Real Estate

Glendale apartment complex sells for $6.4M

Posted 7/27/21

Granity Manor, a 42-unit apartment property located in Glendale, recently sold for $6.4 million.

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Real Estate

Glendale apartment complex sells for $6.4M

Posted

Granity Manor, a 42-unit apartment property located in Glendale, recently sold for $6.4 million.

Granity Manor is comprised of 42 units, 10 of which were built in 2016 and the remaining 32 were constructed in 1984. The apartment includes a pool, community laundry, playground, dog run, covered parking and exterior lighting. Granity Manor is located at 6220 W. Ocotillo Road.

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Marcus & Millichap’s Phoenix office arranged the sale.

“Less than one mile from Glendale High School, Grand Avenue Expressway (Route 60) and Historic Downtown Glendale, Granity Manor is well-positioned for employment and neighborhood amenities,” Paul Bay, first vice president investments in Marcus & Millichap’s Phoenix office, stated in a news release. “The seller, Andre Golnazarian, sold Granity Manor as part of a portfolio including another mid-sized apartment community in West Phoenix called Georgia Villa.”

Bay sold the property on behalf of Golnazarian. The buyer, a private investor, was also procured by Bay.

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