The Sterling
Photo courtesy of Pathfinder Partners

The Sterling Photo courtesy of Pathfinder Partners

Pathfinder Partners based in La Jolla has sold an Arizona apartment complex for $30.9 million.

The Sterling, a complex with 107 apartments in the Phoenix suburb of Gilbert, was acquired by Casa Anita Apartments, LLC.

Built on a 9.3-acre site in 2000, the complex of 13 residential buildings has six studio lofts, 21 one-bedroom, one-bathroom apartments, 40 two-bedroom, two-bathroom apartments, and 40 three-bedroom, three-bathroom apartments.

Pathfinder Partners acquired the property, previously known as The Vintage, in December 2017 and made $1.4 million in renovations before selling it.

The Sterling was 97% occupied at the time of the sale.

David Fogler of Cushman & Wakefield Multifamily Advisory Group brokered the transaction.