Vestis Group Completes Sale Of Villa Pacifica Apartments In Phoenix
FOR IMMEDIATE RELEASE – October 28, 2015
VESTIS GROUP COMPLETES SALE OF VILLA PACIFICA APARTMENTS IN PHOENIX
Vestis Group completed the sale of Villa Pacifica Apartments, a 12-unit multifamily community, located at 4207 North 27th Street, in the Biltmore-area of Phoenix for $700,000 or $58,333 per unit.
(Phoenix – October 28, 2015) – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of Villa Pacifica Apartments, a 12-unit apartment complex located at 4207 North 27th Street in the Biltmore-area of Phoenix, Arizona. The multifamily asset commanded a sale price of $700,000 or $58,333 per unit.
The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Les Litwin and Chad Barber worked in conjunction with Jeff Seaman, Derek Smigiel and Brian Smuckler of CBRE, who negotiated the transaction on behalf of the buyer, MODE Apartments of Phoenix, and the seller, Joseph Forman, a private investor from of Pasadena, California.
Villa Pacifica Apartments enjoys a superior east central Phoenix location within close proximity to the prestigious Biltmore-area and Camelback Corridor, Phoenix’s premier upscale shopping, dining and financial district. The area is surrounded by high-profile businesses, luxury resorts and some of the most exclusive homes in the Valley with median home values around $700,000, though many exceed $2 million. The property is situated just south of Camelback Road, less than a mile and a half from the Biltmore Fashion Park, a 535,430-square foot open air regional shopping mall, with notable tenants including: Macy’s, Saks Fifth Avenue, Chanel, Gucci, Prada, Louis Viutton, Fendi, Apple, Crate & Barrel, and Williams Sonoma. Notable area employers include Northwestern Mutual, Merrill Lynch, North Trust Bank, UBS, Alliance Residential Company, Cole Real Estate Investments, Fennemore Craig, Greenburg Traurig, DLA Piper and Cisco Systems, Inc. La Ville Apartments is located approximately 1.7 miles from the State Route 51 (Piestewa Freeway) which connects to Interstate 10 (Maricopa Freeway), Loop 202 (Red Mountain Freeway), providing easy access to Downtown Phoenix, Sky Harbor International Airport, Tempe, Scottsdale, the southeast and southwest Valleys. Built in 1959, Villa Pacifica Apartments is comprised of one (1) one-bedroom / one-bathroom unit and eleven (11) two-bedroom / one-bathroom units. The buildings are constructed of block with pitched roofs. Amenities include onsite laundry facilities, covered parking, private patios and mature landscaping.
“Villa Pacifica is MODE Apartments’ twentieth apartment acquisition in the greater Phoenix market,” says Les Litwin, Principal at Vestis Group, “This Biltmore-area multifamily property will be highly renovated inside and out with luxury finishes, contemporary styling and modern amenities.”
Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios) and income producing single-family investment properties. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartments units, condos, single-family homes and home sites.
About Vestis Group | Phoenix Condo Kings
Vestis Group provides unparalleled service and expertise to both Buyers and Sellers in Arizona’s most sought after neighborhoods, including Arcadia, Biltmore, Camelback Corridor, North Central Phoenix, Downtown Phoenix, Midtown Phoenix, Phoenix Historic Districts, Old Town, Scottsdale, Paradise Valley, Fountain Hills, Tempe, Mill Avenue and Lake District, and Tempe Near ASU. Representing residential property sales throughout Maricopa County including luxury condominiums, lofts, condos, townhomes, single-family homes and investment real estate, Vestis Group is dedicated to the highest standards of professionalism, expertise and client satisfaction.
Vestis Group’s principals, Natan Jacobs and Les Litwin, have sold over 5,600 condos in the Metropolitan Phoenix market, totaling over $295 million in Arizona real estate transactions and have developed, built, rehabilitated, constructed, improved, managed and sold thousands of apartments, condos, homes and home sites.
For more information, please contact Vestis Group at 602-281-6202 or Email Us.
FIND YOUR HOME VALUE | SELL YOUR HOME | SEARCH THE MLS | FIND YOUR DREAM HOME | BUY A HOME | MEET THE TEAM | COMING SOON
It’s great to come across a site that does its job so well. Congratulations and best wishes!
I believe this is one of the so much significant information for me. And i am satisfied reading your article. However wanna commentary on few common things, The web site style is great, the articles is actually excellent : D. Excellent task, cheers
I appreciate, cause I found just what I was looking for. You have ended my 4 day long hunt! God Bless you man. Have a great day. Bye
Hi, Neat post. There’s a problem along with your site in internet explorer, would test thisK IE still is the marketplace chief and a good component to other folks will miss your magnificent writing due to this problem.
Good day! I simply wish to give an enormous thumbs up for the nice information you have here on this post. I will likely be coming again to your weblog for more soon.
Hey I am so glad I found your web site, I really found you by error, while I was looking on Askjeeve for something else, Anyways I am here now and would just like to say thanks for a tremendous post and a all round thrilling blog (I also love the theme/design), I don’t have time to go through it all at the minute but I have saved it and also added in your RSS feeds, so when I have time I will be back to read much more, Please do keep up the superb work.
I simply wanted to appreciate you all over again. I do not know what I might have made to happen without the type of pointers provided by you over such area. It seemed to be a real fearsome setting in my circumstances, nevertheless viewing your specialised strategy you solved the issue forced me to cry for gladness. I will be happy for this guidance and thus believe you are aware of a great job that you are doing teaching many others thru your webblog. I know that you’ve never come across any of us.
Throughout this great scheme of things you receive an A+ just for effort. Where you lost us was on all the particulars. As it is said, the devil is in the details… And it couldn’t be more accurate at this point. Having said that, allow me inform you just what did do the job. The authoring is certainly incredibly engaging and this is most likely the reason why I am making the effort in order to opine. I do not really make it a regular habit of doing that. 2nd, while I can see a jumps in logic you make, I am not necessarily confident of exactly how you seem to connect your ideas which produce the actual final result. For right now I will, no doubt yield to your point however trust in the foreseeable future you actually link your facts better.
I wish to express my passion for your generosity in support of folks that need help with in this subject. Your personal dedication to getting the solution across came to be unbelievably functional and have continually allowed people much like me to arrive at their pursuits. This interesting tips and hints implies a great deal a person like me and extremely more to my office colleagues. Many thanks; from all of us.
Neat blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog stand out. Please let me know where you got your design. Kudos
A formidable share, I just given this onto a colleague who was doing just a little analysis on this. And he in truth purchased me breakfast as a result of I found it for him.. smile. So let me reword that: Thnx for the deal with! But yeah Thnkx for spending the time to debate this, I feel strongly about it and love studying more on this topic. If possible, as you grow to be experience, would you thoughts updating your weblog with extra details? It’s extremely helpful for me. Large thumb up for this weblog put up!
Great mix of humor and insight! For more, visit: READ MORE. What do others think?