Villa Angela ApartmentsLocation 1727 West Cholla Street Phoenix, Arizona 85029 List Price $700,000...
Transcript of Villa Angela ApartmentsLocation 1727 West Cholla Street Phoenix, Arizona 85029 List Price $700,000...
Investment Property Offering
A 32 Unit Apartment Complex Located in Phoenix, ArizonaCall for Offers July 26, 2010
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
Bill Hahn Senior Vice President 602 222 5105 – Direct 602 418 9578– [email protected]
Jeffrey Sherman Senior Associate 602 222 5109 – Direct602 694 1127 – [email protected]
Trevor Koskovich Senior Associate602 222 5145 – Direct480 227 7420 - [email protected]
www.colliers.com/phoenix
Table of Contents IExecutiveSummary 1
IIFinancialSummary 3
IIIComparables Rent 4 Sales 7
IVPropertyPhotos 9
VLocationMaps AerialFar 10 AerialClose 11 ParcelMap 12 VIAppendix LegalDisclaimer
Location 1727 West Cholla Street Phoenix, Arizona 85029
List Price $700,000
Price Per Unit $21,875
Price Per Square Foot $27.34
Total Units 32
Building Square Footage 25,600
Number of Buildings 4
Land Acres 1.27
Executive Summary
EXECUTIVE SUMMARY | COLLIERS INTERNATIONAL | 1
Cross Street 19th Ave. & Cholla St.
Market Phoenix
Sub Market North Mountain
Year Built 1986
Building Class C
Location Class C
HVAC Individual
Tax Parcel Number 159-12-028 & -037-K Foundation Type Concrete Slab
Number of Stories 2
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
EXECUTIVE SUMMARY | COLLIERS INTERNATIONAL | 2
Executive Summary
AREA DESCRIPTION
Villa Angela Apartments is located at 1727 W.Cholla Street in Phoenix, Arizona. The propertyissituatedjusteastof19thAvenue,amajornorth-south thoroughfare running through Phoenix.Metrocenter Mall, a large regional mall withanchors that include Macy’s and Sears, is twomiles west of Villa Angela Apartments, offeringresidentseasyaccesstoaprominententertainmentandretailvenue.VillaAngelaApartmentsisalsoconvenient to public transportation, with busservicesprovidedalong19thandPeoriaAvenues.
The area immediately surrounding Villa AngelaApartments is comprised of a wide range ofproperty uses, but is primarily residential incomposition. Parks, schools, and other publicfacilitiesarelocatedinthevicinityoftheproperty.Shaw Butte Elementary School and Cave CreekSports Complex Parks are located within easydistances from Villa Angela. Neighborhoodshopping is abundant along 19th and PeoriaAvenues. Close-by employment generators areconcentrated along the I-17 Corridor, 1.5 milestothewest.Opportunitiesforhighereducationinproximity from Villa Angela Apartments includeArizona State University West Campus, BrymanSchool, and Western International University.
PROPERTY DESCRIPTION
VillaAngelaApartmentsisatwo-storyapartmentcommunity built in 1986, comprising 32 rentalunits. The unit mix consists entirely of two-bedroom units of approximately 800 square feeteach.Constructionisofframeandpaintedstucco,withpitchedroofs.Heatingandcoolingisprovidedby individual roof-mounted air conditioningunits. The property is individually-metered forelectricity, and the costs associated with usageinsidethedwellingunitsistheresponsibilityofthe
residents.Thecostofwater,sewercharges,andtrashcollectionistheresponsibilityoftheowner.
The buildings at Villa Angela are situatedsurrounding three separate courtyardswhich contain a swimming pool and ampleoutdoor community areas. The property offers40 parking spaces, providing a parking densityof 1.25 spaces per unit. There is an on-sitelaundry facility at the property. North MountainPreserve is situated just east of the property,giving residents convenient access to one ofthe city’s most prominent recreational venues.
The property has minimal landscaping whichallows for mitigated operating expenses. Oneapartment unit is currently being used as rentaloffice located in the middle of the complex.
The four buildings at Villa Angela Apartmentsare constructed on two parcels comprising 1.27acres at a density of 25.19 units per acre. Thebuildings provide 25,600 rentable square feet.
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
Estimated Stabilized Operations
FINANCIAL SUMMARY | COLLIERS INTERNATIONAL | 3
Year Built 1986
Total Units Total Square Feet32 25,600
Units Type Sq. Ft.
