NorthMarq Multifamily sells Deserama Mobile Home Community in Mesa for $7.85 million
Deserama Mobile Home Community
MESA, ARIZONA (July 11, 2018) – The 129-site Deserama Mobile Home Community, located at 2434 E. Main Street, in Mesa, Arizona sold this month for $7.85 million. Deserama MHC, LLC, an entity formed by Comfort Communities of El Cajon, California, was the buyer.
Don Vedeen, Trevor Koskovich, and Bill Hahn of NorthMarq Multifamily in Phoenix represented the buyer and seller in the transaction.
“Deserama is an iconic manufactured housing community located in the desirable Mesa/Apache Junction submarket,” says Vedeen, vice president-Manufactured Housing Investment Sales. “The new metro light rail extension is currently under construction and within steps of the community. The expansion will allow tenants easy access to commute to downtown Phoenix and Tempe.” Deserama MHC, LLC, an entity formed by American Family Communities of Castle Rock, Colorado was the seller. American Family Communities owns Mobile Home Communities throughout the Midwest; this was their only asset in Arizona.
Deserama, a 55+ age-restricted community built in 1957, comprises 103 mobile home sites and 26 RV sites on 10.21 acres. It is located on the north side of Main Street east of Gilbert Road, close to many popular golf clubs such as Westgate Painted Mountain Golf Resort and Longbow Golf Club. The community is strategically located in the heart of Mesa, which is undergoing a dramatic revitalization effort via the recent completion of Mesa Aquatic Center and a $94 million Mesa Arts Center.
Don Vedeen, Trevor Koskovich, and Bill Hahn of NorthMarq Multifamily in Phoenix represented the buyer and seller in the transaction.
“Deserama is an iconic manufactured housing community located in the desirable Mesa/Apache Junction submarket,” says Vedeen, vice president-Manufactured Housing Investment Sales. “The new metro light rail extension is currently under construction and within steps of the community. The expansion will allow tenants easy access to commute to downtown Phoenix and Tempe.” Deserama MHC, LLC, an entity formed by American Family Communities of Castle Rock, Colorado was the seller. American Family Communities owns Mobile Home Communities throughout the Midwest; this was their only asset in Arizona.
Deserama, a 55+ age-restricted community built in 1957, comprises 103 mobile home sites and 26 RV sites on 10.21 acres. It is located on the north side of Main Street east of Gilbert Road, close to many popular golf clubs such as Westgate Painted Mountain Golf Resort and Longbow Golf Club. The community is strategically located in the heart of Mesa, which is undergoing a dramatic revitalization effort via the recent completion of Mesa Aquatic Center and a $94 million Mesa Arts Center.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
