GILBERT, AZ—Marcus & Millichap Real Estate Investment Services has arranged the sale of Legacy Village at Gilbert Towne Center, a 147-unit multifamily property in Gilbert to a San Diego-based private buyer $15,.65 million.
Steve Gebing, a vice president investments and Cliff David, also a vice president investments, both in Marcus & Millichap's Phoenix office, represented the seller, Legacy Partners Residential. The buyer, a San Diego-based private investor, was represented by Dixie Hall of CB Richard Ellis' San Diego office. The selling price equates to $106,463 per unit.
“Legacy Village at Gilbert Towne Center is the signature destination for luxurious apartment living in the young and affluent town of Gilbert,” says Gebing.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
