Phoenix, AZ – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $48,000,000 / $236,453 Per Unit / $307.13 Per SF sale of Canyon Springs Apartments, a 203-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily’s Phoenix-based Institutional Apartment Group – Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick represented the buyer and seller in this transaction.

Canyon Springs Apartments is a 203-unit, garden-style apartment community in Phoenix, Arizona. Built in 1981, the property consists of 11 buildings constructed of wood frame, stucco, and flat roofs resting on a 7.98-acre site. The unit mix consists of 131 one-bed / one-bath units, 40 two-bed / one-bath units, and 32 two-bed / two-bath units with a weighted average of 770 square feet. The property is individually metered for electricity, with individual HVACs & master boilers for hot water. Approximately 40% of the units include washer / dryer hook-ups. Interior amenities include: air conditioning / heating, ceiling fans, patio / balcony, walk-in closets, outside storage, and kitchens fully equipped with a refrigerator, dishwasher, range / oven, and microwave. Community amenities include: two swimming pools, two on-site laundry facilities, dedicated rental office / clubhouse, fitness center, and playground.

The property has convenient access to Interstate-17 and US-51, offering multiple points of access to the greater Phoenix Metropolitan area. The nearby Deer Valley / I-17 Employment Corridor is in close proximity to Canyon Springs and provides a very diverse base of large employers including USAA, Safeway, Honeywell, and PetSmart Global HQ. Additional durable demand drivers include proximity to Arizona State University West Campus, Argosy University of Phoenix Campus, Blue Cross Blue Shield of Arizona, Concerta Medical Center, John C Lincoln Breast Health and Research Center, Affiliated Hospitals, and the Honor Health John C Lincoln Medical Center.

The buyer is based in Arizona and the seller is based in Illinois.

PHOENIX, ARIZONA – Serving others is a tremendous gift, but not just for the people receiving the help. That lesson was learned first-hand by 12 employees from K2 Electric who volunteered to help build a home for a family in Puerto Peñasco, Mexico. In November, these K2 Electric employees joined forces with 1Mission to complete the first phase of a home build.

1Mission is an organization that aims to provide housing for people living without safe and secure shelter by offering rewarding short-term mission trip experiences that honor the local leaders and provide positive, healthy outcomes for the communities in which they serve.

“I gained some good reminders by going – to really understand how much of a need there is for service and hospitality in all corners of our world, the importance of gratitude and thanksgiving for all that I’ve been blessed with, and a re-focus on how I might be able to serve my neighbor in a kind way,” said K2 HR Director Josh Carmichael, who took part in the mission trip. “It was definitely what I expected – hard work, fun, building relationships with the K2 and 1Mission team, and great Mexican food.”

The families selected for this opportunity have dedicated their lives to serving their communities and have positively impacted their neighbors. This gift allows these families to continue their impact without having to worry about shelter.

The K2 Electric team achieved its goal of completing Phase 1 of a home build during their 3-day trip, where they were able to use their building knowledge and talent. The team was able to bond in an impactful way and particularly enjoyed interacting with the local foreman. Members of the K2 Electric party shared that the hardest part of the project was the concrete work to form the outer walls of the home.

The team was moved by the emotional response of all the volunteers during their trip, especially after seeing existing living conditions. K2 walked away with immense gratitude for the experience and plans to attend another trip with 1Mission this spring.

“I was reminded how fortunate I am to have a nice, climate-controlled place to lay my head every night,” said Faron Balone, a Field Operations Manager for K2. “The experience was not what I expected at all. Seeing families happy and content with so little in life made me realize how caught up I am in consumerism. Believe me when I say that changes will be made in my lifestyle.”

The 1Mission experience was exceptional and K2 extends their continued support to this great organization and to the staff that made this trip so enjoyable.

“(1Mission is) very organized in what they are doing – from having a foreman ready to support each crew, to having a schedule of events for teams supporting their work there,” said Carmichael.

For more information on how to support 1Mission please visit https://www.1mission.org//

Tucson, Arizona –Larsen Baker recently brokered the sale of  3815 E Grant Rd. Tucson, AZ  on behalf of the seller, Southern Arizona Association For The Visually Impaired (SAAVI) to Border Chicken AZ, LLC. The property sold for $450,000 ($33 PSF). The new owner intends to build a Church’s Chicken on the site.

Isaac Figueroa with Larsen Baker brokered the sale on behalf of the seller and handled the transaction.

In a separate transaction, Larsen Baker sold the office building at 3350 E Grant Rd in Tucson to SAAVI who will relocate from their Grant & Alvernon headquarters. The asset sold for $2 million ($90 PSF).

Originally founded by two sisters in 1964, SAAVI first began as a social club for visually impaired individuals, and has since grown into a statewide agency serving thousands of visually impaired children, adults and seniors throughout the state of Arizona.

The seller, TRT Grant/Rita Associates, LLC, an affiliate of Larsen Baker, was represented by Isaac Figueroa. The buyer SAAVI, was represented by Gregory Hopley with Colliers.