Hannay Investment Properties has sold Sundancer Apartment Complex in Tolleson, AZ for a reported $1.75 million.

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Hannay Investment Properties, a court appointed receiver, sold the 76-unit Sundancer Apartment complex located at 400 N. 96th Ave. in Tolleson, AZ to Navaho Holding, Inc. for $1.75 million, or approximately $23,000 per unit.

The 66,160-square-foot apartment community consists of 24 one-bedroom and 52 two-bedroom units. It was built in 1985 in Maricopa County and was 85 percent occupied at the time of sale. Brian Smuckler and Jeff Seaman with Marcus & Millichap represented both sides in the transaction.

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