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PHOENIX — Marcus & Millichap has arranged the sale of Oasis on Grand, an apartment community in Phoenix. Oasis TC LLC sold the asset to 1501 Grand LLC for $7.5 million.
Located at 1501 Grand Ave., Oasis on Grand offers 60 apartments. Richard Butler of Marcus & Millichap represented the seller, while Los Angeles-based Stepp Commercial represented the buyer in the deal.