Private investors from Del Mar, California, Rich and Mary Lou Amen, purchased the Villa Jay Apartments, a 34-unit complex at 5725 N. 8th Place. The sale price equates to just over $38,000 per unit.
The complex was owned by another California couple, Vernon and Dora Trail, for 13 years prior to the sale.
The Phoenix office of Marcus & Millichap represented both principals in the transaction.
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