Institutional Property Advisors, a Marcus & Millichap company, is pleased to announce that it has been retained as the exclusive advisor for the disposition of Adobe Ridge, a 224-unit apartment community located between the affluent and amenity rich trade area known as Arrowhead and the North I-17/Deer Valley Employment Corridor, an area encompassing more than 17.5 million square feet of retail, office, industrial, and flex space with more than 51,000 employees.
VALUE-ORIENTED LUXURY CLASS "A" APARTMENT COMMUNITY SITUATED IN DYNAMIC NORTHWEST VALLEY
Adobe Ridge is perfectly situated between the thriving commercial center of the North I-17/Deer Valley Employment Corridor and the Arrowhead region of Greater Phoenix, a desirable mix of employment alternatives and affluent lifestyle qualities. Built in 2005 by MLP Investments, each apartment home features nine-foot ceilings, a fully equipped gourmet kitchen, full-sized washer and dryer, abundant storage space with large walk-in closets, two ceiling fans, and a private patio or balcony with additional outside storage. Linen closets and kitchen islands are also available in select apartment homes. Community amenities include a stand-alone leasing office and a stand-alone clubhouse with kitchenette and fireplace, a state-of-the-art fitness center with cardio and weight training equipment, a fully appointed business center, one resort-style swimming pool and spa with covered cabanas, serene outdoor spaces featuring picnic areas and barbecue grills, controlled access gated entry, and detached garages (40) with automatic door openers.
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