Award-winning, 11-unit multifamily asset brings $836,363 per unit
“This very unique, luxury property is located near one of the most prestigious intersections in the Phoenix metropolitan area,” says Chris Roach of Colliers in Arizona. “The Scottsdale and Camelback roads location offers unrivaled entertainment and walkability and is surrounded by Scottsdale’s preeminent development projects.”
Chris Roach, Brad Cooke, Matt Roach and Cindy Cooke of Colliers in Arizona represented the seller, MZ2 Partners, LLC (Ed Gorman of MODUS Development and Mark Winkleman of MGS Realty) in the transaction. The buyer was Baxter/Tao Family Trust from California.
MZ Scottsdale was constructed in 2019 by award-winning MODUS Development, which is nationally recognized as a premier developer of Net Zero Energy (NZE) and LEED-H buildings. MZ Scottsdale includes 11 luxury rental townhomes, consisting of one-, two- and three-bedroom units, and was 100 percent occupied at the time of the sale.
The community is recognized for its eco-friendly, Net Zero Energy design. The community was progressively constructed with a comprehensive design that integrates sustainability, energy efficiency, style, lower operating costs and technology to create superior resident lifestyle. Each unit is pre-wired for solar connectivity with Control4 home automation throughout. All of the units are designed to meet a Home Energy Rating System (HERS) score of 0 or less.
The three-story units average 1,570 square feet and offer direct-access garages. MZ Scottsdale features first-class, premium finishes, including stainless steel appliances, quartz waterfall countertops, Italian porcelain flooring, 10-foot ceilings and expansive floor-to-ceiling windows/doors. The open-concept floorplans offer oversized bathrooms, large walk-in closets and spacious patio/balconies.
About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers and LinkedIn.
Colliers in Arizona has served clients locally and globally for more than 40 years.