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These Are the Best of Times to Sell Apartment Properties in Tucson

3rd Quarter Sales, News / By

TUCSON, Arizona – With inventory low and demand high, prices are going up for Tucson multifamily investments. These seven sales totaled $5.54 million for an aggregate of 96-units an average of $57,700 per unit. “Demand for multifamily properties far surpasses supply in the market accounting for lots of little deals being transacted,” Allan Mendelsberg, Principal

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New Multifamily Development Coming to Roosevelt Row Arts District

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PHOENIX, Arizona – Cushman & Wakefield announced that an entity formed by Phoenix-based Alliance Residential purchased 1.527 acres within the Roosevelt Row Arts District at the northeast corner of 3rd Street and Portland Street in Phoenix for $6.45 million ($97 PSF). David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller, Edgehill Investments

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Marcus & Millichap Arranges the Sale of Triple-Net-Leased Arby’s in Bullhead City, AZ

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BULLHEAD CITY, Ariz.– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a triple-net-leased Arby’s located in Bullhead City, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,750,000 ($565 PSF).

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