Berkadia closes sale of student housing complex

By Adelina Osan | MHN Online

Sundance Bay of Salt Lake City recently sold The Mark, a student housing complex, for $16.8 million or at $104,280 per unit. The property located within walking distance from Arizona State University (ASU) was acquired by national student housing firm Nelson Brothers of Aliso Viejo, in a deal negotiated by Berkadia.

Located at 1115 E. Lemon St. near Loops 101 and 202, The Mark is situated near downtown Tempe and Tempe Town Lake. Top employers in the area include Arizona State University, State Farm, Wells Fargo and United States Postal Service.

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December 8, 2015

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