CHANDLER, AZ-A 1994s vintage lakefront property in Chandler baits an $11.8-million sale between a South Bend, IN seller and a Santa Monica, CA buyer. The Reflections of Gila Springs sale equates to $73,750 per unit.

The 160-unit, two-story complex is located at 411 N. Kyrene Rd. Mark Forrester of Hendricks & Partners’ headquarters office in Phoenix, negotiated the sale on behalf of seller, Lakeside Apartments LP. The firm’s John Kobierowski and Greg Thielen, also with the Phoenix office, handled talks for the buyer, 1985-Hull Associates LP and 1985-Crescent Associates LP.

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