Marcus & Millichap Brokers $21M West Central Phoenix MF Asset Sale
Te Kampe says, “The seller was looking to capitalize on opportunities in other markets. The property was on the market for just over a month when an offer came in that the seller ultimately accepted. Even in the wake of the current global health crisis, property revenue held steady and even increased.”
The unnamed buyer plans to implement renovations that will cater to a severely underserved segment of the rental demographic in this submarket, notes Te Kampe.