Fiesta Arms apartments sells in Phoenix

Elain and Maher Meida from Phoenix has purchased the Fiesta Arms apartment complex, a 20-unit multi-family property located at 8822 North 1^st Street in Phoenix, from FSFA 89, LLC, of Phoenix, Ariz. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the seller in negotiating the $740,000 transaction.