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Multifamily

Northern Palms Portfolio

2835 W Northern Ave, Phoenix, AZ 85051

Listing Price: $25,000,000

Number of Units
95
Price/Unit
$263,158
Price/Gross SF
$399.36
Gross SF
62,600

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to acquire the Northern Palms multifamily portfolio, a 95-unit community located in Phoenix’s developing West Valley. Less than one mile west of the I-17 (Black Canyon Freeway), the two properties are within a high concentration of jobs and redevelopment, with ample access to all parts of the Valley including downtown Phoenix, Phoenix Sky Harbor International Airport, and the Black Canyon Corridor. With over 40 percent of Maricopa County residents living in the West Valley, job growth and integration has skyrocketed in the last several years. Located near Christown Spectrum Mall, the $750 million dollar Metrocenter mall redevelopment, and popular retail chains such as Albertson’s, Food City, Walmart, and Lowe’s serving this neighborhood, an astute investor will have the ability to take advantage of a very popular up-and-coming submarket.

Investment Highlights

  • 95-Unit Value-Add Opportunity in the West Valley
  • 4.07 total AC with space for additional buildable units
  • One mile west of I-17

Exclusively Listed By

Multifamily

Northern Palms Portfolio

Listing Price: $25,000,000

Number of Units
95
Price/Unit
$263,158
Price/Gross SF
$399.36
Gross SF
62,600

Investment Highlights

  • 95-Unit Value-Add Opportunity in the West Valley
  • 4.07 total AC with space for additional buildable units
  • One mile west of I-17

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to acquire the Northern Palms multifamily portfolio, a 95-unit community located in Phoenix’s developing West Valley. Less than one mile west of the I-17 (Black Canyon Freeway), the two properties are within a high concentration of jobs and redevelopment, with ample access to all parts of the Valley including downtown Phoenix, Phoenix Sky Harbor International Airport, and the Black Canyon Corridor. With over 40 percent of Maricopa County residents living in the West Valley, job growth and integration has skyrocketed in the last several years. Located near Christown Spectrum Mall, the $750 million dollar Metrocenter mall redevelopment, and popular retail chains such as Albertson’s, Food City, Walmart, and Lowe’s serving this neighborhood, an astute investor will have the ability to take advantage of a very popular up-and-coming submarket.

Exclusively Listed By

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