facebook
Traded Co logo
Submit
Daily limit: 0/10

White Haven Purchases 44-Unit Multifamily Community In Mesa From Capital Allocation Partners For $9.95M

Property Image
SOLD
$9,950,000

Arizona

See Similar Deals
MultiFamily
Sold 09/11/2025
the dealdetailscomps
Property Image
SOLD

White Haven Purchases 44-Unit Multifamily Community In Mesa From Capital Allocation Partners For $9.95M

830 North Alma School Road

See Similar Deals
MultiFamily
Sold 09/11/2025
the dealdetailscomps

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

The Rio is a multi-family community located at 830 North Alma School Road in Mesa, AZ. The property comprises 44 units and was sold for $9,950,000, which breaks down to $226,136 per unit. Originally built in 1986, the property underwent renovations in 2023, contributing to its current market positioning. This sale represents the highest price per unit year-to-date in Mesa for non-new construction assets with 15 or more units.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $9,950,000
  • Units: 44
  • Price Per Unit: $226,136
  • Buyer: White Haven
  • Seller: Capital Allocation Partners
  • Broker: JLL

JLL Capital Markets facilitated the transaction between Capital Allocation Partners and White Haven. The expertise of JLL in capital markets played a crucial role in arranging the sale of this property, highlighting the ongoing demand for multi-family units in the Mesa market.

Players

JLL
JLL
BROKERAGE

Details

SOLD
IMAGE: 09/11/2025 ADDRESS: 830 North Alma School Road MARKET: Mesa, AZ ASSET TYPE: MultiFamily BUYER: White Haven SELLER: Capital Allocation Partners BROKER: JLL SALE PRICE: $9,950,000 UNITS: 44 ~ PPU: $226,136 NOTE: JLL Capital Markets arranged the $9.95M sale of The Rio, a 44-unit community in Mesa, from Capital Allocation Partners to White Haven. Built in 1986 and renovated in 2023, the property sold for $226,136 per unit — the highest price per unit year-to-date in Mesa for non-new construction assets with 15+ units.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$530,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,350.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,168.08
Annual Debt Service$566,016.92