Bella Rosa, a 28-Unit Apartment Property in Mesa, AZ Sells for $4.3 Million

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MESA, Ariz., September 23, 2020 Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Bella Rosa, a 28-unit apartment property located in Mesa, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for$4,300,000 or $153,600 per unit.

“Given the desirable unit mix, layout, 2000’s vintage and on-site amenities, Bella Rosa is a prime candidate for a light programmatic interior renovation,” said Paul Bay, vice president investments in Marcus & Millichap’s Phoenix office. Bay had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a tenant in common, was also procured by Bay.

Bella Rosa is located at 6521 East University Drive in Mesa, Arizona. The property is located within close proximity to the Falcon Field employment corridor as well as a network of reputable East Valley medical centers. Units feature vaulted ceilings, patios and in-suite laundry.

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