Phoenix, AZ. (May 5, 2023) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $10,850,000 / $235,870 Per Unit / $294.85 Per SF sale of Stapley Place Apartments, a 46-unit multifamily apartment community located in Mesa, Arizona. ABI Multifamily's Carson Griesemer, Dallin Hammond, and Mitchell Drake represented the seller in this transaction.
The buyer and seller are based in Arizona.
Built in 1985, Stapley Place Apartments consists of 46 condo-mapped units, all two-bed / two-bath unit types averaging 800 SF each. Renovations to the property include white shaker cabinets, stainless-steel appliances, new countertops, new doors, and more. All units feature in-suite washers and dryers and are individually metered for electricity. The building is constructed of wood frame with stucco exterior and pitched shingle roofing. The community provides its residents with a newly refinished swimming pool and covered & uncovered parking.
Stapley Place Apartments resides in Southwest Mesa, conveniently positioned with easy access to the US 60 and Loop 101 freeways. The community’s location also allows residents immediate access throughout the valley via the Stapley & Main Street light rail station situated within a mile of the property. The property is located near Mesa Community College and is just a short drive to Gilbert’s Heritage District, which hosts numerous dining, shopping, and entertainment options such as The Mesa Amphitheatre, Hohokam Stadium (spring training facility of the Oakland A’s), and more.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.