Investment Overview

Hubbell (“the property”) is advantageously positioned to reach the significant submarkets of Arcadia, Tempe, and Scottsdale, all within a manageable commute time. With State Route 143 located less than a mile south of the property, residents have direct access to major thoroughfares providing the ability to reach The Valley’s employment corridors and lifestyle amenities with ease. The Camelback Employment Corridor, at Camelback Road & 44th Street, along with the Novus Innovation Corridor and Lake District of Tempe, are home to a large amount of the most influential and innovative corporations in the metro area. In addition, the property is minutes from the ever-popular and ultra-affluent neighborhoods found throughout Arcadia and Old Town Scottsdale, and less than 10 minutes from one of the largest colleges in the nation, Arizona State University. Hubbell is a three-unit community comprised of two-bedroom floorplans each covering 675 square feet. Each of the units interior, the entire building’s exterior, and large private backyards have been renovated making this property a cash-flowing turnkey asset. Future ownership will have the opportunity to acquire this asset with room to achieve higher rents than in place based on rents by comparable properties in the submarket.