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 3 At West Ajo, a 236-unit apartment property located in Tucson, Ariz., according to Donald D. Morrow, regional manager of the firm’s Phoenix office.
The asset sold for $7,050,000.
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 limited liability company, was secured and represented by Peter R. Flis , an investment specialist in Marcus & Millichap’s Sacramento office.
3 At West Ajo is located at 1240, 1310, 1502 West Ajo Way in Tucson.