Millburn & Company Acquires Springs At Cooley Station In Gilbert For $85M

Berkadia has facilitated the $85.35 million sale of Springs at Cooley Station, a 276-unit garden-style multifamily property in Gilbert, Arizona. The property, located at 4210 E Williams Field Rd, is situated in the thriving market of Gilbert, Arizona and is classified as a MultiFamily asset.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $85,350,000
• Units: 276
• Price per Unit (PPU): $309,239

The buyer in this transaction is Jed Millburn, representing Millburn & Company. On the other side, James H. Schloemer of Continental Properties Company, Inc acts as the seller of Springs at Cooley Station. The sale was facilitated by brokers Andrew Curtis, Dan Cheyne, Mark Forrester, and Ric Holway, all of Berkadia.

It is worth noting that Springs at Cooley Station is a garden-style multifamily property that provides a favorable investment opportunity in the Gilbert, Arizona market. The successful transaction reflects the confidence in the property and its potential for strong returns.