Liv Communities Acquires Multifamily Development Site In Mesa For $5M

The Premiere at Eastmark 3.0 is an 8.55-acre multifamily development site located at 9410 East Ray Road in Mesa, Arizona. The property was sold for $5,000,000 to Liv Communities by PCS Development. The transaction took place on May 01, 2024, in Mesa's market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Buyer: Liv Communities
• Seller: PCS Development
• Brokers: Cliff David, Steve Gebing & Trevor Hardy - Institutional Property Advisors
• Address: 9410 East Ray Road
• Market: Mesa, AZ
• Asset Type: Multifamily
• Acres: 8.55

Institutional Property Advisors, a division of Marcus & Millichap, facilitated the sale of The Premiere at Eastmark 3.0 for $5 million. The property, benefiting from its proximity to Mesa’s Elliot Road Technology Corridor and Phoenix-Mesa Gateway Airport employment hub, attracted Liv Communities as the buyer and was sold by PCS Development.