Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
Ocotillo Oasis, a 42-unit apartment property located at 6220 W. Ocotillo Road, Glendale, is under new ownership.
Commercial real estate brokerage firm Marcus & Millichap announced the sale. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $4,925,000.
“Located less than one mile west of downtown Glendale and the Grand Avenue Expressway, Ocotillo Oasis is positioned with nearby access to retail and major transit into downtown Phoenix,” Marcus & Millichap’s Phoenix office vice president of investments Paul Bay stated in a news release. “Future ownership will have the opportunity to execute a programmatic interior renovation program including the incorporation of in-suite laundry across all units.”
Ocotillo Oasis’ first 32 units were built in 1984, and the final 10 units were added in the second phase of building in 2016 for a total of 42 units. The unit mix consists of 24 one-bedroom/one-bathrooms and 18 two-bedroom/one-bathrooms.
Amenities at Ocotillo Oasis include a swimming pool, community laundry, playground, dog run, cantilevered carports and LED emergency lighting.
