Doug Fielding of Marcus & Millichap's Phoenix office brokered the deal for seller Scott Keller of Bountiful and buyer. The Silver Tree Apartments is located at 4336 N. 35th Ave., on the northwest corner with the Indian School Road intersection. The complex is about a mile west of Interstate 17. Nearby amenities include Grand Canyon University, which is less than a mile away, Phoenix College and Chris-Town Mall.
West Phoenix's average vacancy rate is about 6.9% in comparison to the Valley's overall average of 6.6%. Apartments in the submarket are fetching about $512 per month whereas the Valley average is $668.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
