ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,650,000 / $17.91 Per Land SF sale of SEC 29th Avenue & Dove Valley Road, a 9.81-acre land deal located in Phoenix, Arizona. ABI Multifamily’s Patrick Burch represented the seller in this transaction. The buyer and seller are based in Arizona.
SEC 29th Avenue & Dove Valley Road is located in the incredibly active Deer Valley submarket in North Phoenix where the massive TSMC chip facility is under development. The TSMC project is one of the most newsworthy commercial projects in the nation with an estimated $40 billion investment which is one of the largest foreign outlays in US history.
In addition to the more than 10,000 construction workers linked to the site, TSMC Arizona’s projects are expected to create an additional 10,000 high-paying high-tech jobs, including 4,500 direct TSMC jobs. The site is also near major transportation throughfares such as the I-17 Highway and Loop 303, providing easy access to all parts of the valley. SEC 29th Avenue & Dove Valley Road is surrounded by numerous economic drivers such as: Honor Heath Medical Center, Gore, the Deer Valley Airport, and industrial hub. Other major employers and retail in the area include Fry’s Marketplace, Mountainside Fitness, Starbucks, AutoZone, and the Deer Valley Town Center (Target, AMC Theaters, Michaels, etc.).
ABI Multifamily is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, 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.
