Western Wealth Capital Buys Multifamily Property Near ASU for $17 Million

Amber Gardens, located less than one mile away from the Arizona State University campus in Tempe, features amenities including two pools and a spa. Amber Gardens, located less than one mile away from the Arizona State University campus in Tempe, features amenities including two pools and a spa.

Tempe, Ariz. — Vancouver, Canada-based Western Wealth Capital has acquired Amber Gardens, a 164-unit multifamily community located less than one mile away from the Arizona State University campus in Tempe, for $17 million.

The property — built in 1985 — features a mix of studio, one- and two-bedroom units. Amenities include two pools; a spa; a 24-hour fitness center; a clubhouse; and laundry facilities. United Development Group was the seller in the transaction. Carrick Sears and Chip Kloppenburg of SVN Desert Commercial Advisors represented the buyer.

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