Tucson, Ariz, – 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 Vista De Catalina, a 32-unit apartment property located in Tucson, AZ. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix and Tucson offices, the asset sold for $1,960,000.
Hamid Panahi and James K. Crawley, investment specialists in Marcus & Millichap’s Tucson’s office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
“The Seller repositioned Vista de Catalina completely since acquisition, conducting both interior and exterior enhancements,” said James K. Crawley “improving the presentation of the property while simultaneously minimizing future capital cost exposure for a new owner.”
Vista De Catalina is located at 5770 E 10th St in Tucson, AZ.#
About Marcus & Millichap (NYSE: MMI)
With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com