SUMMERHILLapartments

F O R S A L E

1 3 0 U N I T S

P H O E N I X , A Z

Address 2925 N. Greenfield Road

Phoenix, AZ 85016

County Maricopa

Total Units 130

Year Built 1970

Number of Buildings 8

Number of Stories 3

Rentable SF 97,040

Average Unit Size 746 SF

Lot Size ±2.61

Units Per Acre 49.87

Parking Spaces 180

Spaces Per Unit 1.38

Cushman & Wakefield’s Southwest Multifamily Advisory Group is pleased to present the exclusive listing of the 130-unit Summerhill apartment community centrally located in Phoenix, Arizona. This asset is situated in a desirable and strategically located neighborhood between Central Phoenix and Scottsdale. Built in 1970, Summerhill represents an outstanding opportunity to invest in a strong location at a price below comparable sales.

OFFERING

1GARDEN STYLE COMMUNITY Built in 1970 with contemporary, well-designed and functional floorplans. High quality upgrades and aesthetic touches.

2DESIRABLE LOCATIONNear the convergence of SR-51 (Piestewa Freeway), Loop 202 (Red Mountain Freeway) and Interstate 10.

3STRONG URBAN PLACEMENT Situated at the crossroads between the Biltmore, Arcadia, Midtown, and Downtown neighborhoods of Metro Phoenix.

4OPERATIONAL UPSIDE Property possesses a loss-to-lease with recent rent rate increases and could benefit from exterior upgrades to enhance curb appeal.

5NEAR-BY RECREATION Baseball at Chase Field (home of the Arizona Diamondbacks), outdoor activities at Encanto Park, hiking at Piestewa Peak or Camelback Mountain.

6EMPLOYMENT GENERATORS World-class employment generators in the immediate area: Bank of America, Charles Schwab, Wells Fargo, Cisco Systems, and Medtronic Microelectronics.

HIGHLIGHTS

UNIT MIX SUMMARYTYPE UNITS SF TOTAL SF RENT/UNIT RENT/SF

1BD/1BA 64 650 41,600 $650 $1.00

2BD/1BA 66 840 55,440 $770 $0.92

Total/Avg. 130 746 97,040 $711 $0.95

COMMUNITY AMENITIES• 2 Swimming pools

• 2 Laundry facilities

• Covered parking

• Sundeck

• Adjacent to Grand Canal fitness trail

• Convenient to shopping, employment, and schools

• Easy access to SR-51, Loop 202, and I-10

UNIT FEATURES• Gourmet kitchens with stainless

steel appliances including dishwashers

• Updated cabinetry

• Granite countertops

• Ceramic tile flooring

• Walk-in closets

• High-speed cable & internet

CUSHMAN & WAKEFIELD2555 E. CAMELBACK RD SUITE 300PHOENIX, AZ 85016www.cushmanwakefield.com

BRETT POLACHEKSENIOR DIRECTOR+1 602 229 5989brett.polachek@cushwake.com

SOUTHWEST MULTIFAMILY ADVISORY GROUP

JIM CREWSEXECUTIVE MANAGING DIRECTOR+1 602 229 5992jim.crews@cushwake.com

SUMMERHILL

GRAND CANAL TRAIL

PHOENIX COUNTRY CLUB

PHOENIX CHILDREN’S HOSPITAL

ABRAZO ARIZONA HEART HOSPITAL

51

DOWNTOWNPHOENIX

NORTH HIGH

SCHOOL

MIDTOWN

RI INTERNATIONAL

PHOENIX SKY HARBOR INTERNATIONAL

AIRPORT

BANNER - UNIVERSITY MEDICAL CENTER

E THOMAS ROAD