Metro Living at Cactus Park 53 Home BFR Investment Portfolio, Glendale, AZ 85304

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Building Details:

• Year Built: 2019

Metro Living at Cactus Park 53 Home BFR Investment Portfolio is located in Glendale, AZ.

The subject property is an infill area of Northwest Phoenix. It is located north of the NWC of 43rd Avenue and Cactus Road. The site is divided by Charter Oak Road, which runs east/west from 43rd Avenue and then curves south to connect with Cactus Road. A Fry’s grocery-anchored shopping center is located directly across 43rd Avenue from the subject, easily walkable. Further, there is a Walgreens and YouFit just south of the subject, which are located in a smaller retail strip center.

Per a market study prepared by Belfiore Real Estate Consulting, the Central Glendale submarket is a mature area with a diverse core of residents. Due to its geographical location, interest in the area is high with very little new product offered for rent or sale in the past 15 years. A total of 158,037 people presently lives within 3 miles of the subject, which is expected to increase by .99% per year for the next 5 Years.

Average household income in a 3-mile radius is $66,182 with an average household size of 2.68
persons. The number of households is 58,184, which is projected to increase to 61,027 within 5
years. 30.5% of residents have an Associate or higher college degree.