Updated May 20, 2025
PB Bell And PCCP LLC Sell 392-Unit Multifamily Complex In Chandler AZ For $137.5M
200 West Germann Road
$137,500,000
$350,765/SF
Building Size
392 SF
Asset Type
MultiFamily
Closing
May 19, 2025
About this deal
AI
The transaction involved a 392-unit multi-family complex located at 200 West Germann Road in Chandler, AZ. The property was sold for $137,500,000, translating to a price per square foot of $350,765. Completed in 2023, the low-density asset is positioned near major employers and offers condo-style living.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $137,500,000
- Square Footage: 392
- Address: 200 West Germann Road
- Market: Chandler, AZ
- Seller: PB Bell and PCCP, LLC
- Broker: Steve Gebing & Cliff David - Institutional Property Advisors
This sale was facilitated by Institutional Property Advisors, which successfully closed the transaction. The brokers Steve Gebing and Cliff David represented the seller in this deal, highlighting their role in navigating the complexities of the real estate market.
On the Map
$137,500,000
$350,765/SF
MultiFamily
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Players
Chandler MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93