Kokopelli Village Apartments | 278 South Tegner Street, Wickenburg, AZ 85390 | 32 Units | $2,150,000 | $67,188 Per Unit | $106.84 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (July 6, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,150,000 / $67,188 Per Unit / $106.84 Per SF sale of Kokopelli Village Apartments, a 32-unit multifamily apartment property located in Wickenburg, Arizona.
Built in 1997, Kokopelli Village Apartments is an adobe-style community comprised of (25) one-bedroom / one-bathroom units, (1) two-bedroom / one-bathroom unit, and (6) large two-bedroom / two-bathroom units. All units are individually metered for electricity, water, and gas. Community amenities include a swimming pool with pergola, barbeque station, spacious courtyard with large fountain, and attractive landscaping.
Located in Downtown Wickenburg, Kokopelli Village Apartments is within walking distance to the town’s many restaurants, shops, schools, and parks.
ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the buyer in this transaction.
“Kokopelli Village is a perfect, light value-add play with pride of ownership over the last decade from the previous owner,” Drake said. “Rental demand in Wickenburg, Arizona is at an all-time high, with a dwindling supply of available rentals. With less than ten commercial multifamily buildings in Wickenburg, the buyers for Kokopelli Village locked themselves into a healthy serving of the town’s apartment rental market share.”
The buyer and seller are 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.