A 248-unit mid-rise apartment complex in Gilbert has traded hands in an $80 million transaction.
Atlanta-based Wood Partners sold Alta Cooley Station, located at 2550 S Recker Road, to a private individual based in California, according to a Dec. 26 announcement. Wood Partners was represented in the transaction by Steve Gebing and Cliff David of Institutional Property Advisors, which also procured the buyer. IPA is a division of California-based Marcus & Millichap (NYSE: MMI).
The four-story complex has an average unit size of 957 square feet.
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