Apartments Sell for $1.4 million

PHOENIX-Investment company acquires 56-unit complex from original developer.

By D.J. Burrough | August 31, 2000 at 01:01 AM

Scottsdale-based Priority Investment Inc. purchased for $1.4 million the Keen Apartments, a 56-unit complex at 16621 N. 25th Street. The complex is 80% leased.

The seller is Bob Keen, a local investor who also developed the property. CB Richard Ellis represented both parties in the transaction.

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