ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,300,000 / $287,500 Per Unit / $412.19 Per SF sale of Laurie Lane Apartments, an 8-unit multifamily apartment community located in Glendale, Arizona.
ABI Multifamily’s John Klocek and Patrick Burch represented the seller in this transaction. The buyer and seller are based in Arizona.
Built in 1958, Laurie Lane Apartments is an 8-unit, garden-style community comprised of block construction and pitched composition shingle roofs. The two single-story buildings are situated on two parcels of land measuring 0.46 acres. The property features (6) one-bedroom / one-bathroom & (2) two-bedroom / one-bathroom units with an average size of 698 SF. Each unit has new electrical, plumbing, fixtures, cabinets and countertops, flooring, windows, doors, as well as an in-unit washer and dryer. All units are individually metered for electricity and have an enclosed, private outdoor space, along with a large, grassy amenity space out front.
Located in the heart of Glendale, Laurie Lane Apartments is about five and a half miles (little over 10 minutes) to Westgate, home of the Arizona Cardinals and approximately 15 minutes away from Arrowhead Town Center, P83, and the Peoria Sports Complex. It is halfway between Loop 101 to the west and I-17 to the east and is extremely central as it pertains to entertainment, shopping, and restaurant options.
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.
