Mark at 87 apartments is a 92-unit multifamily community located in Mesa, Arizona. Built in 1970, the property is situated in the exploding East Valley of Metro Phoenix. The consistency of unit size and proximity to employment, education, and entertainment situates this community as a great fit for young professionals and students. Located off Country Club Drive between the 202 and 101 freeways and a short distance from highway 60, Mark at 87 is advantageously positioned to deliver easy commutability to the entire Phoenix metro and its diverse employment hubs.
Upon acquisition, the property remains 99 percent occupied with all units in classic condition. Sterling’s management team will implement its strategic capital improvement plan to reposition the asset. Mark at 87 will be renovated to include a modern paint scheme, enhanced landscaping, updated office, pool area, outdoor lounge, and upgraded unit interiors with a high end finish out.