Multifamily Investment Opportunity
16485 North Stadium Way
Surprise, AZ 85374
382
Units
2009
Year Built
Property
Highlights
- Property Name
- Address
- City, State, Zip Code
- Units
- Built
- Average Annual Occupancy
- Surprise Average Household Income
Investment Highlights
Core Plus Opportunity
The institutionally owned and professionally managed community features high-quality finishes, a desirable amenity package, and efficient floorplans designed for long-term durability. Opportunities exist for targeted interior enhancements, such as modern finishes and integrated smart technology.
Strong Submarket Fundamentals | Discount to Replacement Cost
Multifamily supply in Surprise is drastically tapering off, with zero conventional multifamily units currently under construction. The city’s strong demographics, including an average household income of $105,000, combined with projected five-year population growth of 14% and income growth of 16%, create powerful tailwinds for rental demand and growth. Offered at a significant discount to replacement cost, the property provides investors with an attractive basis in a high-growth and future supply-constrained market
DEMAND DRIVERS FOR VALUE APPRECIATION
Loop 303 Growth Corridor
Major transportation and employment hub linking Surprise with Goodyear, Glendale, and North Phoenix; driving large-scale industrial, logistics, and manufacturing development
TSMC Semiconductor Expansion
$165B+ in committed investment expected to create 12,000 direct jobs and tens of thousands of high tech jobs in various supporting industries, catalyzing sustained housing demand
Destination Location
Adjacent to Surprise Stadium, home to MLB spring training and year-round events
Retail & Lifestyle Access
Walking distance to restaurants, shopping, and entertainment; near Village at Prasada, one of the West Valley’s largest retail destinations
Healthcare & Job Anchors
Banner Health, Abrazo Surprise Hospital, and Luke Air Force Base provide long-term employment stability
Transportation Connectivity
Immediate access to Loop 303, US-60, and Loop 101, providing connectivity across Greater Phoenix
Strong Demographics
$105k average household income in Surprise; significant affordability gap versus homeownership as average single-family home prices exceed $450K
High Growth Market
Surprise population has grown to 143K+ and continues to outpace state and national averages, fueled by robust in-migration
GALLERY
Contact Us
Phoenix Office
2425 E. Camelback Road
Suite 960
Phoenix, AZ 85016
Primary Advisors
John Cunningham
Senior Managing Director
602.625.7476
[email protected]
AZ License #BR034840000
Charles Steele
Senior Managing Director
602.319.5007
[email protected]
AZ License #SA645142000
Additional Advisors
Mark Forrester
Senior Managing Director
602.526.4800
[email protected]
AZ License #BR006620000
Ric Holway
Senior Managing Director
602.828.0074
[email protected]
AZ License #SA045121000
Dan Cheyne
Managing Director
602.327.4447
[email protected]
AZ License #SA578551000
Andrew Curtis
Managing Director
602.571.4190
[email protected]
AZ License #SA676613000
Mortgage Banking
Clay Akiwenzie
Associate Director
415.646.7713
[email protected]
Hank Workman
Managing Director
775.447.0595
[email protected]
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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