- Property type: Arizona
- Strategy: DST 1031 Exchange
- Location: Phoenix AZ
- State: Arizona
- Status: Sold
Details
Crossroads is a 316 unit apartment community located in the Deer Valley submarket of Phoenix, with direct access to the I-17 and Loop 101 freeways. Deer Valley is one of the most sought-after submarkets in metro Phoenix. The property has undergone significant renovations, including a brand-new clubhouse and leasing center which is equipped with a full demonstration/event kitchen, roof replacement on all buildings and repainting of all building exteriors. The Deer Valley submarket is home to a number of customer service call centers, including Best Western, American Express and Discover Card. The Deer Valley employment center boasts more than 4 million square feet of office space, over 1.5 million square feet of flex space, and nearly 9 million square feet of industrial space, and is home to major high tech and aerospace employers such as Alcatel-Lucent Technologies, Honeywell International and L3 Avionics.
Rincon sold the property in 2019.
- ID: 3575
- Views: 881
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