Marcus & Millichap arranges the sale of a 144-unit apartment building

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 Sunflower Apartments, a 144-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $6,668,800.

Hamid Panahi, Cliff David, Steve Gebing and James K. Crawley, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a private investor, was secured and represented by Lane Schwartz , an investment specialist in Marcus & Millichap’s West Los Angeles office.

Sunflower Apartments is located at 6502 East Golf Links Road in Tucson, AZ.