Saturday, March 15, 2008

Marcus & Millichap Sells Quail Point Apartments in Phoenix for $15.85M


PHOENIX, AZ – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Quail Point Apartments (above photo) a 264-unit multi-family community in Phoenix. The sales price of $15.85 million represents $60,038 per unit.

Michael Hubl, a vice president of investments and associate director of Marcus & Millichap’s National Multi Housing Group in Phoenix, and Ryan Ash, a senior associate also in the firm’s Phoenix office, represented the seller, New Castle Investments LLC. Marcus & Millichap also represented the buyer, Thomas Christensen and Craig Haskell of 3 Street Financial LLC.
“Quail Point Apartments is a well-maintained multi-family community in the thriving Phoenix market,” says Hubl.

Located at 3045 North 67th Ave., Quail Point Apartments features a mix of one- and two-bedroom units with spacious floor plans. Amenities include air conditioning, ceiling fans, controlled-access entry, covered parking lot, extra storage, fireplaces in select units, on-site laundry facility, private patio or balcony, sauna and tennis court.

Contact:
Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/

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