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1381 North Gilbert Road
SOLD

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

1381 North Gilbert Road

MultiFamily
clock iconSold 156 days ago
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Summary

Sale
ARIZONA
MultiFamily

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.

Details

Deal Summary
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SOLD
IMAGE: Gary Burton DATE: 02/16/2024 ADDRESS: 1381 North Gilbert Road & 7403 North 91st Avenue MARKET: Gilbert & Glendale, AZ ASSET TYPE: Multifamily SELLER: Gary Burton - Cavan Cos BROKER: Berkadia SALE PRICE: $125,280,000 UNITS: 355 ~ PPU: $352,901 NOTE: Cavan Cos. has sold two built-to-rent properties, totaling 355 units, in Gilbert and Glendale, Arizona, for a combined $125.28 million.

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Address1381 North Gilbert Road

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