Scottsdale-based Priority Investments purchased the Crest Apartments, a 47-unit complex at 6702 N. 17th Ave. The sale price equates to $31,000 per unit. The complex is about a mile east of Interstate 17, just north of Chris-Town Mall.
The seller, R.L. Chapman LC of Chestnut Hill, Massachusetts owned the property for two years prior to the sale.
The Phoenix office of Marcus & Millichap represented both principals in the transaction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
