FLAGSTAFF, AZ – Olympus Property announces the successful acquisition of Mountain Trail, a Class A garden-style apartment building in Flagstaff, Arizona.
The Mountain Trail is strategically located at the intersection of Interstate 40 and 17, Flagstaff's major thoroughfare, just 150 miles north of Phoenix. It is the only multi-family community in the Flagstaff market with direct access garages, which is a popular demand in cities with colder climates. Community amenities include a large hot tub and fireplace, a state-of-the-art fitness center, sauna room, putting green, and hiking and jogging trails. Mountain Trail homes feature 9-foot ceilings, stainless steel appliances, granite countertops, plank floors, and smart home technology.
"Mountain Trail is one of the most sought-after assets in the Flagstaff market because of its superior location and unique garage design with direct access. The lack of supply and government restrictions in Flagstaff make this an attractive opportunity for our partners and Olympus," he said Chase Bennett, director of acquisitions.
The city of Flagstaff is a thriving market that is seeing growing growth for those looking for a quieter alternative to Phoenix – so much so that Flagstaff USA is today on 2018.com's list of the ten best places to avoid noise, light and air pollution has set. Flagstaff is the primary educational, commercial, and cultural hub for northern Arizona, including a large number of high technology and development industries. With more than 44% of residents with a bachelor's degree or higher, Arizona has the most educated workforce. All within five miles of Mountain Trail are the city's largest employers: the state's third largest university, North Arizona University (3,500 jobs), Gore Creative Technologies (3,000 jobs), and Flagstaff Medical Center (2,000 jobs). Known as the City of the Seven National Wonders, Flagstaff has everything from Grand Canyon National Park to the San Francisco Peaks, including the Arizona Snowbowl, one of the only two ski resorts in Arizona, just 30 minutes north of the property. Just three miles from the property is Aspen Place in Sawmill, a mall anchored by the Whole Foods Market and REI.
Founded in 1992, Olympus Property owns and manages some of the most desirable multi-family properties in the United States. Olympus Property is headquartered in Fort Worth, Texas. In a 28-year history, the company has grown into a successful and recognized name in the multi-family industry, owning and operating approximately 17,000 units in ten states.
Source: Olympus property