Wood Partners has recently sold the 248-Alta Cooley Station multifamily property in Gilbert for a whopping $80 million, averaging to $322,581 per unit. The seller was represented by Investment Property Advisor’s Steve Gebing and his team, while the buyer remains undisclosed. This four-story asset was completed in January of 2023 and had already reached full occupancy before the end of that year.
The location boasts major employers such as Boeing, Intel, Morgan Stanley, Northrop Grumman,and Arizona State University. Additionally,the immediate walking distance offers access to Verde at Cooley Station – a sprawling 23-acre lifestyle center inspired by Main Street with various amenities including health and wellness facilities,recreational areas,dining options,and a park.
Alta Cooley Station features top-notch amenities like a swimming pool,a spa,outdoor entertainment spaces,a modern leasing office/clubhouse,micro-offices,private conference rooms,and workspaces.Apartments come equipped with private patios or balconies with an average size of 957 square feet.
This recent sale marks Wood Partner’s successful exit from this prime property without any mention of Connect CRE or its affiliated locations.Connect CRE is not responsible for any information regarding this transaction.
