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Gilbert, AZ Apartment Community Sells in $18.5 Mil Deal

12/27/17

The Vintage, a 107-unit, Class A apartment property in Gilbert, AZ, traded hands for $18.55 mil ($173.4k/unit). The property is located at 1303 West Juniper Ave, west of Hwy 87 and south of Hwy 60.

The Vintage is a two-story property located east of the southeast corner of Guadalupe and McQueen Roads in Gilbert. Built in 2000, the property features a recently upgraded resort-style pool and spa, indoor basketball court, an indoor racquetball court, billiards room, fitness center, playground, clubhouse with theater room, and a business center/conference room.

Offering studio, one-, two- and three-bedroom options, The Vintage has an average unit size of 1.2k sf of space. Unit interiors include fireplaces in select units, 9-foot ceilings, walk-in closets, washer dryers and gourmet style kitchens.

The property was purchased by Pathfinder Gilbert Holdings II LLC, out of San Diego. The seller, Clear Sky Vintage L.P., an entity formed by Phoenix-based Clear Sky Capital, was repped by David Fogler and Steven Nicoluzakis of Cushman & Wakefield.





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