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Country Villa Apartments Sells Phoenix Complex

CA Developer Purchases 130 Units for $7.7M
By Shane Beyer
June 22, 2011 | 12:06 P.M.

Country Villa Apartments LLC sold the 130-unit Country Villa’s multifamily complex located at 950 N. Gilbert Road in Gilbert, AZ to ColRich for $7.7 million, or approximately $59,200 per unit. The 80,592-square-foot apartment was constructed in 1986 and renovated in 2009. The complex is situated on 5.9-acres.

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