The Harlow Apartments | 1917 East Broadway Road, Tempe, AZ 85282 | 27 Units | $4,975,000 | $184,259 Per Unit | $242.09 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ (October 29, 2020) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $4,975,000 / $184,259 per Unit / $242.09 per SF sale of The Harlow, a 27-unit property in Tempe.
Renovated in 2019, The Harlow is a 27-unit garden-style apartment community that feature modern interior finishes that include quartz countertops and stainless-steel appliances. The majority of units are 850 square foot two-bedroom / one and a half-bathroom townhome style layout. The rest are one-bedroom / one-bathroom and two-bedroom / two-bathroom units. All units include in-suite washer & dryer, private balconies, and are individually metered for electricity & hot water. Community amenities include: Controlled access, dog park, dedicated leasing office and a swimming pool.
The Harlow is located in close proximity to Arizona State University and the famed Mill Avenue that offers numerous shopping, dining, and entertainment options. The location also features ease of access to the nearby transportation corridors of the Loop 101 & 202 highways.
Alon Shnitzer, Senior Managing Partner at ABI, said “The Harlow presents the buyer with a tremendous opportunity through a prime location within a 5-minute drive from Arizona State University and the vibrant Mill Avenue downtown area. In addition, the city of Tempe has over $47 Billion in total development underway in a city that is continuously growing year after year.”
Rue Bax, Senior Managing Partner at ABI, said “A plethora of major employers like State Farm, Medtronic, and JPMorgan Chase in the Financing, Manufacturing, and Information Technology sectors reside in the Tempe market. The Harlow features a short commute from the popular Marina Heights employment hub and other major employers.”
ABI Multifamily’s Alon Shnitzer represented the buyer. ABI Multifamily’s Rue Bax and Royce Munroe represented the seller.
The buyer is a Washington-based private investment firm. The seller is an Arizona-based private investment firm.
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.