MARCUS & MILLICHAP ARRANGES THE SALE OF A 16-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 a 16-unit apartment property located in Chandler, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office.

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The asset sold for $1,375,000.

Pete Te Kampe and Harold McCall, 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 limited liability company, was secured and represented by Pete Te Kampe and Harold McCall. The asset is located at 301-417 West Ray Road in Chandler, Ariz.

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