The SEBO is located within the Roosevelt Row district in downtown Phoenix (Photo courtesy of Marcus & Millichap)
August 22, 2016
Roosevelt Row apartments sell for $1.2M
The Phoenix offices of Marcus & Millichap (NYSE: MMI), negotiated the sale of The SEBO, an early century historic apartment building located in the prestigious Roosevelt Historic District of Downtown Central Phoenix.
The asset commanded a sales price of $1,200,000 or $150,000 per unit. The property is located at 402 W. Roosevelt St., Phoenix, Arizona.
Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office had the exclusive listing, marketed the property and negotiated the transaction on behalf of the seller, a local private investment partnership.