Vestis Group Acquires Metro 12 Lofts In Downtown Phoenix For $2.3M

Vestis Group Acquires Metro 12 In Phoenix

Vestis Group Acquires Metro 12 In Phoenix

Vestis Grp Acquires Metro 12 In Phoenix | Triton Sells 12 Units For $2.3M

By Shane Beyer | CoStar Group

Vestis Group, a multifamily investment group, purchased the 12-unit Metro 12 multifamily community at 620 N. 4th Ave. in Phoenix, AZ from Triton Properties, Inc. for $2.33 million, or about $194,000 per unit.

Brian Tranetzki of Marcus & Millichap Phoenix represented the seller, while Vestis Group self-represented.

“Metro 12 is a Santa Barbara-style community located in the heart of Downtown Phoenix. It features 12 well-designed, urban style townhome/lofts boasting an average of 1,548 square feet of living space, and interior appointments such as stained concrete floors, maple cabinets, stainless steel appliances, granite countertops and vaulted ceilings,” says Tranetzki. “Redevelopment in the downtown area will continue to spur growth, provide jobs, and attract students as well as young professional’s further improving demand for housing within the submarket. This is evidenced by the recent announcement that Arizona State University will move its law school, ASU’s Arizona Center for Law and Society, to downtown adding nearly a $120 million investment to the area along with adding as many as 1,000 new ASU law students downtown,” continues Tranetzki.  – more at costar.com

 

Search Phoenix Multifamily For Sale

Search Arizona Condos/Lofts For Sale

 

 

 

7 replies
  1. belföldi fuvarozás Europa-Road Kft. says:

    Whats up very cool website!! Guy .. Excellent .. Superb .. I’ll bookmark your website and take the feeds also…I’m glad to seek out a lot of helpful info here within the post, we’d like work out extra strategies on this regard, thank you for sharing. . . . . .

  2. zortilonrel says:

    A formidable share, I just given this onto a colleague who was doing a bit of evaluation on this. And he in actual fact bought me breakfast as a result of I found it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love reading extra on this topic. If potential, as you turn into expertise, would you thoughts updating your weblog with extra particulars? It is highly useful for me. Big thumb up for this blog post!

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.