Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Alta Cooley Station, a 248-unit, mid-rise multifamily property in Cooley Station, an upscale master-planned community in Gilbert, Arizona. The asset traded for $80 million, which equates to $322,581 per unit.


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Alta Cooley Station’s proximity to Loop 202 provides residents convenient access to employment in Gilbert’s central business district, the Gateway Employment Area, Elliot Road Technology Corridor, Chandler Airpark Area, and Price Road Corridor. 
  • Major area employers are Boeing, Intel, Morgan Stanley, Northrop Grumman, and Arizona State University. 
  • Verde at Cooley Station, a 23-acre, Main Street-inspired lifestyle center with health and wellness facilities, retail, dining, and a park is within immediate walking distance.

Alta Cooley Station is a four-story asset with a swimming pool and spa, outdoor entertainment space, open-concept leasing office/clubhouse, micro-offices, private conference room, and workspaces. Apartments have expansive floorplans, nine- and 10-foot ceilings, extra-wide entryways, laundry closets with full-size washers and dryers, and a private patio or balcony. The average unit size is 957 square feet.