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Phoenix & Southwest  + Phoenix  + Apartments  | 
ABI arranges sale for Dimension on 27th Ave for $50M

West Phoenix Apartment Community Trades for Nearly $50M

ABI arranged the sale of Dimension on 27th Apartment Homes, a 260-unit multifamily apartment community located in Phoenix, Arizona. The sales price came out to be $49,750,000 or $191,346 Per Unit. The ABI Multifamily’s Phoenix-based Institutional Apartment Group led by Alon Shnitzer represented the buyer and seller in this transaction. The buyer is based in California and the seller is based in Arizona.

Dimension on 27th Apartment Homes is a 260-unit garden-style apartment community in the West submarket of Phoenix, Arizona. Built in 1982, the property consists of 23 rental buildings constructed of wood frame and flat roofing, resting on an 8.35-acre site. Common area amenities include a swimming pool, playground, laundry facilities, and on-site maintenance.

The property is situated near Grand Canyon University, which has invested more than $1 billion in infrastructure since 2009. Campus 2022 enrollment is approximately 25,000.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.