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Change of Ownership for La Casa Mesa

$3.64 Million Investment in Mesa
By Diana Sharkey
February 5, 2003 | 2:30 P.M.

Mesa Terrace Apartment Homes LLC purchased the 86-unit La Casa Mesa Apartment complex located at 1224 East Evergreen St. in Mesa, AZ. The 76,196-square-foot property sold for $3.64 million, slightly more than $42,325 per unit. The complex was approximately 70% occupied at the time of sale. Unit amenities include dishwashers, patios, and walk-in closets and the complex features a community swimming pool. Mike Pagan of Marcus & Millichap's Los Angeles office represented the buyer. Ric Holway of Marcus & Millichap's Phoenix office represented the seller, Henryetta F. Hager Revocable Living Trust.

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