EstimatedStabilized
RentEstimatedStabilized
32 2BD/1BA 800 $450 14,400$
Monthly Scheduled Gross Rent 14,400$
Annual Scheduled Gross Rent Stabilized 172,800$ Physical Vacancy 12.0% ($20,736)Economic Vacancy* 8.0% ($13,824)*Concessions, credit loss, turnover, etc.
Total Vacancy 20.0% ($34,560)Net Rental Income 138,240$
Other Income *Estimated at $10/month/occupied unit 3,379$
Gross Operating Income $141,619
OPERATING EXPENSESProperty Taxes *Actual 2009 Taxes 14,306$ Insurance *Estimated At $150/unit 4,800$ Maintenance & Repairs *Estimated At $600/unit 19,200$ Electricity *Estimated At $150/unit 4,800$ Sewer and Water *Estimated At $200/unit 6,400$ Trash *Estimated At $100/unit 3,200$ Payroll *Estimated At $900/unit 28,800$ Management Fee *Estimated To be 4% of Collected Rent 5,530$ Administrative Expenses *Estimated At $115/unit 3,680$ Total Operating Expenses 90,716$
Operating Cost Per Unit 2,835$ Operating Cost Per Sq Ft 3.54$
Net Operating Income $50,904
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
Note: Rents, Vacancy and Operating Expenses are estimated at time of property stabilization. Current and historical operating data may be significantly different than what is represented herein.
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Villa
Ang
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Apa
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1727
Wes
t C
holla
Str
eet
Pho
enix
, AZ
Moon ValleyCountry Club
North/SouthGC
Quail RunGC Scottsdale Country Club
Sun CityCC
CountryMeadows GC
StateCapitol
AmericaWest Arena
Tempe DiabloStadium
Salt R iver Pima-MaricopaIndian Rese rvation
Fort McD owellMohave-Apache
Indian Rese rvation
Gila R iverIndian Rese rvation
Lost DutchmanState Park
Est rella MountainRegional Park
Phoenix South Mountain Park
TontoNat'l
Forest
McD owellMountain
Park
ThunderbirdPark
White TankMountain
Regional Park
LakePleasant
BartlettReservoir
Agua
Fria
River
Verde Rive
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New
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LakeBonita
Trilby WashDetention Basin
SaquaroLake
Salt River
Salt River
CanyonLake
Gila River
CanyonLake
Cave
Cre
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Gila River
Verde River
Verde River
Syca
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Skun
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Syca
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Beeli
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Beeli
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New R
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7th
St7t
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7th
St7t
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Irvine Rd
7th
Ave
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Ave
Cave
Cre
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Scot
tsda
le R
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otts
dale
Rd
Pim
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56th
St
Carefree Hwy
Dove Valley Rd
Lone Mtn Rd
Morristown Hwy
Carefree Hwy
Scot
tsda
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Lake
Plea
sant
Rd
Cave
Cre
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Tatu
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Dynamite Blvd
Dixileta Dr
Lone Mountain Rd
Happy Valley Rd
51st
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19th
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Pinnacle Peak Rd Pinnacle Peak Rd
Jomax Rd
Pinnacle Peak Rd
Pinnacle Peak Rd
59th
Ave
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St
Deer Valley Rd
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Rd
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Johnson Blvd
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Beardsley RdBeardsley RdBeardsley Rd
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Union Hills DrUnion Hills Dr
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Bell RdBell RdBell Rd
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56th
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Ave
Hayd
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Bush Hwy
Greenway RdGreenway
RdGreenway Rd
