Gary Burton's Cavan Cos Sells Gilbert & Glendale Multifamily For $125.28M Via Berkadia

A multifamily asset comprising a total of 355 units was recently sold in Gilbert and Glendale, Arizona. The properties, located at 1381 North Gilbert Road and 7403 North 91st Avenue, were part of a transaction that amounted to $125,280,000 with a price per unit of $352,901.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $125,280,000
• Units: 355
• Address: 1381 North Gilbert Road & 7403 North 91st Avenue
• Market: Gilbert & Glendale, AZ
• Seller: Gary Burton - Cavan Cos
• Broker: Berkadia

Cavan Cos., represented by Gary Burton, successfully sold these two built-to-rent properties in a deal brokered by Berkadia.