Goodyear Commons Land | W-SWC Van Buren & Bullard Avenue, Goodyear, AZ 85338 | $7,000,000 | $9.51 Per Land SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 3, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,000,000 / $9.51 Per Land SF sale of Goodyear Commons, a land deal located in Goodyear, Arizona.
The site consists of 16.9 acres of land, allowing up to 24 units per acre and is located at the southwest corner of the two arterial streets North Bullard Avenue and West Van Buren Street, just south of the I-10 Freeway. Van Buren Street sits within the Transit Oriented Development Overlay area, has a ROW of 110’ and is designated as a major arterial road that provides connections to both Bullard Avenue and Estrella Parkway. Both roads have full diamond interchange access to the Interstate 10, less than one mile to the north. The site is part of an approved PAD project that will foster the creation of jobs and attract new employers to the city. Businesses with high employment density would be encouraged to locate adjacent to Bullard Avenue to leverage high visibility, vehicular access, and a dense core of employment.
Goodyear Commons is located within the fast-developing city of Goodyear, surrounded by numerous economic drivers such as: Chewy, Amazon, Dicks Sporting Goods, Snyder’s of Hanover, numerous data centers, in addition to the Phoenix Goodyear Airport. The site is also near major transportation throughfares such as the I-10 Highway, Loop 303, and US-85 highways
Patrick Burch, Vice President at ABI, said, “This is a phenomenal opportunity for the buyer to get a foothold in the exploding Goodyear submarket. Goodyear continues to be one of the most highly sought-after areas as far as high-density residential land goes, and we are excited to see this buyer move forward with one of his first large development deals in the valley with many more to come soon. We think this should be a very successful project for him.”
ABI Multifamily's Patrick Burch, John Klocek, and Eddie Chang represented the buyer and seller in this transaction.
The buyer and seller are 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.