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Marcus & Millichap Brokers Premium $137.5M Multifamily Deal in High-Barrier Phoenix Submarket
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PB Bell, PCCP Sell Zaterra Multifamily Property in Chandler, Arizona for $137.5M
CHANDLER, ARIZ. — PB Bell and PCCP have completed the sale of Zaterra, an apartment community in Chandler, to an undisclosed buyer for $137.5 million, or $350,765 per unit. Completed in 2023 on 22 acres, Zaterra features 392 apartments with walk-up layouts and garages spread across a two- and three-story garden-style property. Community amenities include two swimming pools with sundecks, a creative suite with a large conference room and individu…
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