Colliers Represents Sale Of Country Brook Apartments In Chandler For $109.5M

The multi-family asset located at 4909 West Joshua Boulevard in Chandler, AZ, was sold for $109,500,000. This property consists of 396 units, with a price per unit of $276,515. The asset is situated in a high-growth area of Phoenix, demonstrating strong characteristics due to its proximity to Intel and other technology firms.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $109,500,000
• Units: 396
• Price Per Unit: $276,515
• Market: Chandler, AZ

The sale was managed by Colliers, with brokers Cindy Cooke, Brad Cooke, Chris Roach, and Matt Roach representing the transaction. The property was noted for its steady rent growth, high occupancy rates, and attractive amenities in a technology-driven neighborhood.