Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2019
Building Area Net
Land Area Net ()
Number of units 240
Occupancy 95.0 %
Call for Offers 2022-04-27

Asset Description

Jones Lang LaSalle has been exclusively retained to arrange the marketing and sale of Senita on Cave Creek. Recently completed in 2019, Senita on Cave Creek delivers a Class A luxury rental community with 240 apartment homes to an undersupplied submarket of the Phoenix Metro. Large, spacious floorplans feature modern interiors with black stainless steel appliances and are complemented by a wide range of amenities, including a resort-style pool with cabanas, a fully equipped 24- hour fitness center with Peloton cycle bikes and a contemporary clubhouse. Situated in North Phoenix, the Property enjoys scenic views of the Phoenix Sonoran Preserve and surrounding mountains while also providing direct access to the Metro’s major freeways and urban centers. Senita on Cave Creek is outperforming both the submarket and broader market as it delivers on a long-awaited modern option to the affluent demographic of the surrounding community.

Investment Highlights

  • Low Density Garden Product In Growing Suburban Location
  • Strong Multifamily Dynamics With Favorable Supply/Demand Fundamentals
  • Elevated Home Prices Generate Continued Renter Demand
  • Excellent Ease Of Access To The Rest Of The Valley
  • Centrally Located With Convenient Access To Primary Phoenix Employment Hubs
  • Close Proximity To The Expected $35B Development By Taiwan Semiconductor Manufacturing
Last Updated Date: 29 Mar 2022

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Last Updated Date: 29 Mar 2022

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