ANZIO is a 240-unit apartment community featuring spacious one and two bedroom apartment homes. The apartment community located on Broadway Road at Priest Drive in Tempe, Arizona. This outstanding location provides residents with access to major Valley freeways, Arizona State University, Tempe Town Lake and Mill Avenue with its unique shops, restaurants and entertainment. Public transit routes such as the Valley Metro, the Light Rail system and the free Orbit Shuttle are available to residents of Anzio. The acquisition ($25,700,000) and renovation of the property provides higher-than-market projected returns.
Anzio is located near the intersection of Priest Drive and Broadway Road in Tempe, Arizona, with frontage on both Broadway Road and Priest Drive. Anzio benefits from exposure to over 60,000 cars per day along Priest Drive and over 59,000 cars per day along Broadway Road. Anzio also benefits from being next door to Holdeman Elementary School, a well regarded school in the Tempe Elementary School District, offering grades prekindergarten through fifth grade. This close proximity offers residents of Anzio the benefit of having their children walk to school.
The City of Tempe is currently undergoing dramatic growth and has been successful in attracting some of the Phoenix area’s premier employers.