Image courtesy of CBRE

An apartment complex completed in 2022 near the MBTA’s Alewife Station was acquired by an institutional investor for $182 million.

A fund advised by Goldman Sachs Asset Management bought the 294-unit Hanover North Cambridge complex, located at 50 Cambridgepark Drive.

The seller is the original developer, The Hanover Co. The purchase price works out to nearly $620,000 per square foot.

CBRE’s Simon Butler, Biria St. John, John McLaughlin and Brian Bowler represented the seller.

“The acquisition provided the buyer an opportunity to own a best-in-class building in the neighborhood, given its ideal location and exclusive lifestyle amenities as well as a tremendous upside in lease-up due to climbing rents in the area,” Butler said in a statement.

According to a report released this week by Apartment List, average asking rents for Cambridge apartments have risen 3.1 percent in the past 12 months to $2,481.

Hanover North Cambridge’s web site currently lists studio units with asking rents starting at $2,976.

The complex includes 26,000 square feet of indoor and outdoor amenity spaces. Caribbean restaurant Top Mix will occupy the 7,067-square-foot ground-floor retail space.