | Lot Size | 10.13 AC |
| Price Per Unit | $357,143 | Building Size | 195,223 SF |
| Sale Type | Investment | Average Occupancy | 87% |
| No. Units | 266 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | M-H - Multifamily | ||
| Price | $95,000,000 |
| Price Per Unit | $357,143 |
| Sale Type | Investment |
| No. Units | 266 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 10.13 AC |
| Building Size | 195,223 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 0.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M-H - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Fireplace
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Tub/Shower
- Walk-In Closets
- Patio
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Pool
- Spa
- Gated
- Grill
- Conference Rooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 145 | - | 632 - 707 |
| 2+2 | 121 | - | 902 - 996 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $168,727 | Total Assessment | $1,289,822 |
Property Taxes
Parcel Numbers
Land Assessment
$168,727
Improvements Assessment
$0
Total Assessment
$1,289,822
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Presented by
Lone Star State Alexander Capital, LLC
Sanctuary On 22nd | 8530 N 22nd Ave
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