Dobson 2222 Apartments | 2222 South Dobson Road, Chandler, AZ 85224 | 258 Units | 2007 Construction
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (August 31, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the sale of Dobson 2222 Apartments, a 258-unit multifamily apartment community located in Chandler, Arizona. ABI Multifamily's Phoenix-based Institutional Apartment Group - Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick facilitated the transaction.
The buyer, Sares-Regis Multifamily Funds, is based in California. The seller is also based in California.
Dobson 2222 Apartments is an exceptional value-add opportunity consisting of 258 garden-style units, completed in 2007. The property is constructed of wood frame, stucco, and pitched tile roofs resting on approximately 15.06-acres. The unit mix consists of 110 one-bed / one-bath units, 132 two-bed / two-bath units, and 16 three-bed / two-bath units with a weighted average of 996 square feet. Interior amenities include: air conditioning / heating, full-size side-by-side washer & dryer, ceiling fans, patio / balcony, walk-in closets, high-speed internet access, and fully equipped kitchens. Community amenities include a clubhouse, fitness center, dog park, two swimming pools and spas, garage and carport parking, parcel storage, and fully gated entry. Residents enjoy direct access to all areas of the Phoenix Valley by way of the San Tan Freeway (Loop 202) and Price Freeway(Loop 101).
The property is surrounded by a multitude of local area amenities and points of interest. The Downtown Chandler area offers numerous dining, entertainment, and recreational activities minutes from the community. The evening vibe in Downtown Chandler is led by local dining favorites such as: The Brickyard Downtown, SanTan Brewing Company, and El Zocalo Mexican Grill. Dobson 2222 Apartments is also located near the Chandler Fashion Center, boasting more than 185 stores, 20-plus restaurants, and a variety of entertainment outlets, as well as the SanTan Village Marketplace, which has 25-plus retailers and restaurants. Just south of the property lies the master-planned Ocotillo community, a residential neighborhood which houses the Ocotillo Golf Club. The Ocotillo Golf Club offers 27 holes across three lake-dotted courses surrounded by scenic resort-style apartment complexes, waterways, and the winding trails of Serenity Bend Park. Chuparosa Park which lies adjacent to Dobson 2222 provides residents easy access to a family-friendly community space with playgrounds, basketball & volleyball courts, in addition to a running track.
The property is located near the Price Corridor where several major employers such as: Intel, Safelite, 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, Dobson 2222 Apartments is near the Chandler Municipal Airport, one of the nation’s 50 busiest general aviation airports.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, 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.