Tom Wolff Acquires 53-Unit Multifamily Property In Tucson, AZ For $6M

In a recent transaction in Tucson, AZ, a multifamily property located at 1039 N. Alamo Ave. has been sold. The property, consisting of 53 units, spans a total area of 42,717 square feet. The sale was facilitated by brokers Andy C. Kawatra and Sevak Keshishian from Marcus & Millichap. The transaction took place on December 29, 2021, with a sale price of $6,000,000, resulting in a price per unit of $113,207 and a price per square foot of $140.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Units: 53
• Price Per Unit: $113,207
• Total Square Footage: 42,717
• Price Per Square Foot: $140
• Address: 1039 N. Alamo Ave.
• Market: Tucson, AZ
• Buyer: Tom Wolff
• Seller: Linda Laking
• Brokers: Andy C. Kawatra & Sevak Keshishian - Marcus & Millichap

The successful sale of this multifamily property in Tucson reflects the expertise and negotiation skills of the brokers involved, Andy C. Kawatra and Sevak Keshishian. Their representation through Marcus & Millichap played a pivotal role in facilitating this transaction.