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Shovel-Ready Multifamily Development Project

Indian School Apartments1320 W. Indian School RoadPhoenix | AZ | 85013

Exclusively Marketed byPRAEDIUM Advisors

Victor AllisonPresident

602 [email protected]

and

Rich Rose602 309.1007

[email protected]

Offered UnPriced | Will Joint Venture P

RÆD

IUM

Adv

isor

sBuy With or Without Construction Docs

Click Here to Play aShort, Introductory Video

https://bit.ly/2D1uJJO

2


1320 W. Indian School Road | Phoenix | AZ | 85013

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S I T E155-40-131B

Right In | Right OutLeft In | Left Out

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KellyPaper

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Location and Physical

Characteristics:

Trade Area Highlights:



1320 W. Indian School Rd is an infill, 2.01± acre multi-family (zoned R-5), shovel-ready site in central Phoenix. Zoning, entitlements, and approved plans are in place for a 3 storey, 81 unit, podium-style, multi-family project consisting of: • 63 - 2 BR x 2 BA units @ 1027 SF • 18 - 3 BR x 2 BA units @ 1418 SF • Swimming Pool w/Showers & Restrooms • Picinc Ramada w/BBQ • Children’s Play Area w/Ramada • Perimeter Walking Path

The Subject Parcel can be sold with or without the full set of approved construction documents. Two construction bids for the plans came in at $120± PSF

Opportunity to condo map the project for an additional exit strategy.

Construction can begin using the approved plans upon obtaining a Building Permit from City of Phoenix.

Property is in a great infill residential area with easy access to downtown, shopping, restaurants, sporting venues and major employers via the light rail, and nearby freeways. Median household income of $44,100 within 1 mile radius of property.

Population of 24,000± within 1 mile radius of property composed of 10,500+ individual households. Strong need and desire for Class A apartment/condo product in immediate area. Population of 181,000± and 490,000± within 3 mile and 5 mile radius of property.

Great employment opportunities within a 1 mile radius of the Subject Property particularly in the Health Care & Social Assistance and the Scientific & Technology sectors.

Convenient to: • Start of Melrose District (0.4± miles) • Park Central Mall (1.5± miles) • Central Avenue & Light Rail (1.1± miles) • Interstate 17 (1.4± miles) • Grand Canyon University (2.5± miles) • State Highway 51 (2.6± miles) • Downtown Phoenix (3.7± miles) • Natural Grocers (0.5± miles) • Clarendon Elementary School (0.3± miles) • Osborn Middle School (1.0± miles) • Brophy College Prep. (1.6± miles) • Xavier College Prep. (2.3± miles)

Offer

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Owner:

Address:

Zoning:

Site Area:

Tax Assessor’s Parcel # and

Property Taxes:

Price:

Joint Venture:Opportunity

Additional:Purchase

Opportunity

Copper Developments, LLC2401 E. Elm StreetPhoenix, AZ 85016


R-5 Multifamily Residence District

87,539± SF or 2.01± acres

155-40-131B $6,089±

Unpriced | Make an Offer | Call for Offers on October 15, 2018

Owner may contribute the site to a Joint Venture | Propose Terms

The 0.81± acre parcel immediately East of the Subject Property (MCR #155-40-130B) which fronts on Indian School Road and has a 10,000± SF building that is currently leased to Kelly Paper (3 year term + one 3 year option) is owned by the same Owner as the Subject Parcel. It can be delivered with the Subject Property.

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2 BR / 2 BA Plan 3 BR / 2 BA Plan63 Units @ 1,027± SF 18 Units @ 1,418± SF

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Indian School Apartments1320 W. Indian School RoadPhoenix | AZ | 85013

Exclusively Marketed byPRAEDIUM Advisors

Victor AllisonPresident

602 [email protected]

and

Rich Rose602 309.1007

[email protected]

Offered UnPriced | Will Joint Venture P

RÆD

IUM

Adv

isor

sBuy With or Without Construction Docs

Click Here to Request theFull Offering Memorandum

mailto:[email protected]?subject=Send Indian School Apts. OM

click here to play a short, introductory video · 3 shovel-ready multifamily development project...

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