ABI Multifamily brokers 78-unit East Mesa assisted living community for $3.8 million

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Copper Heights Assisted Living
ABI Multifamily announced the $3,800,000 sale of Copper Heights Assisted Living in Mesa, Arizona.

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,800,000 / $48,718 Per Unit / $61.32 Per SF sale of Copper Heights Assisted Living in Mesa, Arizona. ABI Multifamily’s Carson Griesemer, Dallin Hammond, and Mitchell Drake represented the buyer and seller in this transaction.

Copper Heights Assisted Living is a mid-sized assisted living property built in 1974 and has been vacant since 2019. The building is built from wood frame construction and comprised of 28 one-bedroom / one-bathroom units and 50 studio units. On-site amenities include a laundry facility, dining hall, and activity rooms. The property has easy access to the US-60 (Superstition Freeway) and is just minutes away from Banner Desert Medical Center, Arizona Golf Resort and Event Center, and the Dreamland Villa Desert Nature Trail.

The buyer and seller are based in Arizona.