Chandler Parc Condominiums | 1287 North Alma School Road, Chandler, AZ 85224 | 31 of 126 Condominium Units | $6,100,000 | $196,774 Per Unit | $222.04 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (August 25, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $6,100,000 / $196,774 Per Unit / $222.04 Per SF sale of Chandler Parc Condominiums, a 31-unit portion of a total 126-unit condominium property located in Chandler, Arizona. ABI Multifamily's Phoenix-based Institutional Apartment Group - Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick represented the seller in this transaction.
Chandler Parc Condominiums is a garden-style, condo-mapped property consisting of 31 out of 126 condominium units. Constructed in 2001, the property is constructed of wood frame and stucco, with pitched tile roofing, and is individually metered for electricity. The unit mix consists of (20) two-bedroom / two-bath units and (11) one-bedroom / one-bath units averaging approximately 886 square feet per unit. Community amenities include swimming pool & spa, tennis court, children’s playground, barbecue grills and picnic area, mature landscaping, and open / covered parking.
All units were originally built as condominiums and feature: Air conditioning / heating, Full-size washer / dryer appliances, patio / balcony, nine-foot ceilings, ceiling fans, and kitchens fully equipped with: Microwave with vent hood, electric oven / stove, refrigerator with icemaker, and dishwasher.
Chandler Parc is conveniently located with direct access to all areas of the Phoenix Valley by way of the Price Freeway (Loop 101) and San Tan Freeway (Loop 202). The property is located near the Price Corridor where several major employers such as: Intel, Safelite, PayPal and Wells Fargo have large facilities; and the Arizona State University Research Park where the following major employers also have facilities: GoDaddy, Amazon, Edward Jones and Walgreens. Furthermore Chandler Parc is located in the heart of Chandler near Downtown Chandler and Chandler Fashion Center which host a vast amount of shopping, dining, and entertainment options such as The Brickyard Downtown, SanTan Brewing Company and El Zocalo Mexican Grill. One of the most historical resorts is nestled in Downtown Chandler, The Crown Plaza Chandler Golf Resort which is adjacent to the public San Marcos Golf Course which was established in 1913 and recently received a multi-million-dollar renovation which is enjoyable for players of all abilities.
The buyer is based in Arizona 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.