Updated Oct 13, 2026
JLL Capital Markets Facilitates $52M Construction Financing For Dobson Station Development, Mesa
139 North Dobson Road Mesa, Arizona 85201, USA
$52,000,000
Units
245
Asset Type
Development Site
Closing
Jul 18, 2023
About this deal
AI
JLL Capital Markets has facilitated $52 million in construction financing for Dobson Station, a 245-unit multihousing development in Mesa, Arizona. The development is located at 139 North Dobson Road in Mesa and is expected to be completed in 2024.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $52,000,000
- Address: 139 North Dobson Road, Mesa, AZ
- Market: Mesa, AZ
- Landlord: StarPoint Properties - Sandy Schmid
- Brokers: Jeff Sause, Wyatt Strahan & Elle Miraglia - JLL
The financing for Dobson Station was arranged by JLL Capital Markets. Jeff Sause, Wyatt Strahan, and Elle Miraglia from JLL served as brokers in the deal. The development is expected to bring much-needed housing options to the Mesa, Arizona market, with 245 units planned for the site.
On the Map
$52,000,000
Development Site
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Mesa Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93