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Nelson Bros. Professional Real Estate Buys Student Housing Complex

The Element Sacramento Sells Sacramento Property
December 7, 2017
The Element Sacramento sold an 18-building, 288-unit student housing multifamily complex for $81.89 million, or about $284,323 per unit.

The 792-bed complex on Fourth Avenue near Cal State Sacramento was built in 2004. Nelson Bros. Professional Real Estate LLC acquired the property, which was 99.1% occupied at the time of sale.

Tim Bradley, Randall Calvert of TSB Realty and Kevin Keenan of DBA Keenan & Co. represented the seller.

Please see CoStar COMPS #4045285 for more information on this transaction.
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