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Mountain Park Apartments in Phoenix Sells for $40.4M

The community was developed in 1994. The property is set against a scenic backdrop of Phoenix Mountain Preserve and South Mountain State Park.

The community was developed in 1994. The property is set against a scenic backdrop of Phoenix Mountain Preserve and South Mountain State Park.

PHOENIX — An undisclosed buyer has purchased the 240-unit Mountain Park apartments in Phoenix’s Ahwatukee Foothills Village for $40.4 million. The community is located at 4221 E. Ray Road.

Mountain Park has immediate access to Interstate 10, Loop 202/the Santan Freeway, U.S. 60/the Superstition Freeway, Loop 101/the Price Freeway and the Loop 202 Expansion/South Mountain Freeway. The community was developed in 1994.

Institutional Property Advisors brokered the sale.

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