Marcus & Millichap Sells 32-Unit Multifamily Asset in the Central Avenue Corridor Of Phoenix

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announces the sale of The Ranch at Midtown, a 32-unit apartment property located in Phoenix, AZ. The asset commanded a sales price of $2.56 million or $80,000 a unit. Brian Tranetzki and Rich Butler, multifamily investment…