-Sperry Van Ness Chicago Commercial has completed the sale of a 118-bed student housing property located at 1028 Cedar Street in South Bend, Indiana. Senior Vice President, Reid Bennett of Sperry Van Ness, LLC represented both the buyer and seller. Associate Advisor, Dawn Overstreet assisted in the transaction. The asset commanded a sale price of $2,850,000.
“Student housing, especially near high profile campuses, garners substantial interest.” Bennett said. "This particular property is in the path of progress along Eddy Street enhancing the future value for the new owners.”
Founded in 1987, Sperry Van Ness is one of the largest and fastest growing commercial real estatefirms in the industry, with more than 1,300 Advisors in 38 states. Sperry Van Ness delivers results for clients through a proven business model that provides advanced marketing and technology tools. Based in Irvine, Calif., the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing, and auction services. Sperry Van Ness transactions total billions of dollars annually in retail, office, multifamily, industrial, self-storage, hospitality and land transactions.
Sperry Van Ness, LLC is a national full-service commercial real estate advisory firm located at 940 West Adams Street in downtown Chicago. 312.676.1866. For more information, please visit www.svnchicago.com.