Vestis Group Completes Sale Of Wilson Apartments In Downtown Tempe
FOR IMMEDIATE RELEASE – October 8, 2014
Vestis Group Completes Sale Of Wilson Apartments In Downtown Tempe
(Phoenix – October 8, 2014) – Vestis Group is pleased to announce that brokers Natan Jacobs, Les Litwin and Victoria Miachika have completed the sale of Wilson Apartments, a 13-unit multifamily community located in highly sought after Ash neighborhood, near Arizona State University, in Downtown Tempe, Arizona for $950,000 / $73,077 per unit.
Hinson Management LLC of Scottsdale, Arizona sold Wilson Apartments, located at 1029 S Wilson Street, in Downtown Tempe to a private Canadian investment group from Vancouver, British Columbia for $950,000. Natan Jacobs, Les Litwin and Victoria Miachika with Vestis Group in Phoenix represented the Buyer in the sale of this Tempe multifamily property. Terry Kass with Caliber Realty Group in Scottsdale represented the Seller.
Wilson Apartments is a 13-unit, single-level, garden style apartment community located in the desirable Ash neighborhood in downtown Tempe. Built in 1978, the property is made of frame construction with flat roofs and is individually metered for electricity. The unit mix is comprised of 13 one-bedroom / one-bath units of approximately 495 square feet. The property is situated on approximately 0.46 acres and is zoned R-3 by the City of Tempe. Community Amenities include 20 uncovered parking spaces, on-site laundry facilities, and mature landscaping.
Wilson Apartments is located at 1029 S Wilson Street in Tempe, Arizona, southwest of the corner of University Drive and Mill Avenue. The property is situated about four blocks from ASU campus and is highly sought after by students who would rather walk or bike to class than pay to park on campus. Wilson Apartments is within walking distance to Arizona State University, Mill Avenue, Tempe Town Lake, Orbit Shuttle and the Valley Metro Light Rail. The property is situated in a residential neighborhood within close proximity to the Loop 202 Freeway, allowing easy access to Sky Harbor International Airport, Downtown Phoenix, Scottsdale, Mesa, the valley freeway system and numerous employers.
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.
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Vestis Group serves multifamily owners and investors with a full suite of commercial real estate services, including Buyer Representation, Tenant Representation, Project Marketing & Sales, Asset Management, Project & Development Services, Research and Consulting.
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