Phoenix Apartments Sell for $32,000 a Unit

PHOENIX--A local investor has purchased a 64-unit apartment complex in north Phoenix for $2.065 million.

By D.J. Burrough | October 18, 2000 at 01:01 AM

Investment Opportunities Inc., headed by Jeff Flores, purchased the Northview Estate apartments, a 64-unit complex at 16802 N. 26th St. The sale price translates into $32,265 per unit.

Vancouver B.C., a Canada-based JGN LLC headed by Jack Gechman, was the seller. JGN had owned the property for six years.

The Phoenix office of Marcus & Millichap represented both parties in the transaction.

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