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Marcus & Millichap Arranges $8.6M Sale of Tremont Street Apartments on California’s Santa Catalina Island
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Marcus & Millichap Arranges $8.6M Sale of Tremont Street Apartments on California’s Santa Catalina Island
AVALON, CALIF. — Marcus & Millichap has arranged the sale of Tremont Street Apartments, a 62-unit affordable housing property in Avalon, the only incorporated city on Santa Catalina Island. The asset sold for approximately $8.6 million. The seller was a limited partnership known as Black Rose Catalina, and the buyer was Newport Beach, Calif.-based Tailwind Investment Group. Arteen Zahiri and Tony Azzi, both members of the Azzi Group in Marcus & …
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