SOLD! Apache Blvd. parcel in Tempe

By AZRE

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., announced the $4,750,000 / $56.67 Per Land SF sale of Apache & McClintock Development Opportunity, a land deal located at 1734 East Apache Boulevard, Tempe. ABI Multifamily’s John Klocek and Patrick Burch represented the seller in this transaction.

The seller is based in Arizona.

The Apache & McClintock mixed-use development site is in a premiere location at the northwest corner of Apache Boulevard and McClintock Drive in the heart of Tempe. It is located at the intersection of two major thoroughfares and across the street from a light rail station. It is also a short walk / bike ride to the Arizona State University Campus, which is located just a mile away. With the ASU campus, Tempe Marketplace, the 101 Freeway, Tempe Beach Park, and the Mill Avenue corridor all just minutes away, this location is as central as it gets. Tempe Town Lake is also a short distance from the property where the 2 million-square-foot State Farm Campus sits, as well as where many new projects are underway. This makes this area of Tempe not only popular due to its proximity to the university, but also one of the most desirable areas in all of Arizona to live and work.

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