|Number of units||250|
JLL is pleased to present the opportunity to acquire Sedona Ridge
(“Property”), a 250-unit garden-style apartment community situated in the
Ahwatukee Foothills of Phoenix, Arizona. Located west of I-10, off Elliot
Road, Sedona Ridge grants residents immediate access to major retail and
employment centers, as well as numerous recreational amenities. Constructed
in 1989, the Property offers residents renovated, spacious one, two, and three bedroom
floor plans coupled with upscale recently renovated amenities.
As a highly accessible community with luxury interior and exterior finishes
throughout, Sedona Ridge offers investors a unique opportunity to acquire an
institutional quality asset, in a high barrier-to-entry submarket.
- Recent repositioning and capital investment position the property for continued growth
- Competitively priced with opportunity to grow in-place rents
- Established location with high barriers-to-entry and strong demographics
- Excellent area demographics translate to superior multifamily submarket fundamentals
- Educated and skilled workforce benefit from unbeatable accessibility to employment hubs