Log In/Sign Up
Your email has been sent.
Sanctuary On 22nd 8530 N 22nd Ave 266 Unit Apartment Building $129,230,397 CAD ($485,829 CAD/Unit) Phoenix, AZ 85021
Investment Highlights
- Premier multifamily property featuring luxurious amenities and an unbeatable location within an Opportunity Zone in North Phoenix.
- Sanctuary on 22nd is comprised of a mix of studio, one-, two-, and three-bedroom unit types, ranging from 394 to 1,179 square feet.
- Multiple on-site resort-style amenities include two lavish pools with cabanas, a business center, a renovated gym, and a spacious clubhouse.
- Highly accessible location with seamless access to Interstate 17, Highway 51, and Metro Light Rail, providing regional connectivity across Phoenix.
Executive Summary
Sanctuary on 22nd, located at 8350 North 22nd Avenue in Phoenix, offers an excellent opportunity to acquire a stabilized multifamily property within an Opportunity Zone. With colorful green grounds and sophisticated interiors, these apartments shelter tenants from the city’s bustle in a bubble of upscale comfort while maintaining a connection to nearby amenities.
Sanctuary on 22nd offers residents a mix of studio, one-, two-, and three-bedroom units, ranging from 394 to 1,179 square feet. Each layout features generous living spaces that are melded gracefully with two-tone color schemes, newly updated cabinets, and brushed-nickel hardware. The kitchens feature modern layouts, black appliances, and contemporary backsplashes. Each apartment features luxurious vinyl flooring and designer lighting fixtures that create the ideal ambiance for unwinding.
Residents have access to numerous on-site resort-style amenities, including two swimming pools with cabanas, a newly renovated fitness center, a business center, a conference room, and a contemporary clubhouse with a coffee bar, fireplace, and a social patio. Residents enjoy direct access to all areas of North Phoenix with easy access to Interstate 17, Highway 51, and the Metro Light Rail. Popular venues like Metro Center Mall, Castles and Coasters, and Christown Spectrum Mall are all close by.
Sanctuary on 22nd offers residents a mix of studio, one-, two-, and three-bedroom units, ranging from 394 to 1,179 square feet. Each layout features generous living spaces that are melded gracefully with two-tone color schemes, newly updated cabinets, and brushed-nickel hardware. The kitchens feature modern layouts, black appliances, and contemporary backsplashes. Each apartment features luxurious vinyl flooring and designer lighting fixtures that create the ideal ambiance for unwinding.
Residents have access to numerous on-site resort-style amenities, including two swimming pools with cabanas, a newly renovated fitness center, a business center, a conference room, and a contemporary clubhouse with a coffee bar, fireplace, and a social patio. Residents enjoy direct access to all areas of North Phoenix with easy access to Interstate 17, Highway 51, and the Metro Light Rail. Popular venues like Metro Center Mall, Castles and Coasters, and Christown Spectrum Mall are all close by.
Property Facts
| Price | $129,230,397 CAD | Lot Size | 10.13 AC |
| Price Per Unit | $485,829 CAD | Building Size | 195,223 SF |
| Sale Type | Investment | Average Occupancy | 87% |
| No. Units | 266 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | M-H - Multifamily | ||
| Price | $129,230,397 CAD |
| Price Per Unit | $485,829 CAD |
| Sale Type | Investment |
| No. Units | 266 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 10.13 AC |
| Building Size | 195,223 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 0.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M-H - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Fireplace
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Tub/Shower
- Walk-In Closets
- Patio
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Pool
- Spa
- Gated
- Grill
- Conference Rooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 145 | - | 632 - 707 |
| 2+2 | 121 | - | 902 - 996 |
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Azla | - | - | 10 min walk |
| Baskin Robbins | - | - | 13 min walk |
| Domino’s | - | - | 12 min walk |
| Sushi Bros | Japanese | $$$ | 15 min walk |
| Jack In The Box | - | - | 16 min walk |
Retail |
||
|---|---|---|
| Oportun | Finance Company | 13 min walk |
| United States Postal Service | Business/Copy/Postal Services | 15 min walk |
| dd's DISCOUNTS | Unisex Apparel | 15 min walk |
| El Rancho Market IGA | Supermarket | 15 min walk |
Hotels |
|
|---|---|
| Sheraton Hotel |
342 rooms
4 min drive
|
| Courtyard |
146 rooms
5 min drive
|
| Best Western |
87 rooms
5 min drive
|
| Baymont |
60 rooms
6 min drive
|
| Staybridge Suites |
126 rooms
7 min drive
|
| Hyatt Place |
127 rooms
7 min drive
|
| DoubleTree by Hilton |
284 rooms
7 min drive
|
| Hilton |
584 rooms
11 min drive
|
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $229,521 CAD | Total Assessment | $1,754,558 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$229,521 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,754,558 CAD
Sale Advisor
Sale Advisor
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Lone Star State Alexander Capital, LLC
Sanctuary On 22nd | 8530 N 22nd Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.