1820 West Lindner Avenue | Mesa, AZ 85202

194 Units | Built 1979

Unpriced Offering

THE OPPORTUNITY

Berkadia Real Estate Advisors is proud to announce our exclusive offering for La Costa at Dobson Ranch, a 194-unit rental community located on Dobson Ranch Golf Course in Mesa, Arizona.

UNIQUE LOCATION

Premier East Valley location off the 60 Freeway bordering Dobson Ranch Master Planned Community and the Golf Course close to the Fiesta District of Mesa.

RECENT CAPITAL IMPROVEMENTS

Current ownership has completed full exterior multi-tone paint, new roofs on all buildings (with warranty) significant pool upgrades, and new mailbox installation. The former laundry room was converted into a well-equipped fitness center, clubhouse was updated to a resident lounge, new signage and Amazon package lockers were added.

HISTORICAL CAPITAL IMPROVEMENTS

In 2006 and 2007 new A/C condensing units / air handlers and stackable washer / dryers were installed in all units.

VALUE-ADD OPPORTUNITIES

Additional amenities that could further enhance the community: dog park, introduce Valet Waste trash service, install low flow toilets and shower heads, upgraded landscaping / irrigation, and enclose downstairs patios for privacy.

TRANSPORTATION

The community has excellent access to two major valley freeways, the Loop 101 and US 60. This centralized location allows residents to access all parts of the valley and hit major demand generators withing a 10-20 minute drive.

FINANCING

An investor may acquire the community with new debt. The Berkadia Commercial Mortgage team is pleased to provide a full menu of lending options.

THE ASSET

194

Units

1979

Built

2

Story

1,043 Unit SF

UNIT AMENITIES

  • Newly Upgraded Interiors*
  • Multiple Levels of Interior Upgrades
  • Granite Countertops*
  • Oak Cabinets*
  • Wood-Style Vinyl Flooring
  • Fully Upgraded Gourmet Kitchen*
  • Stackable Washer / Dryer in All Units
  • Walk-In Pantry*
  • Ample Storage Space
  • Private Patio / Balcony

*Select Units

 

COMMUNITY AMENITIES

  • 35,000 Gallon Heated Pool and Spa
  • State-of-the-Art Fitness Center
  • Gas Grills / Barbecue Area
  • Two-Story Clubhouse
  • Amazon Package Lockers
  • Business Center
  • Complimentary WiFi in Common Areas
  • Reserved Covered Parking
  • Courtyard Space
  • Pet Friendly

FLOOR PLAN

TWO BEDROOM | TWO BATHROOM 1,043 SQUARE FEET

PHOTO GALLERY

AERIAL MAP

Investment Advisors

mark forrester

Senior Managing Director

602.912.1630

Mark.Forrester@berkadia.com

RIC HOLWAY

Senior Managing Director

602.912.1633

Ric.Holway@berkadia.com

DAN CHEYNE

Senior Director

602.522.5212

Dan.Cheyne@berkadia.com

PHOENIX OFFICE

2525 E. Camelback Road

Suite 1150

Phoenix, AZ 85016

Phone: 602.955.1122 | Fax: 602.955.9611

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.   This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. 

©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx