East Valley Apartment Complex Sells For $138 Million | Living In Phoenix Arizona - We Buy Phoenix Apartments - Vestis Group

East Valley Apartment Complex Sells For $138 Million | Living In Phoenix Arizona

EAST VALLEY APARTMENT COMPLEX SELLS FOR $138 MILLION

LIVING IN PHOENIX, ARIZONA

East Valley Apartment Complex Sells For $138 Million

 

By Leah Mesquita, Phoenix Business Journal, bizjournals.com | May 20, 2025

A Chandler property just became one of the largest luxury apartment sales of the year.

The 392-unit Zaterra luxury apartments was purchased last week in an all-cash, $137.5 million transaction, according to Tempe-based real estate database Vizzda LLC. It marks the second significant sale of luxury apartments this month, following the $97.5 million sale of The Core Scottsdale on May 7.

For context, the Zaterra sale would have marked the Valley’s No. 5 largest largest multifamily sale of 2024. The complex, built in 2021, extends across 22 acres and was sold for $350,765 per unit, according to Vizzda. Zaterra’s units were acquired at a higher price than the reported median in the Valley in 2024, which according to Northmarq was $288,000.  – more at bizjournals.com

 

Thinking about investing in Phoenix real estate? Have a property to sell in Arizona? Tell us what you’re searching for. Connect with us to buy, sell, or lease multifamily, residential and commercial real estate in Phoenix, and across Arizona. Let’s work together.

Natan Jacobs, Vestis Group

Call: 602-281-6202

Email: Info@Vestis-Group.com

 

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