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1456 E 9th St - Acacia Lofts
28 Unit Apartment Building Offered at $4,900,000 in Casa Grande, AZ
• Full improved gated community with all the infrastructure in place for another 152 condo size units or 243 apartment size units
• Condo size units with an average of 1,622sqft
• All 28 units are 100% occupied and historically stay 100% occupied
• Immediate cashflow from the rental of the 28 units
• Option to immediately sell off the 28 individual units
• Community pool, playground, volleyball court and gazebos with BBQ grills already built
• Casa Grande recently announced 32,000 new jobs and 0ver $5B in Capital Invested from Lucid Motors, Nikola Motors, Attesa Motorsports, Dreamport Villages, and PhoenixMart
• Entire submarket occupancy is 95%+
• 2008 is the newest deal in the market with no new construction currently planned = sweet spot for optimal rental growth/lease up on first new project delivered
• Great walkability to Starbucks, Lowes, Homedepot, Walgreens, plus other retailers and restaurants
• Strategically position directly between Phoenix and Tucson with only approx. 30 minute drive to either major city
• Medium housing prices have increased 9% in Casa Grande over the past 12 months
• 20% population growth in Pinal County from 2010 – 2018
• Lucid Motors has recently submitted their site plan to the Casa Grande Planning and Development office for construction on their manufacturing plant.
|Price||$4,900,000||Lot Size||15.11 AC|
|Sale Type||Investment||Building Size||44,140 SF|
|No. Units||28||Average Occupancy||100%|
|Property Type||Multifamily||No. Stories||2|
|Property Sub-type||Apartments||Year Built||2008|
|Apartment Style||Garden||Parking Ratio||0.33/1,000 SF|
Unit Mix Information
|Description||No. Units||Avg. Rent/Mo||Sq. Ft.|
|2+2||20||Negotiable||1,392 - 1,498|
- Air Conditioning
- High Speed Internet Access
- Washer/Dryer Hookup
- Built-In Bookshelves
- Wheelchair Accessible (Rooms)
- Maintenance on site
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