MARCUS & MILLICHAP ARRANGES THE SALE OF A 40-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 Kelso Vista, a 40-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,700,000.

Hamid Panahi, James K. Crawley, Cliff David and Steve Gebing, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a partnership.

Kelso Vista is located at 450 W Kelso St in Tucson, AZ.

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