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Hills Blvd
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Ave
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Blvd
Thunderbird RdThunderbird Rd Thunderbird Rd
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hAv
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Sweetwater Ave
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St
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Cactus RdCactus Rd 66th StCactus Rd
108t
h St
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St PalominoBlvd Kingstree
BlvdShea BlvdPeoria Ave
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St
Via Linda
Mountain View Rd
104t
h St
Doubletree Ranch RdDunlap AveOlive Ave
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ralA
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27th
Ave
Via DeVentura
Beeline Hwy
Northern Ave16
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Litc
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ld R
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Lincoln Dr
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Ave
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hAv
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Mcdonald DrBethany Home Rd
20th
St
Bush Hwy
Camelback RdCamelback Rd
Pim
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Pim
a Fr
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Pima Frwy
Indian School Rd
Papago Frwy
Indian School RdIndian School Rd
Osborn Rd
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hAv
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Encanto Blvd Oak St
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Mcdowell Rd Mcdowell RdMcdowell Rd
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Higl
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Mckellips RdVan Buren St
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User
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s Rd
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Curry Rd
Jack
rabb
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Sky Harbor Blvd Brown RdBrown RdYuma Rd
Cotto
n Ln
Western Ave
Mill
Ave
Prie
st D
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Rura
l Rd
Mcc
linto
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Estre
lla P
kwy
Estre
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kwy
University Dr University Dr
Dobs
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Rd
Hard
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40th
St
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St
52nd
St Main StMain StMain St Apache TrlApache Blvd
Lind
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Alm
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Rd
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Mes
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48th
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Broadway Rd Broadway RdBroadway Rd Broadway Ave
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Soss
aman
Rd Pueblo Rd
Southern AveSouthern AveSouthern Ave
Baseline Rd Baseline RdBaseline Rd Baseline Rd
Mcq
ueen
Rd
20th
St
Guadalupe Rd Guadalupe RdDobbins Rd
44th
St
Price
Frw
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Elliot Rd Elliot RdCo
oper
Rd
Warner Rd
Ellsw
orth
Rd
Ray Rd
Rura
l Rd
Ray Rd
Williams Field RdChandler BlvdChandlerBlvd Ar
izona
Ave
Dese
rt Fo
othil
lsPk
wy
Liberty LnPecos Rd
Pecos Rd
Mar
icopa
Rd
Higl
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Beltline Road
Queen Creek RdQueen Creek Rd
Gilb
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ilber
t Rd
Mer
idia
n Rd
Alm
a Sc
hool
Rd
Riggs Rd
Price
Rd
Dobs
on R
d
Hunt HwyHunt Hwy
Apache
Trl
Mckellips Blvd
Corte
z RdIro
nwoo
d Dr
Mer
idia
n Rd
Idah
o Rd
Lost Dutchman Blvd
Superstition Blvd
Holm
es R
d
Mou
ntai
nVi
ew R
dOld West Hwy
Gol
dfie
ld R
d
Tom
ahaw
k Rd
Southern Ave
Moe
ur R
d
Mou
ntai
n Rd
Vine
yard
Rd
Vine
yard
Rd
Indian Rt 3
Combs Rd
Schn
epf R
d
Hunt Hwy
Queen Creek Rd
Qua
il Run
Ln
128th
Ave
Stardust Blvd
DelW
ebb Bl
vd Greenway Pkwy
Cave Creek Rd
Frank Lloyd Wright Blvd
SaguaroBlvd
WarnerEl
liot L
oop
Jomax Rd
Citru
s Rd
Waddell Rd
Glendale Ave
Camelback Rd
Perry
ville
Rd Thomas Rd Thomas Rd
