PHOENIX, ARIZONA – 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 The Dayton, an eight-unit apartment property located in Phoenix, Arizona.

According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $2,800,000 ($350,000 per unit).

“Located in the Coronado historic district immediately east of Midtown, one of Phoenix’s most dynamic and rapidly developing employment corridors, The Dayton is uniquely positioned for continued desirability and rental growth due to strict barriers to future competition in the immediate neighborhood,” shared Paul Bay, first vice president investments in Marcus & Millichap’s Phoenix office. The buyer, a private investor, was procured by Bay.

Built in 2021, The Dayton maintained 75 percent occupancy at contract. This was an all-cash transaction. The apartment community is located at 2245 North Dayton Street in Phoenix, Arizona.

The National Council of Exchangors (NCE) is a non-profit trade association comprised of real estate licensed professionals from across the country.

The 2022 Leadership Team is to be headed by Tom DeSollar, EMS, President. He is a long-term Realtor from Tucson, AZ. The balance of the 2022 leadership team is:

• Debbie Ferrari, EMS, President-Elect, San Clemente, CA
• Demetrios Tsimis, EMS, Secretary, Encinitas, CA
• Tyler Nepote, Treasurer, EMS, Wichita, KS
• Blake Allen, Director, EMS, CCIM, Manitou Springs, CO
• Charles Sutherland, EMS, Director, Carrollton, TX
• Kara Libster, Executive Administrator, Belgrade, MT

The organization meets quarterly at National Conferences to conduct marketing and educational events. At the conferences, members of NCE can present property offerings for the sale or exchange of properties Nationwide. At the four day events, commercial, multifamily, industrial, hospitality and land properties are offered for sale or exchange. Events are highlighted with industry specific educational courses, such as: Introduction to Equity Marketing, Creative Real Estate Formulas, (designed to help better structure successful sales and exchange solutions), Transaction Structures, and other real estate related topics.

NCE understands that knowledge and creativity are the keys to success for its members’ clients. They achieve higher levels of education in Client Counseling, Creative Formulas, Marketing, Exchanging, Financing, Tax considerations and Transaction Structure. NCE also offers the Equity Marketing Specialist (EMS) designation to qualified members. NCE Membership is limited to licensed real estate professionals and attorneys.

NCE affiliate chapters are located throughout the country and meet at their own local group sessions. The local Arizona NCE affiliate chapter of NCE is the Arizona Real Estate Exchangors (AZREX) headed by James Buchanan of Tucson.

The next NCE Marketing and Education event will be held January 24-27 AT THE Tuscany in Las Vegas. For further information about NCE, contact Kara Libster, Executive Administrator.

FARMINGTON, N. M.– 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 Slim Chickens, a 2,890-square-foot net-leased property located in Farmington, New Mexico, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office.

Zack House, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Matthew Reeves, broker of record in the firm’s New Mexico office, assisted in closing this transaction.

Built in 2021, Slim Chickens is primely located down the road from Animas Valley Mall, the largest shopping center in the Four Corners Region, in a dense retail corridor near The Home Depot, Safeway, Petco, Staples, and Hobby Lobby. The asset is visible to over 38,570 vehicles per day along East Main Street and easily accessible to 46,320 residents within a five-mile radius with an average annual household income of $74,000. Farmington is the largest city in San Juan County and the major industrial and retail hub of the Four Corners region. Slim Chickens is located at 3475 East Main Street in Farmington, New Mexico.