Casa Grande, Arizona – We have many NNN Commercial Real Estate still seeking to purchase triple net lease properties and Apartment Building complexes. We did Property Search for NNN Commercial Real Estate and we checked out Arizona. We found a recent sale of a Commercial Real Estate Investment for a comparable sale. This Apartment Building Investment property is known as the Desert Sands. Desert Sands is a 323-unit Apartment complex in Casa Grande, Arizona. The basis of this area is ideal for all ages who intend on leasing at this location.
Commercial Real Estate Listings
This Commercial Real Estate Property was purchased by a Tucson investment entity for approximately $16.79 mil (which amounts to roughly $52,000 per unit). The Commercial Property Investment, the Desert Sands, is located at 720 West O’Neil Drive, north of I-8 and west of I-10. This Apartment Building is about 50 miles south of sunny Phoenix. This one of the premier commercial properties in this Arizona market place. This Commercial Real Estate development is situated approximately 50 miles from downtown Phoenix.
Garden Style Apartment Buddings Sale
Desert Sands is a fairly new development as it was constructed in 2008. This Commercial Real Estate development is comprised of two-story, garden-style buildings housing a mix of one, two, and three bedroom units with an average size of 948 square feet. This Apartment Complex Community amenities include a clubhouse, lighted basketball court, fitness center, two gorgeous swimming pools, and a playground for children of the Tenants. This Commercial Real Estate development also has a laundry facility for the Tenants. The Commercial Real Estate development is built on approximately 16.79 Acres of Arizona land. These are not some Miami or Los Angeles High Rice apartments with exceptionally high leases. These are comfortable apartments which help the Property Owner achieve a nice Cap Rate.
Arizona Commercial Property For Sale
The Commercial Investment Property has Units which feature balconies or patios with extra storage, washer and dryers, walk-in closets and air conditioning. Desert Sands Apartments have fully-equipped kitchens including dishwashers, microwaves, frost-free refrigerators with ice makers, garbage disposals, and ovens. Casa Grande is approximately 43 miles south of the Phoenix Sky Harbor International Airport (PHX). That easy to access Airport is located at 3400 E Sky Harbor Boulevard in Phoenix, Arizona. The Video above gives a sneak peek of the interior of these apartments for lease.
Contact us to sell your net lease properties, purchase NNN Property or for 1031 exchange replacement property opportunities.
We recommend all Commercial Real Estate Investors use financing specialists. We can offer some qualified Commercial Lenders for CTL Financing, Mezzanine Loans and Commercial Loans.
