IS News & Transactions

Berkadia Completes Sale of Utah Multifamily Property

2/2/2017

Berkadia today announced the recent sale of Solameer Townhomes, a multifamily property located in Herriman, Utah. Senior Directors James Wadsworth and Greg Barratt of the Salt Lake City office completed the sale, which closed on December 30, 2016.

“Utah has one of the most solid economies in the nation,” said Barratt. “With a growing population, increasing job market and very low unemployment, Utah offers a great investment opportunity. As a newer property, Solameer is a particularly attractive asset.” 

Built in 2015, Solameer Townhomes consists of 134 one-, two-, and three-bedroom high-end luxury townhome units. Townhome amenities include direct access one- or two-car garages, elevated ceilings, granite countertops, faux wood flooring and blinds. Community perks include a fitness center with a child's room, a swimming pool and hot tub and a playground. The property is highly walkable to nearby dining and retail options, and is conveniently accessible via Bangerter Highway and Mountain View Corridor. 

Located at 13357 S. Prima Sol Drive in the south end of Salt Lake County. The south end of Salt Lake County and the north end of Utah County has been dubbed Silicone Slopes due to the high number of Bay Area companies locating here. Top area employers include Oracle, eBay, Adobe, Boeing, Ancestry.com, and Vivint. 

Herriman's population is expected to surpass 40,520 people by 2021, growing more than 28.4 percent over the next five years—well above the expected national population growth rate of 4.3 percent over the same period.