Title: Principal, Designated Broker
Location: Phoenix, AZ
Member since: May 22, 2012Vestis Group
Location: 1317 & 1321 W McDowell Road, Phoenix, AZ, 85007
Comments: Vestis Group is pleased to announce that Principals Natan Jacobs and Les Litwin have completed the sale of McDowell Apartments, an 8-unit multifamily community located in the sought after F.Q. Story Historic District in Downtown Phoenix, just north of Midtown Phoenix, Arizona for $719,000 / $89,875 Per Unit. Pinnacle AZ Development LLLP of Phoenix, Arizona sold McDowell Apartments, located at 1317 & 1321 West McDowell Road, in the F.Q. Story Historic District of downtown Phoenix to the Virani Family Trust of San Francisco, California for $719,000 / $131 Per Square Foot. Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the Seller in the sale of this Phoenix multifamily property. Tom Rizen with R.A.N. Realty & Property Management represented the Buyer.
Date: Sep 30, 2014
Transaction Amount: $719,000
Cap Rate: 6.75%
Parties: Natan Jacobs, Chad Barber, Les Litwin
Location: 1819 North 40th Street, Phoenix, AZ, 85008
Date: Aug 28, 2014
Transaction Amount: $240,000
Cap Rate: 9.00%
Erica Rodgers, Realty One Group, Inc.
Location: 3728 East Monterosa Street, Phoenix, AZ, 85018
Comments: Property had been completely remodeled in 2014. Average Rents at time of sale were $1,175. Vestis Group received 6 offers the first week of the listing. At the sale price of $1,064,800, the actual cap rate was 7.25%. Over the last 12 months, Vestis Group has purchased 8 multifamily apartment communities in the Phoenix area. They are looking to acquire another 7 or 8 projects before the end of the year. http://vestis-group.com/multi-family-residential-investment/
Date: Jul 18, 2014
Transaction Amount: $1,064,800
Parties: Marion Valle, Natan Jacobs, Les Litwin, Victoria Miachika
Location: 1018 West Roosevelt Street, Phoenix, AZ, 85007
Comments: Vestis Group is pleased to announce that brokers Natan Jacobs, Les Litwin and Victoria Miachika have completed the sale of Roosevelt 11, a 5,028 square feet, single-level, freestanding office building, located near Roosevelt Row in Downtown Phoenix, for $372,000 / $73.99 per square foot. Ronald Yenney of Ephrata, Washington sold the Roosevelt 11 office building, located at 1018 West Roosevelt Street, in Downtown Phoenix to Harder Development from Phoenix, Arizona for $372,000. Natan Jacobs, Les Litwin and Victoria Miachika with Vestis Group in Phoenix represented the Seller in the sale of this Phoenix office building. Matt Seaman with CK Property Management, LLC in Phoenix represented the Buyer.
Date: Jun 13, 2014
Transaction Amount: $372,000
Location: 4331 North 12th Street, Phoenix, AZ, 85014
Comments: Suite 102 - Signed a 12-month lease at $595 per month. Suite 103 - Signed a 12-month lease at $695 per month.
Date: May 31, 2014
Transaction Amount: $0
1031 Exchange Expert, Acquisitions, Asset Management, Buyer Representation, Consultant, Development, Distressed property work outs, Due Diligence, Facility Management, Investment Sales, Landlord Representation, Leasing, Non-Performing Loans, Note Purchase, Owner's Rep, Private Lending, Project Management, Property Management, Real Estate Investor, Receivership, REO, REO Acquisition, REO/Short Sales, Seller Representation, Site Selection, Syndication, Tenant Representation
MultiFamily Apartments, Condominium Development, HOA Development, Tax Credit Housing, Subsidized Housing, Other Residential, Big Box Retail, Neighborhood Center, Outlet Center, Power Center, Regional Center, Super Regional Center, Restaurant, Single Tenant Retail (NNN), Mixed Use, Commercial Land Development, Residential Land Development, Street Retail, Strip Center, Multifamily Land, Free Standing Building
Years of Experience:
Brief ProfileI can help you buy, sell, manage and invest in Phoenix Arizona real estate. I specialize in Multifamily, Bulk Condos and Residential Investment properties.
- I'm designated broker, principal and co-founder of Vestis Group, Arizona’s leading multifamily real estate brokerage, management and investment firm. I have developed, built, renovated, constructed, improved, asset-managed and sold thousands of apartments, condos, lofts, townhomes, townhouses, high rise, condominiums, homes and home-sites. In 2012, I was recognized as a Top Deal Maker in Phoenix by Loopnet, Inc. I attended Arizona State University and currently reside in Phoenix with my wife and two sons. I am a fan of modern architecture, snowboarding and the Sun Devils. License #BR525576000.
I specialize in Phoenix Apartments For Sale.
Please contact me at 602-281-6202 or Natan@Vestis-Group.com to discuss any of the following:
- • Selling distressed real estate assets or non-performing notes
- • Buying distressed Apartments, Fractured Condos (Bulk Condos) and/or Single Family assets
- • Working with an experienced commercial broker to help with the buying or selling of property on a fee basis
- • JV with a Phoenix-based operator on distressed single and/or multi-family opportunities
- • Lending capital to a seasoned operator for distressed asset acquisitions
- Multifamily Investments
- Investment Real Estate
- Lofts and High-Rise Condos
- Town Homes and Townhouses
- Bulk-Condo Sales
- Infill Land Sales
- Over $260 Million in Closed Sales Transactions
- Licensed RE Agent/Broker since 2001
- T 602-281-6202 x1
- F 602-283-4619
- E Natan@Vestis-Group.com