Sunr
ise B
lvd
Union Hills DrUnion Hills Dr
Greenway Rd
Cotto
n Ln
Sariv
alAv
e
Reem
s Rd
Bulla
rdAv
e
Litc
hfie
ld R
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Cactus Rd
Peoria Ave
Lind
say
Rd
Reck
er R
dRe
cker
Rd
Soss
aman
Rd
Hawe
s Rd
Crimson Rd
Coop
er R
d
ValV
ista
Dr
Rittenhouse Rd
Gre
enfie
ld R
dPecos Rd
Mcq
ueen
Rd
Germann Rd
Queen Creek Rd
Crism
on R
d
Reeb
s Rd
Ocotillo Rd
Chandler Heights Rd
Riggs Rd
Germann Rd
Pima Rd
Kenw
orth
y Rd
Ocotillo Rd
Mes
a Rd
Coun
try C
lub
Dr
Indian School Rd
Thomas Rd
Indian Bend Rd
CanalBank Rd
Hawe
s Rd
Germann Rd
Prie
st D
r
Kyre
ne R
d75thAve
27th
Ave
35th
Ave
Dobbins Rd
Elliot Rd
75th
Ave
Elliot Rd 59th
Ave
Carver Rd
Estrella Dr
Saint Johns
Mission Rd
Pecos Rd
43rd
Ave
75th
Ave
67th
Ave
83rd
Ave
Lower Buckeye Rd
107t
hAv
eLower Buckeye Rd
123r
dAv
e Broadway Rd
Southern Ave
Indian Springs Rd
Southern Ave
Citru
s Rd
Broadway Rd
Airp
ort R
d
Beloat Rd
93rd
Ave
27th
Ave
43rd
Ave
Pyra
mid
Pea
k Pk
wy
33rd
Ave
16th
St
Desert Hills Dr
17th
Ave Joy Ranch Rd
Cloud RdCloudRd
64th
St
Happy Valley Rd Alm
aSc
hool
Rd
Jomax Rd
116t
h St
118t
h St
64th
St
Deer Valley Rd
McDowell Rd
Dean
Rd
Lower Buckeye Rd
Elliot Rd
RainbowValley Rd
Tuth
ill Rd
Narramore Rd
Ray Rd
155t
hAv
e
171s
tAve
Williams Field Rd
163r
dAv
e
203r
dAv
e
Queen Creek Rd
Ocotillo Rd
Sand
ia R
d Buenos Aires Rd
Riggs Rd
Hunt Hwy
Tuth
ill Rd
Ocotillo Rd
Skyline Dr
Thom
pson
Rd
Phillips Rd
Indian Route 60
187t
hAv
e
211t
hAv
e
Dove Valley Rd
219t
hAv
e
Sariv
alAv
e16
3rd
Ave
Mou
nbat
ten
Rd
Dixileta DrBradley Rd
203r
dAv
e
Croz
ier S
t
Patton Rd
195t
hAv
e
Jomax Rd
Happy Valley Rd
Deer Valley Rd
136t
h St
Lone Mountain Rd
144t
h St
160t
h St
168t
h St
174t
h St
152n
d St
128t
h St
Bulla
rdAv
e
Wickenburg Hwy
Grand Ave
Grand Ave
Buckeye Rd
Main St
Black Canyon Hwy
Agua
Fria
Frw
y
Blac
k Ca
nyon
Frw
y
Pies
tewa
Frw
y
HohokamExwy
Red Mountain Frwy
48th
St
Pearl Harbor Memorial Hwy
Mar
icopa
Frw
y
Superstition Frwy
S Ra
inbo
w Rd
Jack
rabb
it Trl
Bulla
rdAv
e
Patterson Rd
EaglesNest CC
Palm ValleyGolf Club
WildlifeWorld Zoo
WigwamCC
Club WestGolf Club
FoothillsGolf Club
Harrahs/Gila R iverCasinos
Arizona Biltmo reCountry Club
San Ma rcosCC
Mccormick RanchGolf Club
Happy TrailsGolf Resort
ArrowheadRanch CC
LegendGolf Resort
PointeGolf Club Stonecreek
GC
The 500Club
Tatum RanchGolf Club
Gainey RanchGolf Club
TournamentPlayers Club
GrayhawkGolf Club
Fountain HillsGolf Club
Troon NorthGolf Club
BouldersClub
Tonto VerdeGolf Club
Gold Can yonGolf Club
Deer ValleyGC
StardustGC
Briar woodCC
Echo MesaGC
Hillc restGC
GrandviewGC
The VistasGC
WestbrookVillage GC
Willowbrook andWillowcreek GC Union Hills
CC
Co yoteLa kes GC
PebblebrookGC
RiverviewGC
PalmbrookCC
PeoriaStadium
La ke East/West GC
Phoenix CommunityCollege
Grand Can yonCollege
Phoenix JuniorCollege
Phoenix JuniorCollege
Mesa CommunityCollege
Arizona StateUniversity
ScottsdaleCommunityCollege
Glendale CommunityCollege
SouthwesternCollege
Phoenix-Deer ValleyMunicipal Airport
ScottsdaleAirport
FalconField
Phoenix Sky HarborInt'l Airport
Phx -MesaGateway
ChandlerMunicipal
Airport
MARICOPAPINAL
Scottsdale
CaveCreek
DesertHills
Anthem
Ca refree
Peoria
PHOENIX
Surprise
Glendale
Sun CityWest
SunCity Fountain
Hills
ElMirage
Youngtown
ParadiseValleyLu ke
AFB
Litch fieldPark
MesaGoodyear
Goodyear
Est rellaMountain
Ranch
Avondale
Buc keye
Tolleson
Tempe
GilbertChandler
Komatke
SantaCruz
Cashion
QueenCreek
ApacheJunction
60
60
85
74
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87
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153 143
101
303
303
101
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101
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236
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202
COMPARABLES | COLLIERS INTERNATIONAL | 5
Rent Comparable Map
2
1
4
3
5
1. Subject PropertyVillaAngelaApartments1727W.ChollaStreet|Phoenix,AZ
2VistaVillage1805W.CortezSt|Phoenix,AZ
3CheyenePoint11850N.19thAve.|Phoenix,AZ
4Cochise1025W.CochiseDr.|Phoenix,AZ
5WhisperingWillows1802W.ChollaSt.|Phoenix,AZ
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
MARKET SYNOPSIS | COLLIERS INTERNATIONAL | 6
Subject Property Comparison
Unit Mix Total Units S.F. Monthly Rent
MonthlyRent / S.F.
