FOR IMMEDIATE RELEASE – July 9, 2013
Vestis Group Negotiates Sale Of Metro 12 Lofts In Downtown Phoenix
(Phoenix – July 9, 2013) – Vestis Group is pleased to announce the completed sale of Metro 12 Lofts, a 12-unit townhome/loft style multifamily community, located at 620 North 4th Avenue in Phoenix, Arizona, for $2,325,000 / $193,750 per unit.
Triton Properties sold the Metro 12 Lofts Apartments in Downtown Phoenix to a private investment group from Phoenix for $2,325,000. Natan Jacobs and Les Litwin of Vestis Group represented the Buyer in the sale of this Phoenix apartment complex. Brian Tranetzski of Marcus & Millichap represented the Seller. The new owner plans to sell the individual condominium units to owner-occupants.
Metro 12 Lofts is a boutique class ‘A’ 12-unit townhome/loft style community located in the Roosevelt Historic District in Downtown Phoenix, Arizona. Built in 2008, Metro 12 is a rare one-of-a-kind offering of a Santa Barbara-style community located in the heart of Downtown Phoenix. Featuring 12 well-designed, urban style townhome/lofts boasting an average of 1,548 square feet of living space, and interior appointments such as stained concrete floors, hardwood floors, maple cabinets, stainless steel appliances, granite countertops, vaulted ceilings, loft style bedrooms, balconies and small patio-style yards, the community truly provides the luxury living its residents desire. Metro 12 is located within walking distance of the largest employment center and entertainment venues in Arizona, capturing the essence of downtown Phoenix living. Metro 12 contains an in place condo-map providing an investor a unique opportunity to acquire a best in class asset with tremendous upside potential through individual unit sales.
About Vestis Group:
Vestis Group is a leading multifamily 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.
For more information, please visit: www.Vestis-Group.com.