Sahuarita, Arizona — Rancho Sahuarita Hires Diana Dessy as New Director of Land Assets Rancho Sahuarita Management Company (RSMC) is proud to announce the addition of Diana Dessy to its Executive Team. Ms. Dessy joins the team as the land development company’s new Director of Land Assets.In this role, she will be responsible for supporting the company’s development activities and commercial & residential sales.

Ms. Dessy brings a wealth of experience to the team, having an extensive background with more than 22 years of experience in asset management and real estate development from her time with Anthem Equity Group. She is an active member of Commercial Real Estate Women (CREW) Tucson.

Director of Land Assets, Ms. Dessy will help provide expertise in managing both short–and long–term asset strategy for the company and will work with the other members of Rancho Sahuarita’s Executive Team to execute the long–term vision behind the award–winning master planned community.

Jeremy Sharpe, Chief Operating Officer for Rancho Sahuarita, commented on the addition of Dessy saying “We are excited to have Diana join our team, and look forward to the value her depth of experience will provide. She will enable us to continue growing the offerings we provide our community, and further deliver on our mission of Creating a Better life for our residents.”

Rancho Sahuarita, an award-winning master planned community in Sahuarita, Arizona, creates a highly amenitized lifestyle for the community’s 18,000 residents. Each has the opportunity to experience a variety of events, classes and clubs, and enjoy amenities like parks, pools and the largest private splash park in Southern Arizona. The community is also home to the Rancho Sahuarita Marketplace and the Sahuarita Town Center, both of which include commercial spaces available for leasing or sale. The Marketplace currently features a variety of retail, medical, restaurant, and other service providers. A full municipal complex, educational facilities, a fire station, and multiple churches can be found in the Sahuarita Town Center.

TUCSON, ARIZONA — Built in 1976, the Campbell Plaza Apartments consist of 30 one-bedroom units in 6 single-story buildings totaling approximately 14,688-square-feet on approximately 1.12 acres.

The property at 1811 E Blacklidge Drive in Tucson recently sold for $1.6 million ($53,333 per unit) to Oregon investors, MLIII Investments, LLC and Clinton Ventures, LLC

Campbell Plaza Apartments enjoys superb curb appeal, features attractive low maintenance frame construction and desert landscaping that is aesthetically pleasing. Many of the coolers and all roofs were recently replaced. The parking surface has been resurfaced and is in excellent condition for future years. The kitchens in most units have been upgraded to achieve higher rents.

Each unit is approximately 480-square-feet equipped with low cost evaporative cooling, refrigerator, cable hookup, and semi- private courtyard patio. Select units are equipped with ceiling fans. Some of the property’ s former tenants have left the area to pursue employment opportunities and returned to the Campbell Plaza Apartments as repeat residents, evidencing the property’s appeal. Many of the current tenants have resided at the property for more than five years. Historically, the Campbell Plaza Apartment complex has been home to quiet singles and couples, nurses, social workers, cooks, chefs, retirees and graduate students.

The nearby University of Arizona serves as a focal point of the community, offering a full calendar of performances and events, from collegiate sports to world-class performing arts. The University of Arizona is the largest employer in the greater Tucson area, with approximately 14,000 jobs and a payroll in the range of $560 million.

John Buette of Buette DeRousse Commercial Real Estate Properties represented himself as Campbell Plaza Apartments, the seller. Joe Chaplik of Joseph Bernard Investment Real Estate represented the Oregon investors.

For more information, Buette should be contacted at 520.797.4406 and Chaplik can be reached at 480.305.5600.

To learn more, see RED Comps #6552.

[mepr-show rules=”58038″]Property sold 100% leased with a 6.56% cap rate.[/mepr-show]

PHOENIX, Arizona – CBRE has arranged a $25.5 million loan for the acquisition of The Premiere at Dana Park, a 198-unit apartment community in Mesa, Ariz.

San Diego-based Scott Peterson, Morgon Fraser, Bill Chiles and Brian Cruz of CBRE Capital Markets Debt & Structured Finance arranged the ten-year fixed rate loan through Fannie Mae on behalf of the borrower, Signature Properties.

Located at 1439 S. Val Vista Drive, the contemporary complex features nine-foot ceilings, gourmet kitchens, granite countertops, full-size washer and dryers and wood-style plank flooring. The property was built in 2018 and includes numerous modern amenities, such as a resort-style pool and spa, outdoor social space with fireplace and gas grill, a 24-hour indoor/outdoor fitness center and tenant clubhouse with a demonstration kitchen, coffee bar and resident lounge.

The community also provides bike storage, a playground, putting green and electric vehicle charging stations. Located adjacent to the Village Square at Dana Park, residents have access to an urban lifestyle center, offering upscale retailers, gourmet dining and everyday services.

The Premiere at Dana Park is in proximity to downtown Gilbert, a growing entertainment district with numerous dining and nightlife options. Mesa’s diverse economy offers resident opportunities in numerous industries including healthcare, education, aerospace, tourism and technology.

“This property sits in an ideal location due to its connectivity to quality jobs and entertainment, as well as its nearby retail amenities,” said Peterson. “Modern, walkable properties continue to draw significant interest from lenders, and that was the case with The Premiere at Dana Park. Ultimately, Fannie Mae won the business with the most competitive terms.”

CBRE’s Dixie Hall represented the buyer.