Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1988
Building Area
Land Area ()
Number of units 250

Property Description

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.


Investment Highlights

  • 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


Last Updated Date: 23 Apr 2021
Mike Higgins
Mike Higgins
Director, Capital Markets
License details
IL-475.156313
John Cunningham
John P. Cunningham
Managing Director, Capital Markets

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+6620260615
Last Updated Date: 23 Apr 2021

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