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A 292-unit multifamily property, Cabana Happy Valley, located in North Phoenix near the Dear Valley and I-17 interchange has recently sold for $79.25 million or $271,404 per unit. The sale was facilitated by IPA’s Steve Gebing and his team who represented the seller.

The property is situated on nine acres of land and boasts a two-story clubhouse with amenities such as a fitness center, lounge area, coworking space, swimming pool, car charging stations,and bike storage. It also offers covered parking for residents.

Cabana Happy Valley fills a need for nearby residents as it is just miles away from the upcoming $40 billion Taiwan Semiconductor campus. Despite high home prices in the area (with an average annual household income of $141