A Glendale apartment property sold for $51.6 million, or $280,435 per unit.

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Cantala, a 184-unit apartment property at 5959 W. Greenway Road.

“Built in 1986, Cantala is a garden-style apartment community strategically positioned in the heart of the Northwest Valley,” IPA executive Managing Director Steve Gebing stated in a news release. “As well as offering an all-encompassing neighborhood setting, Cantala’s investment strengths lie with the nearby land scarcity and increasing development costs, providing consistent occupant interest and growth potential for the new owner as rental demand continues to expand in the area.”

Gebing and Cliff David, IPA executive managing director, represented the seller, Investors Capital Group, and procured the buyer, Western Wealth Capital.

Cantala features a mix of one- and two-bedroom units with open-concept living areas, in-unit washers and dryers as well as private balconies and patios. Residents can use the property’s swimming pool, spa, fitness center, clubhouse and covered parking.