Vestis Group Brokers Multifamily Land Sale In Downtown Tempe Near ASU
FOR IMMEDIATE RELEASE – October 28, 2014
Vestis Group Brokers Multifamily Land Sale In Downtown Tempe Near ASU
(Phoenix – October 28, 2014) – Vestis Group is pleased to announce that brokers Natan Jacobs, Les Litwin and Victoria Miachika have completed the sale of 1.00 Acres of R-3 Zoned Tempe multifamily land, located just north of University Drive, approximately one mile west of Arizona State University in Downtown Tempe, Arizona for $835,000 / $19.17 Per Square Foot.
5th And Hardy LP, an award-winning Canadian multifamily developer, acquired the 1.00 acre parcel located on the northwest corner of 5th Street and Hardy Drive, in Downtown Tempe for $835,000. The site enjoys a superior downtown Tempe location with direct access to all areas of the Phoenix Valley by way of the Red Mountain Freeway (Loop 202), the Pima Freeway (Loop 101), and the nearby Valley Metro Light Rail Transit System. In addition, there are numerous dining and entertainment options in close proximity to the property, including Tempe Marketplace, one of the most popular shopping centers in the Phoenix Metro with 1.3 million square feet of retail space. Significant employers in close proximity to the property include Arizona State University, General Dynamics, U.S. Airways, Amazon, Microsoft, and First Solar. The seller in the transaction was Alfred, Lynn and Pamela Brownd of Scottsdale, Arizona. The vacant single family home existing on the site is slated to be razed to make way for 20 contemporary urban townhomes.
Thinking about investing in Phoenix real estate? Have a property to sell in Arizona? Tell us what you’re searching for. Connect with us to buy, sell, or lease multifamily, residential and commercial real estate in Phoenix, and across Arizona. Let’s work together.
Natan Jacobs, Vestis Group
Call: 602-281-6202
Email: Info@Vestis-Group.com
