4th Quarter Sales

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The Ledges at West Campus in Tucson Sold for $23 Million

TUCSON, Arizona — Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) announces the sale of The Ledges at West Campus, a 205-unit apartment property in Tucson, Arizona. The $23 million sales price equates to $112,195 per unit. “Previous ownership improved the presentation of the property and minimized capital cost exposure for […]

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Twin Peaks Retail Property in Marana Sells for $5.12 Million

Marana, Arizona — 7455-7475 W Twin Peaks Road in Marana sold to John Kai, Jr., LLC for $5.12 million ($275 PSF). This is the second purchase at Twin Peaks Plaza for the investor. Earlier this year, 7555 W. Twin Peaks Rd, an 8,540-square-foot retail pad building, was purchased for $2 million ($234 PF). Twin Peaks Road connects

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