Cantamar Apartments sale completed

Per-unit cost approaches $132K

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Marcus & Millichap brokered the sale of the 180-unit Cantamar Apartments complex in Glendale, Calif., for approximately $23.8 million. A company created by investor Norman Spieler sold the property to investor Daniel Tenn. Built in 1997, Cantamar is located at 16630 North 43rd Ave. The property consists of 180 garden-style apartment units on a 9.4-acre site just south of Bell Road. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. ...