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Multifamily

Glen Court

6002 W Glendale Ave, Glendale, AZ 85301

Listing Price: $3,400,000

Cap Rate
2.77%
Number of Units
23
Price/Unit
$147,826
Price/Gross SF
$235.29
Gross SF
14,450

Investment Overview

GLEN COURT is a 23-unit apartment community located at the heart of the West Valley, recognized as greater Phoenix’s all inclusive growth engine. Positioned in an Opportunity Zone within walking distance of the Glendale City Hall and historic Glendale, Glen Court offers connections to a dynamic live-escape-work environment led by continued development of the Westgate Sports and Entertainment Complex. Glendale’s diverse economic base includes advanced business services, aerospace and defense, education, health care, manufacturing and signature entertainment. Major employers including Honeywell, Bechtel, Delta Dental, AAA, Coca-Cola, Conair, Humana and Blue Cross Blue Shield call Glendale home. Redflex, Progressive Leasing and Lockheed Martin have recently joined the ranks of notable employers. Major employers new to the West Valley include Amazon, Microsoft, HelloFresh, Brooklyn Bedding and the Real Real. Within a 10-mile radius, over 450,000 are employed by these major companies and many others. The rapid growth in employment creates a strong demand for nearby housing. Colleges and universities in Glendale include Grand Canyon University, Glendale Community College, Arizona State University West Campus and Arizona Christian University. Banner Health has three facilities nearby. Constructed in 1981, Glen Court offers floor plans averaging 628 square feet. Future ownership will have the opportunity to upgrade almost all original interiors with an associated renovation premium of $250 per month.

Investment Highlights

  • Long-term ownership. First-generation value-add opportunity.
  • 1981 built. Located in an opportunity zone.
  • Diverse unit mix including studio, one- and two-bedroom floorplans.

Exclusively Listed By

Listing Price: $3,400,000

Cap Rate
2.77%
Number of Units
23
Price/Unit
$147,826
Price/Gross SF
$235.29
Gross SF
14,450

Investment Highlights

  • Long-term ownership. First-generation value-add opportunity.
  • 1981 built. Located in an opportunity zone.
  • Diverse unit mix including studio, one- and two-bedroom floorplans.

Investment Overview

GLEN COURT is a 23-unit apartment community located at the heart of the West Valley, recognized as greater Phoenix’s all inclusive growth engine. Positioned in an Opportunity Zone within walking distance of the Glendale City Hall and historic Glendale, Glen Court offers connections to a dynamic live-escape-work environment led by continued development of the Westgate Sports and Entertainment Complex. Glendale’s diverse economic base includes advanced business services, aerospace and defense, education, health care, manufacturing and signature entertainment. Major employers including Honeywell, Bechtel, Delta Dental, AAA, Coca-Cola, Conair, Humana and Blue Cross Blue Shield call Glendale home. Redflex, Progressive Leasing and Lockheed Martin have recently joined the ranks of notable employers. Major employers new to the West Valley include Amazon, Microsoft, HelloFresh, Brooklyn Bedding and the Real Real. Within a 10-mile radius, over 450,000 are employed by these major companies and many others. The rapid growth in employment creates a strong demand for nearby housing. Colleges and universities in Glendale include Grand Canyon University, Glendale Community College, Arizona State University West Campus and Arizona Christian University. Banner Health has three facilities nearby. Constructed in 1981, Glen Court offers floor plans averaging 628 square feet. Future ownership will have the opportunity to upgrade almost all original interiors with an associated renovation premium of $250 per month.

Exclusively Listed By

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