NorthMarq Multifamily Sells Deserama Mobile Home Community in Mesa for $7.85 Million

Mesa, Ariz. – 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.

 

About NorthMarq Multifamily

NorthMarq Multifamily offers commercial real estate investors a personalized approach to buying and selling multifamily and manufactured housing properties by combining local market knowledge with the strength of a national platform to develop creative solutions for real estate investment opportunities. Headquartered in Phoenix with partners in Las Vegas and Albuquerque, the team has a market-leading position in multifamily property sales in the Southwest region of the U.S. and collaborates with NorthMarq Capital’s debt and equity experts nationwide to provide a full range of capital markets services.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily.  For more information please visit www.northmarq.com.

About Comfort Communities

Comfort Communities is dedicated to providing expert professional property management and real estate services. They currently manage 8 manufactured home communities, one in Colorado and the rest in Arizona. Their continued growth and success can be attributed to their steadfast commitment to their residents and investors. They pride themselves on the cleanliness and affordability of their properties. To find out more about Comfort Communities please visit: www.comfortcommunities.com.

About American Family Communities

American Family Communities owns and operates manufactured home properties across the United States. They are committed to providing their residents with an enjoyable, secure and affordable place to live. They ensure the best in resident relations, the safety of their residents, and continual maintenance and upgrades for their communities. To find out more about American Family Communities please visit: www.americanfamilycommunitiesonline.com.