Marcus & Millichap closes on apartments, industrial sites and RV storage

Marcus & Millichap announced several commercial property transactions: an industrial portfolio of four food-processing buildings on Liberty Street in Springfield sold for $1.075 million. In California, Amber Pines Apartments, a 23-unit property in Upland, sold for $5.9 million, while Anaheim’s 29-unit Empire Apartment Homes sold for $8.5 million; the Empire buyer plans renovations to raise rents. Pedron’s RV Storage, an 80,824-square-foot vehicle storage facility in Vancouver, Washington, sold for $5.52 million, with the broker noting that specialized vehicle storage faces less competition than the broader self-storage market. In Evergreen, Colorado, The Center at Evergreen, a 45,729-square-foot office property, sold for $3.1 million.