CALIFORNIA AND ARIZONA — Marcus & Millichap has brokered the sale of two retail properties in California and Arizona. In the first transaction, Brandon Michaels of Marcus & Millichap represented both undisclosed parties in the disposition and acquisition of 7227 Owensmouth Avenue, a 16,000-square-foot retail property in Canoga, Calif. The property sold for $2 million. In the second transaction, an undisclosed buyer purchased a 14,841-square-foot Wal-Mart property, which is located in Gilbert, Ariz., for $4.5 million. David Wetta of Marcus & Millichap represented the buyer; Kevin Boeve and Lior Regenstreif, also of Marcus & Millichap, represented the undisclosed seller in the transaction.