AdjustedMonthly
Rent
Adjusted Rent / S.F.
2 Bed, 1 Bath 32 800 499$ 0.62$ 466$ 0.58$ Totals/Averages 32 800 499$ 0.62$ 466$ 0.58$
Comparables Property SummaryUnit Mix Total Units S.F. Monthly
RentMonthly
Rent / S.F.AdjustedMonthly
Rent
Adjusted Rent / S.F.
Studio 18 376 325$ 0.86$ 306$ 0.81$ 1 Bed, 1 Bath 130 544 387$ 0.71$ 363$ 0.67$ 2 Bed, 1 Bath 141 848 549$ 0.65$ 531$ 0.63$ 2 Bed, 2 Bath 52 1,025 521$ 0.51$ 488$ 0.48$ Totals/Averages 341 698 446$ 0.68$ 422$ 0.65$
NOTE:“Adjusted Monthly Rent” is the effective rent received by the property owner after adjusting for any rental concessions, on an assumed one-year lease. By way of example, if the quoted market rent is $600 per month, and one month free with a twelve-month lease, the Adjusted Monthly Rent is $550 ( ($600 X 11) / 12)
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
COMPARABLES | COLLIERS INTERNATIONAL | 7
Sales Comparables
PropertyLocation
YearBuilt
#Units Unit Mix Sales
PricePrice/Unit Price/SF Close of
EscrowProperty
Photograph
Rita Roy 1961 13 9 1BD/1BA 310,000$ $23,846 $19.63 4/15/20103201 N. 36th Street 4 2BD/1BAPhoenix, AZ 85018
Horizon Apatments 1986 51 51 2BD/1BA 950,000$ $18,627 $19.61 4/14/20101510 N 48th StPhoenix, AZ 85008
9th Place Apartments 1959 11 7 1BD/1BA 257,000$ $23,364 $38.94 3/1/20103703 N. 9th Place 4 2BD/2BAPhoenix, AZ 85014
Camelback Gardens 1965 16 1 1BD/1BA 375,000$ $23,438 $28.52 12/18/20095110 N. 21st Ave. 15 2BD/1BAPhoenix, AZ 85015
Sunny Haven 1982 22 10 1BD/1BA 450,000$ $20,455 $31.25 10/23/2009806 E. Carol Ave. 12 2BD/1BAPhoenix, AZ 85020
AVERAGES 1971 23 468,400$ 21,946$ 27.59$
Sales ComparablesSales Comparables
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
COMPARABLES | COLLIERS INTERNATIONAL | 8
Sales Comparables Map
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4
Moon ValleyCountry Club
North/SouthGC
Quail RunGC Scottsdale Country Club
Sun CityCC
CountryMeadows GC
StateCapitol
AmericaWest Arena
Tempe DiabloStadium
Salt R iver Pima-MaricopaIndian Rese rvation
Fort McD owellMohave-Apache
Indian Rese rvation
Gila R iverIndian Rese rvation
Lost DutchmanState Park
Est rella MountainRegional Park
Phoenix South Mountain Park
TontoNat'l
Forest
McD owellMountain
Park
ThunderbirdPark
White TankMountain
Regional Park
LakePleasant
BartlettReservoir
Agua
Fria R
iver
Verde Rive
r
New
River
LakeBonita
Trilby WashDetention Basin
SaquaroLake
Salt River
Salt River
CanyonLake
Gila River
CanyonLake
Cave
Cre
ek
Gila River
Verde River
Verde River
Syca
more
Cre
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Alder Creek
Skun
k Cree
k
Cave Creek
Syca
more Cr
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Queen Creek
Beeli
ne H
wy
Beeli
ne H
wy
New R
iver R
d
7th
St7t
h St
7th
St7t
h St
Irvine Rd
7thA
ve7t
h Ave
7th A
ve
Cave
Cre
ek R
d
Scot
tsdale
Rd
Scot
tsdale
Rd
Pim
a Rd
56th
St
Carefree Hwy
Dove Valley Rd
Lone Mtn Rd
Morristown Hwy
Carefree Hwy
