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Multifamily

Sonoma Village

1318 S Vineyard, Mesa, AZ 85210

Listing Price: Request For Offer

Number of Units
96
Gross SF
74,656

Investment Overview

Sonoma Village Placed in the immediate vicinity of Mesa’s re-energized Fiesta District, Sonoma Village has incredibly convenient walkable access to its increasingly diverse surroundings of award-winning healthcare, top-tier higher education, and a booming business district where over $500 million of capital has recently been infused towards the aim of redevelopment. Renowned employers such as Banner Health, Santander Consumer USA, and Mesa Community College, headline the thriving mainstay industries of the area in healthcare, advanced business and financial services, and higher education, which are driving the area’s revitalization. The onset of redevelopment efforts teamed with a robust set of nearby employers provide a healthy job base, which is further enhanced by a recently announced ±$400M investment in Banner Desert & Banner Gateway Medical Centers. Developed in 1973, the property’s unit mix offers a higher count of two-bedroom units (±83%), with the remaining units being one-bedroom. Because only two units have been upgraded thus far, future ownership will have an enticing opportunity to renovate the remaining 94 legacy units with an expected premium of ±$200 per month.

Investment Highlights

  • Placed in the immediate vicinity of Mesa's re-energized Fiesta District.
  • 83% two-bedroom floorplans.
  • Future ownership will have the opportunity to renovate 94 of the 96 units to realize renovation premiums already proven in the submarket.

Exclusively Listed By

Multifamily

Sonoma Village

Listing Price: Request For Offer

Number of Units
96
Gross SF
74,656

Investment Highlights

  • Placed in the immediate vicinity of Mesa's re-energized Fiesta District.
  • 83% two-bedroom floorplans.
  • Future ownership will have the opportunity to renovate 94 of the 96 units to realize renovation premiums already proven in the submarket.

Investment Overview

Sonoma Village Placed in the immediate vicinity of Mesa’s re-energized Fiesta District, Sonoma Village has incredibly convenient walkable access to its increasingly diverse surroundings of award-winning healthcare, top-tier higher education, and a booming business district where over $500 million of capital has recently been infused towards the aim of redevelopment. Renowned employers such as Banner Health, Santander Consumer USA, and Mesa Community College, headline the thriving mainstay industries of the area in healthcare, advanced business and financial services, and higher education, which are driving the area’s revitalization. The onset of redevelopment efforts teamed with a robust set of nearby employers provide a healthy job base, which is further enhanced by a recently announced ±$400M investment in Banner Desert & Banner Gateway Medical Centers. Developed in 1973, the property’s unit mix offers a higher count of two-bedroom units (±83%), with the remaining units being one-bedroom. Because only two units have been upgraded thus far, future ownership will have an enticing opportunity to renovate the remaining 94 legacy units with an expected premium of ±$200 per month.

Exclusively Listed By

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