Suburban Phoenix Apartment Complex Purchased for $13.7 Million

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announces the sale of Mesa Ridge, a 151-unit apartment complex in Mesa, Arizona. The $13,725,000 sales price equates to $90,894 per unit.             “Completely remodeled in 2009, Mesa Ridge benefits from its equidistant location…