Scot
tsdale
Rd
Lake
Plea
sant
Rd
Cave
Cree
k Rd
Tatu
m B
lvdTa
tum
Blvd
Dynamite Blvd
Dixileta Dr
Lone Mountain Rd
Happy Valley Rd
51st
Ave
51st
Ave
51st
Ave
19th
Ave
67th
Ave
67th
Ave
67th
Ave
35th
Ave
83rd
Ave
83rd
Ave
Pinnacle Peak Rd Pinnacle Peak Rd
Jomax Rd
Pinnacle Peak Rd
Pinnacle Peak Rd
59th
Ave
40th
St
Deer Valley Rd
Canal
Rd
Deer Valley Rd75
thAv
e75
thAv
e
Johnson Blvd
El M
irage
Rd
Beardsley RdBeardsley RdBeardsley Rd
43rd
Ave
32nd
St
32nd
St
99th
Ave
91st
Ave
91st
Ave
107t
hAve
107t
h Ave
Union Hills DrUnion Hills Dr
El M
irage
Rd
Bell RdBell RdBell Rd
64th
St
64th
St
64th
St
56th
St
Dysa
rt Rd
Surp
riseA
ve
Hayd
en R
d
Bush Hwy
Greenway RdGreenway
RdGreenway Rd
Bear
dsley
Can
al Rd
Fountain
Hills Blvd
59th
Ave
Palisades
Blvd
Thunderbird RdThunderbird Rd Thunderbird Rd
111t
hAve
Sweetwater Ave
24th
St
24th
St
Cactus RdCactus Rd 66th StCactus Rd
108t
h St
96th
St PalominoBlvd Kingstree
BlvdShea BlvdPeoria Ave
44th
St
Via Linda
Mountain View Rd
104t
h St
Doubletree Ranch RdDunlap AveOlive Ave
Cent
ralA
ve
27th
Ave
Via DeVentura
Beeline Hwy
Northern Ave
16th
St
Litch
field
Rd
Glendale Ave
Lincoln Dr
63rd
Ave
105t
h Ave
Inve
rgor
don
Rd
Mcdonald DrBethany Home Rd20
th S
t
Bush Hwy
Camelback RdCamelback Rd
Pim
a Rd
Pim
a Fr
wy
Pima Frwy
Indian School Rd
Papago Frwy
Indian School RdIndian School Rd
Osborn Rd
Reck
er R
d
Thomas Rd
Powe
r Rd
Thomas Rd
115t
hAve
Grand Ave
Encanto Blvd Oak St
52nd
St
Reem
s Rd
195t
h Ave
Tuth
ill Rd
Mcdowell Rd Mcdowell RdMcdowell Rd
ValV
ista
Dr
Higle
y Rd
Colle
geAv
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Mckellips Rd
Red Mountain Frwy
Maricopa Frwy
Santan Frwy
Mckellips RdVan Buren St
Mcc
linto
ck D
r
Buckeye Rd
99th
Ave
Stap
ley D
r
Washington St
7thA
ve7t
hAve
19th
Ave
Cent
ral A
ve
7th
St
24th St
24th
St
59th
Ave
User
y Pas
s Rd
91st
Ave
51st
Ave
35th
Ave
Curry Rd
Jack
rabb
it Trl
Sky Harbor Blvd Brown RdBrown RdYuma Rd
Cotto
n Ln
Western AveM
illAv
e
Pries
t Dr
Rura
l Rd
Mcc
linto
ck D
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Estre
lla P
kwy
Estre
lla P
kwy
University Dr University Dr
Dobs
on R
dDo
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Rd
Hard
y Dr
40th
St
40th
St
52nd
St Main StMain StMain St Apache TrlApache Blvd
Linds
ay R
d
Alm
a Sc
hool
RdAl
ma
Scho
ol Rd
Mes
a Dr
Powe
r Rd
Coun
try C
lub D
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Gilbe
rt Rd
Gree
nfiel
d Rd
Crism
on R
d
48th
St
48th
St
Broadway Rd Broadway RdBroadway Rd Broadway Ave
32nd
St
32nd
St
Soss
aman
Rd Pueblo Rd
Southern AveSouthern AveSouthern Ave
Baseline Rd Baseline RdBaseline Rd Baseline Rd
Mcq
ueen
Rd
20th
St
Guadalupe Rd Guadalupe RdDobbins Rd
44th
St
Price
Frw
y
Elliot Rd Elliot Rd
Coop
er R
d
Warner Rd
Ellsw
orth
Rd
Ray Rd
Rura
l Rd
Ray Rd
Williams Field RdChandler BlvdChandlerBlvd Ar
izona
Ave
Dese
rt Fo
othil
lsPk
wy
Liberty LnPecos Rd
Pecos Rd
Mar
icopa
Rd
Higle
y Rd
Beltline Road
