Aura Central_Property for Sale
Aura Central_Property for Sale
3883 N Central Ave, Phoenix, AZ, 85012, US

Aura Central

Asset Description

Completed in 2022, Aura Central stands out with its opulent, high-end finishes and an exceptional array of upscale amenities that are truly unmatched in the Midtown area. This unique combination has fueled an extraordinary demand, resulting in an impressive average of 24 leases per month since its grand opening. As such, Aura Central offers investors a distinctive opportunity to invest in a highly stable and exceptionally located luxury apartment community. Boasting a main-and-main location in Midtown Phoenix, Aura Central provides residents with unparalleled access to a dynamic, urban lifestyle, characterized by the convenience of being within walking distance to the highly anticipated $1 billion Park Central Mall Redevelopment and the esteemed $100 million Creighton University Health Sciences Campus. The property’s prime positioning has continuously attracted a diverse range of tenants, evident in its distinguished status as the fastest lease-up in Midtown. Moreover, Aura Central is strategically positioned within an exceptionally stable job corridor, with an impressive 33% of the local population working in the medical profession. With renowned institutions such as St. Joseph’s Hospital, The Barrow Neurological Institute, and Ivy Brain Tumor Center all within walking distance, the property effortlessly attracts high-income renters, ensuring a constant influx of desirable tenants. In essence, Aura Central presents a compelling investment opportunity, with the potential for steady rental income and substantial long-term value appreciation. With its superb location, luxurious amenities, and high-end design, the property emerges as a premier choice for investors seeking stability and profitability within the luxury apartment market.

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Attributes

Number of units
251 units
Occupancy
80%
Year built
2022
Building area net
17,932 m²
Land area net
6.47 ha (64,750 m²)

Media

Investment Highlights

  • Located Within Phoenix Medical Quarter
  • Walking Distance To Park Central & Creighton University
  • Centrally Located With Access To Phoenix's Premier Employment & Entertainment Hub
  • Fastest Lease-Up In Midtown Phoenix
  • Vacancy Of Nearby Office Assets Creates Job Upside
  • Well Positioned Within A Recession Resistant Job Corridor

Contact brokers

Aura Central (0 Properties)

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Last updated
24 Oct 2023