Olympus Property Acquires Alta Chandler At The Park In Chandler For $94.5M

The sale involved Alta Chandler at The Park, a mid-rise apartment community in Chandler, Phoenix. The property, located at 1333 West Parklane Boulevard, was sold by Wood Partners to Olympus Property for $94.5 million. The transaction price translated to $324,742 per unit, with a total of 291 units included in the sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $94,500,000
• Address: 1333 West Parklane Boulevard
• Market: Chandler, AZ
• Buyer: Chandler Wonderly - Olympus Property
• Seller: Joseph Keough - Wood Partners
• Brokers: Cliff David & Steve Gebing - Institutional Property Advisors
• Mortgage Brokers: Brian Eisendrath, Cameron Chalfante, Jake Vitta & Jesse Zarouk - Institutional Property Advisors
• Units: 291
• Price Per Unit: $324,742

Institutional Property Advisors (IPA), a division of Marcus & Millichap, played a pivotal role in the deal, facilitating the acquisition of Alta Chandler at The Park. Brian Eisendrath, Cameron Chalfante, Jake Vitta, and Jesse Zarouk, mortgage brokers from Institutional Property Advisors, also contributed to the successful completion of the transaction.