Queen Creek RdQueen Creek Rd
Gilbe
rt Rd
Gilbe
rt Rd
Mer
idian
Rd
Alm
a Sc
hool
Rd
Riggs Rd
Price
Rd
Dobs
on R
d
Hunt HwyHunt Hwy
Apache
Trl
Mckellips Blvd
Corte
z Rd
Ironw
ood
Dr
Mer
idian
Rd
Idah
o Rd
Lost Dutchman Blvd
Superstition Blvd
Holm
es R
d
Mou
ntain
View
RdOld West Hwy
Goldf
ield
Rd
Tom
ahaw
k Rd
Southern Ave
Moe
ur R
d
Mou
ntain
Rd
Vine
yard
Rd
Vine
yard
Rd
Indian Rt 3
Combs Rd
Schn
epf R
d
Hunt Hwy
Queen Creek Rd
Quail
Run
Ln
128th
Ave
Stardust Blvd
DelW
ebb Bl
vd Greenway Pkwy
Cave Creek Rd
Frank Lloyd Wright Blvd
SaguaroBlvd
WarnerEl
liot L
oop
Jomax Rd
Citru
s Rd
Waddell Rd
Glendale Ave
Camelback Rd
Perry
ville
Rd Thomas Rd Thomas Rd
Sunri
se B
lvd
Union Hills DrUnion Hills Dr
Greenway Rd
Cotto
n Ln
Sariv
alAv
e
Reem
s Rd
Bulla
rdAv
e
Litch
field
Rd
Cactus Rd
Peoria Ave
Linds
ay R
d
Reck
er R
dRe
cker
Rd
Soss
aman
Rd
Hawe
s Rd
Crimson Rd
Coop
er R
d
ValV
ista
DrRittenhouse Rd
Gree
nfiel
d Rd Pecos Rd
Mcq
ueen
Rd
Germann Rd
Queen Creek Rd
Crism
on R
d
Reeb
s Rd
Ocotillo Rd
Chandler Heights Rd
Riggs Rd
Germann Rd
Pima Rd
Kenw
orth
y Rd
Ocotillo Rd
Mes
a Rd
Coun
try C
lub D
r
Indian School Rd
Thomas Rd
Indian Bend Rd
CanalBank Rd
Hawe
s Rd
Germann Rd
Pries
t Dr
Kyre
ne R
d
75thAve
27th
Ave
35th
Ave
Dobbins Rd
Elliot Rd
75th
Ave
Elliot Rd 59th
Ave
Carver Rd
Estrella Dr
Saint Johns
Mission Rd
Pecos Rd
43rd
Ave
75th
Ave
67th
Ave
83rd
Ave
Lower Buckeye Rd
107t
hAve
Lower Buckeye Rd
123r
dAve
Broadway Rd
Southern Ave
Indian Springs Rd
Southern Ave
Citru
s Rd
Broadway Rd
Airp
ort R
d
Beloat Rd
93rd
Ave
27th
Ave
43rd
Ave
Pyra
mid
Peak
Pkw
y
33rd
Ave
16th
St
Desert Hills Dr
17th
Ave Joy Ranch Rd
Cloud RdCloudRd
64th
St
Happy Valley Rd Alm
aSc
hool
Rd
Jomax Rd
116t
h St
118t
h St
64th
St
Deer Valley Rd
McDowell Rd
Dean
Rd
Lower Buckeye Rd
Elliot Rd
RainbowValley Rd
Tuth
ill Rd
Narramore Rd
Ray Rd
155t
hAve
171s
tAve
Williams Field Rd
163r
dAve
203r
d Ave
Queen Creek Rd
Ocotillo Rd
Sand
ia Rd
Buenos Aires Rd
Riggs Rd
Hunt Hwy
Tuth
ill Rd
Ocotillo Rd
Skyline Dr
Thom
pson
Rd
Phillips Rd
Indian Route 60
187t
hAve
211t
h Ave
Dove Valley Rd
219t
hAve
Sariv
alAv
e16
3rdA
ve
Mou
nbat
ten
Rd
Dixileta DrBradley Rd
203r
dAve
Croz
ier S
t
Patton Rd
195t
hAve
Jomax Rd
Happy Valley Rd
Deer Valley Rd
136t
h St
Lone Mountain Rd
144t
h St
160t
h St
168t
h St
174t
h St
152n
d St
128t
h St
Bulla
rdAv
e
Wickenburg Hwy
Grand Ave
Grand Ave
Buckeye Rd
Main St
Black Canyon Hwy
Agua
Fria
Frw
y
Blac
k Can
yon
Frwy
Pies
tewa
Frw
y
HohokamExwy
Red Mountain Frwy
48th
St
Pearl Harbor Memorial Hwy
Mar
icopa
Frw
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Superstition Frwy
S Ra
inbow
Rd
Jack
rabb
it Trl
Bulla
rdAv
e
Patterson Rd
EaglesNest CC
Palm ValleyGolf Club
WildlifeWorld Zoo
WigwamCC
Club WestGolf Club
FoothillsGolf Club
Harrahs/Gila R iverCasinos
Arizona Biltmo reCountry Club
San Ma rcosCC
Mccormick RanchGolf Club
Happy TrailsGolf Resort
ArrowheadRanch CC
