8530 N 22nd Ave - Apartments FOR SALE


Phoenix, AZ 85021- Metrocenter
$95,000,000 USD
858-251-9643
8530 N 22nd Ave, Phoenix, AZ for Sale
$95,000,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

8530 N 22nd Ave
Phoenix, AZ 85021
Metrocenter


HIGHLIGHTS

  • Premier multifamily property featuring luxurious amenities and an unbeatable location within an Opportunity Zone in North Phoenix.
  • Multiple on-site resort-style amenities include two lavish pools with cabanas, a business center, a renovated gym, and a spacious clubhouse.
  • Sanctuary on 22nd comprises a mix of studio, one-, two-, and three-bedroom unit types, ranging from 394 to 1,179 square feet.
  • Highly accessible location with seamless access to Interstate 17, Highway 51, and Metro Light Rail, providing regional connectivity across Phoenix.

OVERVIEW

Sanctuary on 22nd, located at 8350 North 22nd Avenue in Phoenix, offers an excellent opportunity to acquire a stabilized multifamily property within an Opportunity Zone. With colorful green grounds and sophisticated interiors, these apartments shelter tenants from the city’s bustle in a bubble of upscale comfort while maintaining a connection to nearby amenities. Sanctuary on 22nd offers residents a mix of studio, one-, two-, and three-bedroom units, ranging from 394 to 1,179 square feet. Each layout features generous living spaces that are melded gracefully with two-tone color schemes, newly updated cabinets, and brushed-nickel hardware. The kitchens feature modern layouts, black appliances, and contemporary backsplashes. Each apartment features luxurious vinyl flooring and designer lighting fixtures that create the ideal ambiance for unwinding. Residents have access to numerous on-site resort-style amenities, including two swimming pools with cabanas, a newly renovated fitness center, a business center, a conference room, and a contemporary clubhouse with a coffee bar, fireplace, and a social patio. Residents enjoy direct access to all areas of North Phoenix with easy access to Interstate 17, Highway 51, and the Metro Light Rail. Popular venues like Metro Center Mall, Castles and Coasters, and Christown Spectrum Mall are all close by.

FOR SALE DETAILS

PRICE

$95,000,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

266

PRICE/UNIT

$357,143

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sanctuary On 22nd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

236

LAND DETAILS

LAND ACRES

10.13 AC

LAND SF

441,263 SF

ZONING

M-H

APN/PARCEL ID

158-05-020,158-05-021,158-05-022

ASK ABOUT THIS PROPERTY

Natasha AlexanderLone Star State Alexander Capital, LLCMore Info
858-251-9643

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Natasha AlexanderLone Star State Alexander Capital, LLCMore Info
858-251-9643

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.