Wickenden Partners Acquires Multifamily Property In Hickory, NC For $6.25M

Located at 445 11th Ave. NE in Hickory, NC, this multifamily property was recently sold in a closed transaction. The property consists of 50 units with a total square footage of 47,300. The sale price was $6,250,000, resulting in a price per unit of $125,000 and a price per square foot of $132.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,250,000
• Units: 50
• Price per Unit: $125,000
• Square Footage: 47,300
• Price per Square Foot: $132

Wickenden Partners, represented by Cyrus Mojdehi and Danny Hirschberg, purchased the property from Kinley Properties. The transaction was facilitated by Michael Deaton of Deaton Investment Real Estate.