MARCUS & MILLICHAP ARRANGES THE SALE OF A 76-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 Casa Antigua, a 76-unit apartment property located in Sierra Vista, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $5,100,000.

sierra vista

Hamid Panahi, Cliff David, Steve Gebing, Tony Cassie and Dan Mahoney, 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, an individual/personal trust, was secured and represented by Peter R. Flis, an investment specialist in Marcus & Millichap’s Sacramento office.

Casa Antigua is located at 2299 Oakmont Drive in Sierra Vista, Ariz.

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