Phoenix, Ariz. – Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Sol @ Christown, a 24-unit apartment property located in Phoenix, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,700,000.
“From the start of our marketing campaign until close of escrow, Sol @ Christown was available for only 23 days. Due to the listing agents’ hard work and commitment to achieving our client’s goals, we saw remarkable results in a very short period of time,” says Sarbinoff.
Paul Bay, an investment specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was also secured and represented by Bay.
“We received a great deal of interest in Sol @ Christown during the early stages of our marketing campaign. The buyer has a great opportunity to take advantage of the upside that comes along with a rapidly improving submarket,” says Bay.
Sol @ Christown is located at 1717 W Missouri Ave in Phoenix, AZ.