Cushman & Wakefield Brokers $66.5 Million Sale Of 214-Unit Multifamily Community In Gilbert Arizona

The transaction involved the sale of Elevation at the Village, a newly constructed 214-unit garden-style multifamily community located at 1935 South Santan Village Parkway in Gilbert, Arizona. The property sold for $66,500,000, resulting in a price per unit of $310,748.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $66,500,000
• Units: 214
• Price Per Unit: $310,748
• Market: Gilbert, AZ
• Brokers: David Fogler, Race Carter & Steven Nicoluzakis - Cushman & Wakefield

Cushman & Wakefield facilitated the transaction, representing the parties involved. The brokerage team comprised David Fogler, Race Carter, and Steven Nicoluzakis, who coordinated the sale of this multifamily asset in a competitive market.