FOR IMMEDIATE RELEASE – February 25, 2014
Vestis Group Brokers Sale Of 36th Street Apartments In Phoenix AZ
(Phoenix – February 25, 2014) – Vestis Group is pleased to announce that brokers Victoria Miachika, Natan Jacobs and Les Litwin have completed the sale of 36th Street Apartments, a 6-unit multifamily community located near the sought after Arcadia neighborhood of Phoenix, Arizona for $390,000 / $65,000 per unit.
Highway Fourteen, Inc. of Sherman Oaks, California sold the 36th Street Apartments, located at 3151 N 36th Street, near the Arcadia neighborhood of Phoenix to a private Canadian investor from Edmonton, Alberta for $390,000. Victoria Miachika, Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the Buyer in the sale of this Phoenix multifamily property. David Patterson with Quantum Of Arizona in Phoenix represented the Seller.
36th Street Apartments is a 6 unit, garden-style multifamily community located in east central Phoenix. Built in 1955, 36th Street Apartments has a pitched, composition shingle roof and concrete-block construction, single-level buildings. The unit mix is comprised of 4 one-bedroom / one-bath units of approximately 550 square feet, 1 two-bedroom / one-bath units of approximately 900 square feet and 1 three-bedroom / two-bath unit of approximately 1,419 square feet. All the units have spacious kitchens and large closets. Common area amenities include covered parking and laundry facility.
36th Street Apartments enjoys an east central Phoenix location near numerous Valley hotspots, including: The Vig Arcadia, La Grande Orange Grocery, Postino WineCafe, Beckett’s Table, Crudo, Nook, Chelsea’s Kitchen and North Italia. This property has great access to the valley freeway system, the Biltmore and downtown. The property is located in a quiet residential neighborhood one half mile south of Indian School Road along 36th Street allowing easy access to Biltmore shopping, Arcadia restaurants, the Camelback Corridor business district, the Valley freeway system and numerous employers.
About Vestis Group
Vestis Group is a leading Multi Family Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.
Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.
Vestis Group serves multi family owners and investors with a full suite of commercial real estate services, including Buyer Representation, Project Marketing & Sales, Asset Management, Condominium Association Management, Project & Development Services, Research and Consulting.