Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Attributes

Year Built 2022
Building Area Gross
Land Area Gross ()
Number of units 282
Call for Offers

Asset Description

Alexan Scottsdale (the “Property” or “Alexan”), a newly constructed, 282-unit, core apartment community in Scottsdale, Arizona. Situated directly on Scottsdale Road, Alexan boasts one of the state’s most desirable addresses, in the rapidly expanding South Scottsdale area. This unparalleled location benefits from its close proximity to Downtown Scottsdale and North Tempe, providing residents convenient access to ample employment opportunities and high-end dining and nightlife, which continue to make the city a quintessential lifestyle destination. Developed by Trammell Crow Residential, Alexan’s modern, top-of-the line finishes are accompanied by forward-thinking, state-of-the-art community amenities that are unmatched in the submarket. Alexan Scottsdale offers residents well-appointed and expansive studio, one, two, and three-bedroom floor plans, averaging 894 square feet, featuring oversized islands, wet baths and entryway storage space. The Property showcases a resort-style swimming pool with a tanning ledge and spa, spacious garages with ample storage, community coworking spaces, a clubroom with kitchenette and coffee bar, a fully equipped fitness center, as well as complementary ground floor retail. Scheduled for completion in June of 2022, The Property is offered pre- certificate of occupancy with the expectation of closing within thirty days of receipt of final certificates. Alexan provides investors with the rare opportunity to acquire a trophy multifamily community with an iconic Scottsdale Road address.

Investment Highlights

  • Premiere Product & Location
  • Strong Multifamily Dynamics With Favorable Supply/Demand Fundamentals
  • Unique Acquisition Opportunity
  • Central Location Provides Immediate Access To The Best Of Scottsdale & Tempe
  • Convenient Ease Of Access To The Entire Metro
  • Central Locations With Connectivity To Major Jobbing Corridors
  • Rapidly Expanding Office Market - New Developments
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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