Buy&Hold (Multifamily): (625 UNITS) OFF-MARKET ARIZONA MULTIFAMILY PORTFOLIO + $210,000,000
- Promise Land Realty
- May 16
- 3 min read
Updated: May 29
Price
$210,000,000
OFF-MARKET ARIZONA MULTIFAMILY PORTFOLIO
📍 VLUX at Peoria Heights | Camden Copper Square | Pavilions on Central
📧 Submit All Offers: investments@promiselandrealtyllc.com
Consultant Fee: 3% Paid by Buyer
No Seller Financing Available
No Assumable Debt
Portfolio Purchase Price: $210,000,000 + 3% Consultant Fee
Total Unit Count: 1,169 Units Across 3 Institutional-Quality Assets
Total Combined NOI (T12/Pro Forma): $17,248,622
Blended Cap Rate (Pro Forma): ~4.5%
🔹 Property 1: VLUX at Peoria Heights
📍 9190 N 83rd Ave, Peoria, AZ 85345
💼 NOI (Pro Forma): $9,450,000
📈 Cap Rate: 4.5%
🏘️ Units: 189
📅 Year Built: 2023
🧱 Buildings: 148 (All Single-Story)
📐 Net Rentable SF: 158,823
🌳 Land Size: 15.31 Acres (12.35 Units/Acre)
🅿️ Parking: 358 Total (40 Detached Garages, 193 Covered, 125 Uncovered)
🧺 In-Unit W/D: Yes (Full-Size)
📊 Occupancy: Stabilized at 94%
🌄 Highlights:
Class A construction in booming Northwest Valley
Gated, low-density community with minimal deferred maintenance
Surrounded by strong commercial growth and high-income demographics
🔹 Property 2: Camden Copper Square
📍 Phoenix, AZ
🏘️ Units: 332
💼 T12 Revenue (2024): $8,098,469
💸 T12 Expenses: $3,619,997
📊 NOI (T12): $4,478,472
🌇 Highlights:
Downtown Phoenix location with strong tenant demand
Upside potential through value-add or operational efficiencies
Urban, walkable community with access to employment hubs
🔹 Property 3: Pavilions on Central
📍 Phoenix, AZ
🏘️ Units: 212
💼 T12 Revenue (Mar 2025): $5,721,114
💸 T12 Expenses: $2,400,964
📊 NOI (T12): $3,320,150
🏙️ Highlights:
Class B+ asset in a highly desirable infill location
Located near Central Ave corridor, light rail, and arts district
Consistent occupancy and strong historic performance
📦 Portfolio Summary
🔑 Key Investment Drivers
✅ Rare off-market portfolio of stabilized and high-performing assets
✅ All properties located in high-demand Phoenix MSA submarkets
✅ Strong existing cash flow with room for operational upside
✅ Institutional scale and quality – ideal for 1031 buyers or private equity groups
✅ Favorable landlord regulations and continued population/job growth in Arizona
Interested?
Submit all LOIs, questions, and buyer credentials to:📧 investments@promiselandrealtyllc.com
📂 Due Diligence FilesAll relevant documentation is available upon request or via the links below:
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⚠️ TEAM PROMISELAND DISCLAIMERNo individual, wholesaler, or organization is authorized to market or distribute this listing without express written consent from Promiseland Realty LLC or an active Team Promiseland Membership. Unauthorized sharing or advertising of this opportunity or its materials will result in a $500 fine per occurrence.
Property Map
Aerial View
"Your #1 Source for Off Market Investment Properties, NATIONWIDE"
PROMISE LAND REALTY LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
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