The Modern on Ocotillo 6220 W Ocotillo Rd 42 Unit Apartment Building $11,376,748 CAD ($270,875 CAD/Unit) Glendale, AZ 85301

Stationed just south of the Glendale Avenue and 62nd Avenue intersection, The Modern on Ocotillo (“the property”) is a 42-unit multifamily community with a unit mix consisting of 57% one-bedroom units and 43% two-bedroom units. The asset's proximity and direct exposure to Glendale Avenue provides excellent visibility from one of the primary roadways in Phoenix's West Valley Submarket. Positioned approximately 4-miles from the world's Largest Christian University, the property benefits from the accessibility of Grand Canyon University, with ±25,000 on-campus student population. In addition, the TSMC Campus, representing Arizona’s largest foreign direct investment in the state’s history, has been a primary catalyst to the West Valley’s boom. The West Valley is also home to some of The Valley's top major employment corridors, including, Loop 101 West Corridor, South Peoria Corridor, and SW Valley Industrial Corridor, boasting a combined ±148,000 employees and ±3,900 businesses. Glendale's Westgate Entertainment District and the Cardinal's Statefarm Stadium is a short drive from The Modern on Ocotillo, providing residents access to premier entertainment and dining experiences, including, NFL Football Games, concerts, and much more.
Originally built in 1984, and Phase II completed in 2016, The Modern on Ocotillo offers 42 units covering an average of ±662 square feet. The entire exterior and common area of the property has been upgraded with new paint, turf/pavers, gazebo/pergola and a new security gate. Future ownership will have the opportunity to upgrade the interior of select units with premium finishes to capitalize on the associated rental premium already proven out at the property. Thereafter, ownership shall have the option to convert the over-sized laundry room into an additional amenity space or potentially create an additional unit.