CHANDLER, AZ– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Desert Jewel, a 112-unit multi-family community in Chandler. The listing price of $14.5 million represents $129,464 per unit. Darrell Moffitt, a senior investment associate and senior director of Marcus & Millichap’s National Multi Housing Group in Phoenix, is representing the seller, Avtar and Satya Verma.
“Desert Jewel offers an investor the opportunity to acquire a turn-key apartment community featuring large units in the very desirable Chandler market,” says Moffitt.
Located at 2800 North Arizona Ave., the 115,900-square foot apartment community consists of four two- and three-story buildings situated on a 4.23-acre lot.
Built in 2003, th
ere are 80 units in the apartment community, with 32 additional units scheduled to be completed this year. Desert Jewel boasts a mix of one-, two- and three-bedroom units. Unit amenities include washers and dryers in all units, fireplaces in selected units, ceiling fans, fully equipped kitchens, air conditioning and nine-foot ceilings. Community amenities include a swimming pool, spa, barbecue area and a clubhouse. CONTACT:
Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road, Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
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