Avery On the Green contemporary community situated along golf course, 98% leased
Cushman & Wakefield has represented The ConAm Group in the disposition sale of Avery On the Green, a 324-unit Class-A apartment community in Chandler (Phoenix), Arizona. The contemporary multifamily property is located at 125 S Alma School Rd situated adjacent to the Crowne Plaza San Marcos Golf Resort. The property was 98% leased at the time of sale.
Jim Crews and Jeems Lochridge of Cushman & Wakefield’s Multifamily Advisory Group in Phoenix represented the Seller in the transaction.
“The in-fill Chandler location with golf course frontage, combined with unique high -end architectural attributes, make this property an excellent long-term investment,” said Jim Crews, Executive Managing Director. “The Southeast Valley of metro Phoenix, specifically Chandler, is expected to outpace many submarkets with above average rent growth and continued single family home price increases.”
Built in 2000, Avery On the Green is a 29-building community situated on nearly 19 acres and features a desirable mix of one-, two- and three-bedroom apartment units with contemporary floor plans in a townhome environment. The community offers a generous unit amenities package including detached and attached garages, washers and dryers in all units, fully-equipped gourmet kitchens, and private patios and balconies.
Together with its golf course setting, on-site amenities include two swimming pools and spas, grilling areas, and a putting green with gated access.
The location is less than one mile from downtown Chandler with easy access to Loop 101 (Price Freeway), I-10, and Loop 202 (San Tan Freeway). There is also an abundance of retail and dining options nearby, as well as world-class employment generators.