Press Releases
Marcus & Millichap Arranges $4.75 Million Sale of Fireside Apartments in Phoenix
July 08, 2026
PHOENIX, July 8, 2026 — 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 Fireside Apartments, a 20-unit multifamily property in Phoenix, Arizona, for $4.75 million.
“The Biltmore area continues to attract investors because of its central location and proximity to many of Phoenix’s premier employment, retail and lifestyle destinations,” said Richard Butler, senior managing director investments. “Well-located apartment communities in established neighborhoods remain highly sought after, particularly when they offer opportunities for renovation and long-term value creation.”
Butler, investment specialist in Marcus & Millichap's Phoenix office, represented the seller, Anna and Mike Brennen as well as the buyer, Aurora Palms LLC, c/o Imani Abdullah in the off-market transaction.
Fireside Apartments is located at 4202 N. 27th St. in Phoenix’s Biltmore neighborhood. Built in 1962, the 20-unit property sits on 1.47 acres and features vintage single-story, two-bedroom floor plans, including fireplaces and walk-out patios. As in his previous acquisitions, the buyer plans to renovate the community with upgraded interior and exterior finishes while enhancing the existing courtyard and pool areas to capitalize on the property's location near Biltmore Fashion Park, the Arizona Biltmore Resort, the Camelback Corridor and downtown Phoenix.
“The Biltmore area continues to attract investors because of its central location and proximity to many of Phoenix’s premier employment, retail and lifestyle destinations,” said Richard Butler, senior managing director investments. “Well-located apartment communities in established neighborhoods remain highly sought after, particularly when they offer opportunities for renovation and long-term value creation.”
Butler, investment specialist in Marcus & Millichap's Phoenix office, represented the seller, Anna and Mike Brennen as well as the buyer, Aurora Palms LLC, c/o Imani Abdullah in the off-market transaction.
Fireside Apartments is located at 4202 N. 27th St. in Phoenix’s Biltmore neighborhood. Built in 1962, the 20-unit property sits on 1.47 acres and features vintage single-story, two-bedroom floor plans, including fireplaces and walk-out patios. As in his previous acquisitions, the buyer plans to renovate the community with upgraded interior and exterior finishes while enhancing the existing courtyard and pool areas to capitalize on the property's location near Biltmore Fashion Park, the Arizona Biltmore Resort, the Camelback Corridor and downtown Phoenix.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
