NorthMarq Multifamily sells Deserama Mobile Home Community in Mesa for $7.85 million
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 a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
