Foothills Villas | 2980 West Foothill Drive, Phoenix, AZ 85027 | 16 Units | $2,940,000 | $183,750 Per Unit | $273.34 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (January 5, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,940,000 / $183,750 Per Unit / $273.34 Per SF sale of Foothills Villas, a 16-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Tyler Bruggman represented the Buyer. ABI Multifamily's John Klocek, and Patrick Burch represented the Seller in this transaction.
Built in 1951 & 1956, Foothills Villas is a 16-unit apartment community located in the dynamic Deer Valley submarket. The property is comprised of a mix of attached and stand-alone “villas”. The apartment building consists of (10) 1-bedroom units, (3) 2-bedroom/1-bathroom units, and (3) 2-bedroom/2-bathroom units. Many of the units have had a variety of updates over the years with 9 of the units including individual washers and dryers and all of the units featuring private yards.
The property is situated just west of the I-17 Freeway and north of Deer Valley Road, which is just northwest of the interchange of the 101 Freeway and I-17. There is also a substantial amount of commercial presence in the area with its proximity to two major freeways, the Deer Valley Towne Center, and Shops at Norterra providing residents a myriad of shopping and dining options in the immediate area.
The buyer is based in California 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.