MARCUS & MILLICHAP SELLS CENTRAL PHOENIX MULTIFAMILY FOR $2,650,000 or $126,190 PER UNIT

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The Shorewood, a recently renovated mid-century art deco style apartment building in the Midtown Phoenix corridor. The asset commanded a sales price of $2,650,000 or $126,190 a unit. Brian…