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West Phoenix Apartments Trade from One AZ Owner to Another
ABI Multifamily arranged the sale of Sandpainter Apartments, a 116-unit multifamily apartment community located at 2225 W. Indian School Rd. in Phoenix. The property traded for $27,260,000, or $235,000 per unit. Buyer and seller are both based in Arizona.
An ABI Multifamily Institutional Apartment Group team of Alon Shnitzer, Rue Bax, Eddie Chang and Doug Lazovick represented the buyer and seller.
Situated on West Indian School Road, the property sits less than six miles from the Biltmore area and approximately four miles north of Downtown Phoenix. Residents have direct access to all areas of Phoenix by way of the Interstates 17 and 10 and State Route 51.
Significant employers near the property include the numerous companies located in Midtown, Downtown, and the Camelback Corridor, as well as Banner Health, St. Joseph’s Hospital, U-Haul International, Wells Fargo, JP Morgan Chase, and Phoenix Children’s Hospital.
- ◦Sale/Acquisition

