Marcus & Millichap's Unit Sells Multifamily Asset In Scottsdale, Arizona For $66.1M
Benzinga Newsdesk 1 year ago
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Marcus & Millichap (NYSE: MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services,
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Marcus & Millichap (NYSE: MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, today announced that its Institutional Property Advisors (IPA), its division serving major private and institutional clients, completed the sale of Scottsdale on Main, a 119-unit, luxury midrise multifamily asset in Scottsdale, Arizona. The $66.1 million sales price represents $555,462 per unit.
Located along Main Street, the building is a short walk from Scottsdale Fashion Square, the Scottsdale Waterfront, and an exclusive list of restaurants in Old Town Scottsdale. The Arts District, The 5th Avenue Shopping District, and the Entertainment District are close by as well.