Decron Properties Acquires Multifamily Property In Gilbert, AZ For $91M

The multifamily property located at 1233 S Gilbert Rd in Gilbert, AZ has recently been sold. The transaction took place on July 28, 2022, with Decron Properties represented by David Nagel as the buyer's representative.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $91,000,000
• Number of Units: 216
• Price Per Unit: $421,296

The sale of this multifamily property represents a significant investment in the Gilbert, AZ market. The buyer, Decron Properties, recognized the value and potential of the property in this location, leading to the successful transaction. The involvement of David Nagel as the buyer's representative further highlights the expertise and strategic approach taken in this deal.