Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Casa Antigua, a 76-unit apartment property located in Sierra Vista, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $5,100,000.
Hamid Panahi, Cliff David, Steve Gebing, Tony Cassie and Dan Mahoney, 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. The buyer, an individual/personal trust, was secured and represented by Peter R. Flis, an investment specialist in Marcus & Millichap’s Sacramento office.
Casa Antigua is located at 2299 Oakmont Drive in Sierra Vista, Ariz.