MARCUS & MILLICHAP ARRANGES THE SALE OF A 318-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 Cordova Village, a 318-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $8,000,000.

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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 private investor.  The buyer, a limited liability company, was secured and represented by Hamid Panahi, Steve Gebing, Cliff David and James K. Crawley , investment specialists in Marcus & Millichap’s Phoenix office.

Cordova Village is located at 2020 South Columbus Boulevard in Tucson, AZ.  (Add info on property’s unit mix or tenant mix, occupancy rate, amenities, recent renovations and year of construction.)

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