PHOENIX, AZ | ±45,250 SF Multifamily Opportunity Zone Development
Key Investment Highlights
- Prime development site located in Downtown Phoenix with flexible zoning already in place that will allow for a residential multifamily development
- A combination of historic rehab and new development, the project will combine some aspects of the historic textile plant currently on the site with new construction to create a truly unique structure.
- Located in an area being established as a dense, vibrant, urban, mixed-used area that will be a center for commerce and high-rise urban living.
Estimated Project Cost
Total Debt Expected
333 N. 7th Ave.,
Phoenix, AZ 85007
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Risks and Limitations: the risks associated with making investment decisions based on targeted metrics is that they are targets. Commercial real estate investing is risky, and that means that the investment will not always play out according to expectations. Targeted returns involved multiple degrees of uncertainty and risk related but not limited to rental rates, lease expiration dates, occupancy rates, length of the investment period, exit cap rates, and interest rates. – Criteria and Assumptions- how a sponsor approaches the underwriting process (conservative, moderate, aggressive) may change the assumptions of the model which include targeted: cash yield, equity multiple, IRR, investment period and distribution rates