The new multifamily community has 56 units
PHOENIX – October 4, 2023 – CBRE has facilitated the sale of the new 56-unit Landmark on 67th in Peoria to LM67 LLC for $16.23 million, or $289,857 per unit.
"Landmark on 67th provides the buyer with a rare opportunity to acquire a brand-new low-density community well positioned for long-term growth in a rapidly developing submarket," said Mr. Smuckler, CBRE's executive vice president.
The Class A community, located at 9160 North 67th Avenue, was completed in 2022. All of the property's units are two-bedroom and two-bath floor plans, each averaging 1,100 sq. ft. The interior units feature contemporary finishes, including stainless steel appliances, white shaker-style cabinetry, quartz countertops and subway tile backsplashes.
The community is situated on 4.11 acres and spread across seven two-story buildings. The community features a leasing office, swimming pool and spa, Cabana-style seating, fitness center, covered playground and a dog park. Landmark on 67th is situated near the central business district and the Westgate entertainment mixed-use development. The location is minutes east of the Loop 101 and State Route 60.