Vestis Group Completes Sale Of Melrose Place Apartments

By Mandy Purcell | Commercial Executive Magazine

Vestis Group is pleased to announce that Principals Natan Jacobs and Les Litwin have completed the sale of Melrose Place Apartments, a 13-unit multifamily community located in the sought after Arcadia neighborhood of Phoenix, Arizona for $750,000 / $57,692.31 per unit.

JMRS Melrose, LLC of San Diego, California sold the Melrose Place Apartments, located at 3110 N 40th Street, in the Arcadia neighborhood of Phoenix to a private investment group from Arizona for $750,000. Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the Buyer in the off-market sale of this Phoenix multifamily property. Brian Smuckler with CBRE in Phoenix represented the Seller. – more at cem-az.com

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