SUN VALLEY RANCH TRADES HANDS FOR $31.5 MILLION

by admin

MESA, ARIZ. — Phoenix-based Tidan USA has acquired Sun Valley Ranch, a 308-unit apartment community located at 7353 E. University Dr. in Mesa, for $31.5 million or $102,273 per unit. A partnership between Steve Robson of Tempe, Ariz.-based Scott Homes and Chuck Kohlhase of Mesa sold the property. At the time of acquisition, the property was 90 percent occupied. Danny Lee and Neil Sherman of Scottsdale, Ariz.-based Axxiom Partners LLC represented both parties in the transaction.

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