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Multifamily

The Place on Jentilly

1717 S Jentilly Ln, Tempe, AZ 85281

Listing Price: Request For Offer

Number of Units
33

Investment Overview

Ideally positioned inside the North Tempe Submarket, the Valley’s top destination for a live-work-play-learn lifestyle, The Place on Jentilly is a boutique 33-unit multifamily property providing direct access to the thriving economic pillars of the city, as well as the alluring shops and restaurants which create a wonderfully unique entertainment experience. The Property’s centralized location, steps from one of only three grocery stores in the North Tempe submarket, allows for desirable commute times to major thoroughfares presenting access to several employment corridors across the Valley. Just up Rural Road north of the stunning ASU campus is the dynamic presence of ±2,200 businesses and ±75,100 employees highlighted by employers such as State Farm, ADP, and Wells Fargo. The continual economic expansion as evidenced by developments such as 100 Mill, IDEA Tempe Campus, and the NOVUS Innovation Corridor, points toward a solidified future of opportunity. The employee demographics add further exclamation to the power of this submarket, as 70% of residents hold a while-collar job and 44% hold a bachelor’s or graduate degree. In addition to the North Tempe employment opportunities, the property is less than two miles from both Loop 101 and US 60 enabling further reach to powerful employment corridors throughout Scottsdale, Phoenix, Chandler, and Mesa. The Place on Jentilly was constructed in 2016 and is comprised of nine two-bedroom and 24 three-bedroom units averaging 1,452 square feet. Each unit offers a beautifully designed three-story floorplan with an attached two-car garage, while the community offers both a pool and a dog park. This unique investment opportunity grants future ownership the ability to upgrade the unit interiors to top of the line, best in class finishes with an associated $300 rental premium based on pricing achieved at similar properties in the submarket.

Investment Highlights

  • North Tempe's Outstanding Employer Retention & New Company Introduction Stems From the City's Impressive Demographics Supported by 44% of the Population Holding a Bachelor's Degree or Higher
  • Adjacent to North Tempe's Only Safeway Grocery Store, the Property is Presented with a Long-Standing Competitive Advantage Marked by Outstanding Everyday Convenience
  • The Property is Provided with Arizona State University – Main Campus Walkability as well as Offering Expeditious Access to the U.S. 60, Loop 101, and Loop 202

Exclusively Listed By

Financing By

Multifamily

The Place on Jentilly

Investment Highlights

  • North Tempe's Outstanding Employer Retention & New Company Introduction Stems From the City's Impressive Demographics Supported by 44% of the Population Holding a Bachelor's Degree or Higher
  • Adjacent to North Tempe's Only Safeway Grocery Store, the Property is Presented with a Long-Standing Competitive Advantage Marked by Outstanding Everyday Convenience
  • The Property is Provided with Arizona State University – Main Campus Walkability as well as Offering Expeditious Access to the U.S. 60, Loop 101, and Loop 202

Investment Overview

Ideally positioned inside the North Tempe Submarket, the Valley’s top destination for a live-work-play-learn lifestyle, The Place on Jentilly is a boutique 33-unit multifamily property providing direct access to the thriving economic pillars of the city, as well as the alluring shops and restaurants which create a wonderfully unique entertainment experience. The Property’s centralized location, steps from one of only three grocery stores in the North Tempe submarket, allows for desirable commute times to major thoroughfares presenting access to several employment corridors across the Valley. Just up Rural Road north of the stunning ASU campus is the dynamic presence of ±2,200 businesses and ±75,100 employees highlighted by employers such as State Farm, ADP, and Wells Fargo. The continual economic expansion as evidenced by developments such as 100 Mill, IDEA Tempe Campus, and the NOVUS Innovation Corridor, points toward a solidified future of opportunity. The employee demographics add further exclamation to the power of this submarket, as 70% of residents hold a while-collar job and 44% hold a bachelor’s or graduate degree. In addition to the North Tempe employment opportunities, the property is less than two miles from both Loop 101 and US 60 enabling further reach to powerful employment corridors throughout Scottsdale, Phoenix, Chandler, and Mesa. The Place on Jentilly was constructed in 2016 and is comprised of nine two-bedroom and 24 three-bedroom units averaging 1,452 square feet. Each unit offers a beautifully designed three-story floorplan with an attached two-car garage, while the community offers both a pool and a dog park. This unique investment opportunity grants future ownership the ability to upgrade the unit interiors to top of the line, best in class finishes with an associated $300 rental premium based on pricing achieved at similar properties in the submarket.

Exclusively Listed By

Financing By

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