PHOENIX—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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
