(Press release)
Prescott Valley, Ariz. – Marcus & Millichap Real Estate Investment Services, has arranged the sale of The Terraces at Glassford Hills, a 226-unit apartment community located in Prescott Valley, Ariz. The asset commanded a sales price of $22,385,000.
Steve Gebing, a vice president investments and Cliff David, also a vice president investments, both in Marcus & Millichap’s Phoenix office, represented the seller, Aspen Square Management Inc. Gebing and David also represented the buyer, Irvine, Calif.-based The Bascom Group in coordination with the group’s local affiliate, Bascom Arizona Ventures LLC, which is based in Scottsdale, Ariz.
