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Glenwest apartment community sells for $800,000
Posted
Commercial real estate investment services firm Marcus & Millichap announced the sale of Glenwest, a 10-unit apartment community located in Glendale.
According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $800,000.
Paul Bay, an investment specialist in Marcus & Millichap’s Phoenix office had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Each unit showcases a large open floor plan, tile flooring, individual metering for electric, and roof mounted air conditioning. Residents are granted immediate access to Glendale High School (0.25 miles), Grand Avenue Expressway (0.25 miles), and Downtown Glendale’s restaurant and shopping district (0.50 miles).