PB Bell And PCCP LLC Sell 392-Unit Multifamily Complex In Chandler AZ For $137.5M

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.