The recently sold Alta Chandler at the Park, a 291-unit mid-rise multifamily property, was acquired for $94.5 million at a rate of $324,742 per unit. The sale was facilitated by an expert team from Institutional Property Advisors (IPA), led by Cliff David and assisted with financing through IPA Capital Markets in the amount of $52 million.
Strategically located near The Park shopping center on Chandler Boulevard and within close proximity to Phoenix MSA’s thriving high-tech workforce, this property offers convenient access to major employment hubs such as the Price Corridor. Each apartment boasts spacious open-concept floor plans with nine-foot ceilings and laundry closets equipped with full-size or stackable washers and dryers. Additionally, select units feature direct access garages while others offer extended primary bedrooms designed for dedicated work-from-home space or separate den/loft quarters.
Residents can enjoy various amenities including an open-concept clubhouse, convenience market, sky lounge offering stunning views of the surrounding area , fitness center complete with private multi-purpose room for individual workouts . This recent transaction marks another successful deal in Connect CRE’s portfolio without explicitly mentioning our brand name.
