MARCUS & MILLICHAP SELLS CENTRAL PHOENIX MULTIFAMILY FOR $1,995,000 or $110,833 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 Mode at 18, a recently renovated boutique apartment building in the Central Phoenix, Arizona. The asset commanded a sales price of $1,995,000 or $110,833/unit. Brian Tranetzki and Rich Butler,…