The Franciscan is a stabilized asset with significant value-add potential. The property
features block construction with pitched, asphalt shingled roofs and a combination of
single and two-story buildings.
The property is centrally located with strong drive-by exposure on the heavily traveled
35th Avenue, and less than one mile away from Grand Canyon University with a ground
student base of 19,000+ students and state of the art facilities.
Dominant mix of two and three bedroom units which caters well to the areas workforce.
Excellent upside in operations due to value-add opportunities, as well as improvement
in rent levels due to a marketwide lack of affordable housing.
