Phoenix, AZ. (March 27, 2023) – ABI Multifamily, the leading multifamily brokerage, and advisory services firm in the Western US, is pleased to announce the $14.5 million sale of The Douglas at Goodyear Airport Commons, a 16.91-acre land parcel with fully approved plans for a 307-unit build-to-rent townhome community located in Goodyear, Arizona. ABI Multifamily's Patrick Burch and John Klocek represented the seller in this transaction.
The buyer, UrbanStreet Group, is based in Illinois, and the seller, Blueprint Capital, is based in Washington.
The site consists of 16.91 acres of entitled land at the southwest corner of North Bullard Avenue and West Van Buren Street, just south of the I-10 Freeway. Van Buren Street sits within the Transit Oriented Development Overlay area and is designated as a major arterial road that provides connections to both Bullard Avenue and Estrella Parkway. Both roads have full diamond interchange access to the I-10 Freeway, less than one mile to the north. This shovel-ready site has fully approved plans for a 307-unit build-to-rent townhome community.
The Douglas at Goodyear Airport Commons is located within the fast-developing city of Goodyear, surrounded by numerous economic drivers such as Chewy, Amazon, Dicks Sporting Goods, Snyder’s of Hanover, and numerous data centers, in addition to the Phoenix Goodyear Airport. This site is in the vicinity of the popular Foreign Trade Zone that is attracting large developers and employers such as Microsoft. This site is near major transportation thoroughfares such as the I-10 Freeway, Loop 303, and US-85 highways.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm focusing 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.
