May 18, 2016
Tucson apartments sell for $3.12M
Marcus & Millichap (NYSE: MMI), a commercial real estate investment services firm with Phoenix offices, completed the sale of Tucson apartments, the Desert Cove, a 70-unit apartment property.
Don Morrow, regional manager of the firm’s Phoenix office, said the asset sold for $3,120,000.
Hamid Panahi, James Crawley, Cliff David and Steve Gebing, 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.
Desert Cove is located at 1201 N. Alvernon Way in Tucson.