4th Quarter Sales

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Institutional Property Advisors Brokers Sale and Arranges Financing for Two Multifamily Assets in Tucson

TUCSON, Ariz., Nov.4, 2022 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of two multifamily properties in Tucson, Arizona: La Mirada, a 201-unit asset built in 1973, and 258-unit Sierra Vista, constructed in 1976. The properties sold for a combined total of $65.15 million. IPA’s Clint Wadlund,

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Marcus & Millichap Brokers The Sale of The Zone, a 26-Unit Apartment Building in Tucson, Arizona

TUCSON, Ariz., November 3, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Zone, a 26-unit  / 112 bed student housing apartment property located in Tucson. The asset sold for $13,800,000 ($531,000 per unit / $123,000

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CBRE Completes $7.5 Million Sale of Banner Alzheimer’s Institute

Tucson, Arizona (Nov. 2, 2022) – CBRE has completed the $7.5 million sale of Banner Alzheimer’s Institute, a 15,084 square-foot, Class-A medical office in Tucson’s Catalina Foothills submarket to a private investor. David Montijo of CBRE represented the seller in this transaction. Located at 2626 E. River Road on the corner of East River Road

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