Vestis Group Brokers Sale Of 312 South Luxury Condos In Tempe

Vestis Group Brokers Sale Of 312 South Luxury Condos In Tempe

By Natan Jacobs | Vestis Group

(Tempe – February 25, 2013) – Vestis Group is pleased to announce the completed sale of 6 townhome units (bulk condos) of 312 South Condominiums, a 7-unit multifamily property, located at 312 South Hardy Drive in Tempe, Arizona, for $1,050,000 / $175,500 per unit.

The buyer, Hardy Street, LLC, purchased 6 of 7 units within the community. The seller was O.W.L. Real Estate & Investments. Natan Jacobs, Les Litwin and Victoria Miachika of Vestis Group represented the Buyer in the sale.

312 South Condominiums is a 7-unit, garden-style, luxury, loft-style, townhome community located in a strong rental area of north Tempe, just west of Mill Avenue. Built in 2008, 312 South is a luxury downtown Tempe development, consisting of 3-level townhome loft-style condos, equipped with 2 bedroom master suites, oversized two-car garages, private backyards, and kitchens that included cutting edge design. Interior features include stainless steel appliances, in-suite washer and dryer, concrete countertops, polished concrete floors, custom cabinetry, electric fireplaces, metal-claded beams, touch-screen security, walk-in custom closets, 8′ Sliding Doors, Fire Sprinklers, Designer Paint and all units are individually metered for electricity. Common area amenities include sand-finished stucco, natural slate veneer, pavered patios, contemporary front doors, contemporary frosted garage doors, exposed aggregate driveway, swimming pool, grilling station, mature landscaping and over-sized two-car garages with extra storage space.

312 South is located in north Tempe, along S Hardy Drive, within walking distance to ASU, Mill Avenue, Tempe Town Lake, Orbit Shuttle and the Valley Metro Light Rail. The property is located in a quiet residential neighborhood within close proximity to the Loop 202 Freeway, allowing easy access to Sky Harbor International Airport, Downtown Phoenix, Scottsdale, the valley freeway system and numerous employers.

About Vestis Group

Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential and commercial real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment and retail investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios), income producing single-family investment properties, neighborhood strip centers, retail power centers, retail strip centers, neighborhood grocery, retail PAD and retail shopping centers. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartments units, condos, single-family homes and home sites.

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