Bradshaw Vista Apartments | 560 Penn Lane, Wickenburg, AZ 85390 | 48 Units | $3,155,000 | $65,729 Per Unit | $65.83 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ (December 8, 2020) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $3,155,000 / $65,729 per Unit / $65.83 per SF sale of Bradshaw Vista Apartments, a 48-unit property in Wickenburg, AZ.
Built in 2004, Bradshaw Vista apartments is a fully affordable property that consists of 48 units. The property features an attractive unit mix of three-bedrooms (50%), two-bedrooms (38%), and one-bedrooms (12%). The community’s surrounding area features multiple outdoor recreation areas such as a plethora of hiking trails and Coffinger Park that hosts a skate park, tennis courts, a public pool, lounge areas, and a softball field.
The city of Wickenburg is showing a very strong demand in housing while being situated in Maricopa county, a diverse economic base that is thriving. The local area is surrounded by numerous employment opportunities like life sciences, health services, tourism, light manufacturing, and equestrian events.
Brad Pickering, Senior Vice President at ABI Multifamily, said “Bradshaw Vista is a unique property from an affordable housing perspective since it is located in a ‘hometown’ community while having the advantages of being in Maricopa County. Affordable housing continues to be in demand throughout Arizona providing a key ingredient for Bradshaw Vista’s continued performance into the future."
ABI Multifamily’s Brad Pickering represented the buyer and seller.
The buyer is an Arizona-based private investment firm. The seller is a Maryland-based private investment firm.
ABI Multifamily (http://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, Sacramento and San Diego, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.