Sun Court Apartments | 5825 East University Drive, Mesa, AZ 85205 | 28 Units | $4,200,000 | $150,000 Per Unit | $195.87 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 10, 2021) –ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $4,200,000 / $150,000 Per Unit / $195.87 Per SF sale of Sun Court Apartments, a 28-unit multifamily apartment property located in Mesa, Arizona.
Built in 1984, Sun Court Apartments is a garden-style, block-constructed apartment community comprised of 7 out of 8 four-unit buildings. The property consists of (14) one-bedroom / one-bathroom units and (14) two-bedroom / one-bathroom units. Unit amenities include in-suite washers and dryers, covered parking, and the option to add private back patios.
Sun Court Apartments is just a few minutes from Superstition Springs Center, the Mesa Pavilions, Arizona Golf Resort and Event Center, and the Dreamland Villa Desert Nature Trail. The property is also a short distance to the Red Mountain and Superstition Freeways, which provide quick access to Banner Desert Medical Center, Mesa Community College, and all the numerous dining, shopping, and entertainment options the East Valley has to offer.
ABI Multifamily's Dallin Hammond, Mitchell Drake, and Carson Griesemer represented the buyer in this transaction.
The buyer is based in Arizona and the sellers are based in Arizona and California.
The buyer is based in and the seller is based in Arizona.
ABI Multifamily (https://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.