Sandpainter, Phoenix, AZ

A 116 – Unit Value Add Multifamily Community

Why You Should Consider This Project

Project Overview

  • 116 Unit upon 5 acres
  • Individually metered for separate utilities
  • 24 Studio/ 64 1BR/ 28 2BR
  • Current Occupancy Rate 95.6%
  • 8% Pref
  • 70/30 Split
  • Exited projected Cap Rate 4.5%
  • 16.86% IRR
  • 2.06x Multiplier
  • 5yr Hold

Area Highlights

  • Fastest Growing Metropolitan area in US.
  • Highest cumulative rent growth since 2018 @ 37%
  • 10yr Population growth 18.3% against US average of 5.96%
  • Year over Year job growth rate of 2.27% vs. national average of 0.9%
  • Top 5 in nation Business Expansion @ 6.5% annual growth
  • Nations fastest growing household income over past 10yr

* The preferred return is not guaranteed as it relies on the performance of the Fund and the underlying assets. The estimated multiple is net of all fees and commissions.

Our CEO Dana Cornell filmed a brief video to explain:

Our CEO Dana Cornell filmed a brief video to explain:

Property Overview

  • Location: 2225 West Indian School Road, Phoenix AZ 85015
  • 116-units spread over 5.88 Acres developed in 1978
  • Total Square feet 67,180
  • Electric Metering Individual
  • Building Type Wood Frame/Stucco
  • Number of Stories 2
  • Number of Buildings 8
  • Swimming Pool with Shaded Seating Areas
  • Stand-Alone Leasing Office with Kitchenette
  • Children’s Playground
  • Spacious Walk-in-Closets in all Units
  • Covered and Uncovered Parking 164
  • Copper Electrical and Plumbing
  • Individual Air Conditioning
  • Electrical, HVAC, and Hot Water Individually metered

Property Location

An abundance of dining and entertainment options are just a short drive away at Uptown Plaza at the intersection of Camelback Road and Central Avenue where residents have ready access to desirable destinations such as: Postino’s, The Windsor, Federal Pizza, Joyride Taco House, Shake Shack, Lou Malnati’s Pizzeria, and Flower Child, among many more. The nearby 7th Street Restaurant Corridor also offers iconic dining options such as: Culinary Dropout, Bevvy Uptown, Pita Jungle, and Spinato’s Pizzeria.


Dana Cornell

Dana Cornell is a Certified Investment Management Analyst and Certified Financial Planner, who’s passion is to take the uncertainty out of investing and provide consistent returns his clients can count on.

Dana has over 20 years of experience in the financial industry, and Cornell Capital was born out of a need recognized to truly create consistent, predictable income and wealth creation.

  • Forbes Recognized 2021 Best in State Financial Advisor
  • Former Executive Director at Morgan Stanley
  • 3x Named Forbes America’s Top Next-Gen Wealth Advisors
  • Licenses Held:
    • Series 7
    • Series 63

Forward Looking Information: This page may contain forward-looking information relating to our business strategy and measures to implement strategy and other matters. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements.  We cannot guarantee future results, level of activity, performance or achievements and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. We undertake no obligation to update or revise publicly any forward-looking statements except as required by applicable legislation.

Financial Estimates: This page may contain certain financial projections. We cannot guarantee future results, level of activity, performance or achievements. Consequently, we make no representation that the actual results achieved will be the same in whole or in part as those set out in the financial projections. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any financial projections to reflect any change in our expectations or any change in events, conditions, assumptions or circumstances on which any such financial projections are based.