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132-Unit Flagstaff Complex Drives $8.9-Mil Sale

FLAGSTAFF, AZ-A Salt Lake City investor has paid $8.9 million for the 132-unit Forest Meadows Apartments in the growing community of Flagstaff. Seller Judy Bassham, a private investor from San Diego, had owned the property for nine years.

By D.J. Burrough | Updated on August 22, 2001

FLAGSTAFF, AZ-A private investor from Salt Lake City has purchased a 132-unit apartment complex in the northern Arizona town of Flagstaff. The $8.9-million selling price equates to $67,424 per unit.

Investor Steve Urry bought Forest Meadows Apartments, situated at 1000 W. Forest Meadows St., from Judy Bassham, a private investor from San Diego, who had owned the property for nine years.

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