Luna Bear 94 — Sale in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Phoenix, AZ 85037
  • Year built: 2022

Photos

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Description

Jones Lang LaSalle Americas, Inc. ("JLL"), as exclusive advisor, is pleased to present for sale Luna Bear 94 (the "Property"), a 94-unit, cottage-style build-to-rent community located at 9000 West Indian School Road in Southwest Phoenix. Built in 2022, the Property combines the privacy of detached, single-family living with the ease of a professionally managed rental community, offering a diverse unit mix of one-, two-, and three-bedroom cottage homes averaging ±957 square feet across 80 one-story buildings on a ±7.79-acre site.

Market Context

This multifamily in Phoenix, AZ is listed for sale. The building dates to 2022. Compare it against other multifamily listings for sale in Phoenix, AZ — view the full market.

As of Q1 2026, the Phoenix multifamily market showed a 12.1% vacancy rate, average asking rents near $1561.50/unit/mo, rents up 2.9% year over year, and cap rates around 5.9%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Phoenix?
About 5.9% as of Q1 2026, per multiple brokerage reports.
Is the Phoenix multifamily market tightening or softening?
Vacancy is around 12.1%, with asking rents rising year over year (Q1 2026).

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