Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2004
Building Area
Land Area ()
Number of units 290

Property Description

Jones Lang LaSalle Americas, Inc. is pleased to present the opportunity to acquire Trevi Apartment Homes (the “Property”), a 290-unit luxury garden apartment community located in Chandler, Arizona. Constructed in 2005, Trevi is situated in the heart of Chandler, one of the fastest-growing and most successful communities in the nation. The Property enjoys walkable access to Chandler Fashion Center and the surrounding premier retail and entertainment amenities. Trevi is also proximate to the Price Road Corridor office submarket featuring a diversified base of high-wage technology, financial services, and medical employment. Trevi offers residents expansive and well-appointed one, two, and three-bedroom floor plans averaging 996 square feet in size. The Property is luxuriously amenitized, featuring two resort-style swimming pools and spa areas with cabanas, tuck-under garages with tandem parking, an outdoor kitchen with BBQ grills, a fully-equipped fitness center, and the lushest landscaping in the submarket, highlighted by a vineyard. The Property’s location within Chandler affords residents access to the best-performing school district in Metro Phoenix, Chandler Unified School District. Trevi features quick access to the Loop 101 and Loop 202 interchange, providing connectivity to the I-10 and US-60 freeways. The Property offers a proven value-add opportunity, with 76% of units available to bring to a fully renovated scope. Trevi is offered free and clear, enabling investors to take advantage of the favorable current financing environment.

Investment Highlights

  • Exceptional, Proven Value-Add Opportunity
  • Walkable Access to Hundreds of Premier Amenities and Retail Outlets
  • Strong Multifamily Fundamentals Result in Outsized Returns
  • Thriving Chandler Submarket
  • Expansive Price Road Employment Corridor with a Substantial Technology Presence 
Last Updated Date: 10 Sep 2021
John Cunningham
John P. Cunningham
Managing Director, Capital Markets
License details
NV - S.0174792
Charles Steele
Charles Steele
Managing Director, Capital Markets
License details
NV - BS.0144397

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Last Updated Date: 10 Sep 2021

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