Canyon Vista Apartments | 93 Kings Way, Sierra Vista, AZ 85635 | 40 Units | $3,434,000 | $85,850 Per Unit | $103.45 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (January 25, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,434,000 / $85,850 Per Unit / $103.45 Per SF sale of Canyon Vista Apartments, a 40-unit multifamily apartment community located in Sierra Vista, Arizona. The Buyer was represented by ABI Multifamily's Desiree Palmer, Carson Griesemer, Dallin Hammond, and Mitchell Drake.
Built in 1973 and renovated in 2016, Canyon Vista Apartments is a 40-unit apartment community located in Cochise County. The building consists of (6) 1-bedroom units, (26) 2-bedroom/1-bathroom units, and (8) 3-bedroom/1-bathroom units. Many of the units have had a variety of updates with some of the units including new appliances, faux wood flooring and new carpeting.
The property is situated just east of State Route 92 and south of Highway 90. There is also a substantial amount of commercial presence in the area with its proximity to the Coronado Village Shopping Center providing residents a myriad of shopping and dining options in the immediate area including Target, CVS, Fry’s Food and Drug, Big Lots, Dickey’s Barbeque, Buffalo Wild Wings, Starbucks, Chili’s Grill & Bar and much more all within walking distance.
Fort Huachuca Army Base, which lies approximately 6.3 miles from the property, is the primary economic driver of the area which houses and circulates upwards of 5,600 military personnel, 8,000 civilian personnel, and over 11,000 family members according to 2018 data. As a result, a variety of supporting defense, scientific, and professional industries have been established in the surrounding area which includes: Raytheon, General Dynamics Information Technology, Northrop Grumman Corporation, and ManTech Telecommunications & Information Systems Corporation.
The buyer is based in New York and the seller is based in Arizona.
ABI Multifamily (https://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.