Berkadia Commercial Mortgage LLC has facilitated the sale of Villas de Merced, located at 520 N. Mesa Dr. in Mesa. The seller was Mercy Housing Arizona-I LP of Denver. The buyer was Sonoma Heights LLC of Scottsdale.
Vice president Dan Cheyne of Berkadia’s Phoenix office negotiated the transaction.
Villas de Merced sold for $6.2 million. The sales price reflects a per-unit price of $64,583, or $71 per square foot. The property was 98% occupied at the time of sale.
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