8880 E Broadway Blvd - Apartments FOR SALE


Tucson, AZ 85710- Ward 2
$21,000,000 USD
602-714-1283
8880 E Broadway Blvd, Tucson, AZ for Sale
$21,000,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

8880 E Broadway Blvd
Tucson, AZ 85710
Ward 2


HIGHLIGHTS

  • 184 Garden-Style Units, Built in 1980
  • Attractive Mix of One (57.6%) & Two-Bedroom (42.4%) Unit Types
  • Individually Metered for Electricity
  • Value-Add Opportunity (Majority Classic Units - 81%)
  • Under Current Ownership Since 2016
  • All Cash / New Loan

OVERVIEW

Green Leaf at Broadway Apartments is a 184-unit, multifamily community located in the Southeast submarket of Tucson, AZ. Situated on East Broadway Boulevard just east of South Camino Seco, the property is located within walking distance to a Walmart Neighborhood Market and Albertson’s, just under eight miles from Davis-Monthan Airforce Base and Saguaro National Park, and approximately one mile to the University of Arizona Campus. A multitude of neighborhood conveniences, services, and entertainment options are located just under four miles to the west at the Park Place Mall which include Round1 Bowling & Arcade, Dillard’s, Cinemark Century movie theater, Total Wine & More, and Yardhouse. Green Leaf at Broadway Apartments features a total of ten two-story buildings built in 1980 resting on a single ±4.35-acre parcel of land. The property features a unit mix which consists of 106 one-bedroom / one-bathroom units and 78 two-bedroom / one-and-a-half bathroom units with a weighted 677 SF average. Interior amenities include master air conditioning / heating, patio and balcony, walk-in closet, ceiling fans, vinyl wood flooring, extra storage, high speed internet, and kitchens fully equipped with refrigerator, dishwasher, oven and range, and garbage disposal. Select units are equipped with fireplaces and microwaves. Community amenities include swimming pool and spa, two laundry facilities, pet park, clubhouse, fitness center, indoor basketball court, barbecue grills and picnic area, and open and covered parking. Significant employers in proximity to the property include Park Place Mall, University of Arizona, Raytheon, Davis-Monthan Air Force Base, and Tucson Medical Center.

FOR SALE DETAILS

PRICE

$21,000,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

184

PRICE/UNIT

$114,130

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Leaf at Broadway

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

252

LAND DETAILS

LAND ACRES

6.65 AC

LAND SF

289,674 SF

ZONING

R-3, Tucson

APN/PARCEL ID

133-31-156A,133-31-159P,133-31-161O

ASK ABOUT THIS PROPERTY

Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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

Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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