REBusinessOnline

64-UNIT STUDENT-HOUSING COMMUNITY FETCHES $6.5 MILLION

REXBURG, IDAHO — Danny Shin, Michael Beckstead and Mathew Bird of Marcus & Millichap represented the seller, Nauvoo LLC, in the disposition of Nauvoo House Apartments in Rexburg. Located at 175 W. Fifth South St., the 76,800-square-foot student-housing community features 382 beds in 64 three-bedroom/two-bath units. The property is located minutes from the BYU-Idaho campus. The property sold to an undisclosed seller for $6.5 million or $101,563 per unit.

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