Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of V on 26th, a 11-unit apartment property located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $2,750,000.
“Located in a residential neighborhood immediately south of the Biltmore, Central Phoenix’s preeminent office corridor, V on 26th offers residents unparalleled access to major employment and lifestyle amenities,” said Paul Bay, first vice president investments in Marcus & Millichap’s Phoenix office. The buyer, a private investor, was procured by Paul Bay.
V on 26th is a 6,450-square-foot property comprised of seven one-bedroom/one-bath units and four two-bedroom/one-bath units. All apartments include large front patios and in-suite laundry. V on 26th is located at 4241 North 26th Street in Phoenix, Arizona.