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GLENDALE, ARIZ. — Investors Capital Group has completed the disposition of Cantala, an apartment property in Glendale. Western Wealth Capital acquired the asset for $51.6 million, or $280,435 per unit.
Built in 1986, Cantala features 184 units in a mix of one- and two-bedroom layouts with open-concept living area, in-unit washers/dryers and private patios or balconies. Community amenities include a swimming pool, spa, fitness center, clubhouse and covered parking.
Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.