PHILADELPHIA-Sydenham Commons has sold its student housing facility for $5.9 million to an undisclosed local buyer. The facility comprises 27 units and 90 beds and was constructed in 2006.
The facility has been 100% occupied since it was constructed. According to Marcus & Millichap, many investors had shown interest in buying the property. Corey Lonberger and Ken Wellar of Marcus & Millichap handled the sale of the property. For the full story, go to Philadelphia Business Journal.
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