LegendGolf Resort
PointeGolf Club Stonecreek
GC
The 500Club
Tatum RanchGolf Club
Gainey RanchGolf Club
TournamentPlayers Club
GrayhawkGolf Club
Fountain HillsGolf Club
Troon NorthGolf Club
BouldersClub
Tonto VerdeGolf Club
Gold Can yonGolf Club
Deer ValleyGC
StardustGC
Briar woodCC
Echo MesaGC
Hillc restGC
GrandviewGC
The VistasGC
WestbrookVillage GC
Willowbrook andWillowcreek GC Union Hills
CC
Co yoteLa kes GC
PebblebrookGC
RiverviewGC
PalmbrookCC
PeoriaStadium
La ke East/West GC
Phoenix CommunityCollege
Grand Can yonCollege
Phoenix JuniorCollege
Phoenix JuniorCollege
Mesa CommunityCollege
Arizona StateUniversity
ScottsdaleCommunityCollege
Glendale CommunityCollege
SouthwesternCollege
Phoenix-Deer ValleyMunicipal Airport
ScottsdaleAirport
FalconField
Phoenix Sky HarborInt'l Airport
Phx -MesaGateway
ChandlerMunicipal
Airport
MARICOPAPINAL
Scottsdale
CaveCreek
DesertHills
Anthem
Ca refree
Peoria
PHOENIX
Surprise
Glendale
Sun CityWest
SunCity Fountain
Hills
ElMirage
Youngtown
ParadiseValleyLu ke
AFB
Litch fieldPark
MesaGoodyear
Goodyear
Est rellaMountain
Ranch
Avondale
Buc keye
Tolleson
Tempe
GilbertChandler
Komatke
SantaCruz
Cashion
QueenCreek
ApacheJunction
60
60
85
74
74
74
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88
153 143
101
303
303
101
51
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101
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236
347
587
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17
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1. Subject PropertyVillaAngelaApartments3145EastCypressStreet|Phoenix,AZ
2 Rita Roy 3201N.36thSt.|Phoenix,AZ
3 Horizons Apartments 1510N48thSt.|Phoenix,AZ
4 9th Place Apartments3703N.9thPlace|Phoenix,AZ
5 Camelback Gardens 5110N.21stAve.|Phoenix,AZ
6 Sunny Haven 806E.CarolAve.|Phoenix,AZ
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
PROPERTY PHOTOS | COLLIERS INTERNATIONAL | 9
Property Photos
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
Aer
ial -
Far
LOC
ATIO
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| C
OLL
IERS
INTE
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| 1
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Villa
Ang
ela
Apa
rtm
ents
1727
Wes
t C
holla
Str
eet
Pho
enix
, AZ
LOC
ATIO
N M
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| C
OLL
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INTE
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ION
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1
Aer
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Clo
seV
illa A
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aA
part
men
ts17
27 W
est
Cho
lla S
tree
t P
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ix, A
Z
LOCATION MAPS | COLLIERS INTERNATIONAL | 12
Parcel Map
Parcel Number: 159-12-028 & -037-K
Villa AngelaApartments
1727 West Cholla Street Phoenix, AZ
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