The Carlyle Group made a huge splash in Mesa, acquiring four mobile home parks in the city for a total of $230 million, according to the real estate tracking website Vizzda.com. The portfolio sale consists of a total of 1,583 mobile home stalls on 187 acres, for an average of $145,293 per unit. The seller of the portfolio was Arizona Communities Ltd.
The four Mesa mobile home parks involved in the sale are the Citrus Gardens Mobile Home Park at 4065 E. University Dr.; the El Mirage Mobile Home Park at 305 S. Val Vista Dr.; the Mesa Shadows Mobile Home Park at 205 S. Higley Rd.; and the Aspenwood Mobile Home Park at 245 S. 56th St.
Here is a breakdown of the four parks involved in the transaction:
Aspenwood Mobile Home Park
$44 million
Built in 1979
269 stalls
29.56 acres.
$163,568 per unit
Mesa Shadows Mobile Home Park
$46 million
Built in 1979
306 stalls
38.44 acres
$150,326 per unit
El Mirage Mobile Home Park
$60 million
Built in 1971
433 stalls
54.7 acres
$138,568 per unit
Citrus Gardens Mobile Home Park
$80 million
Built in 1969
575 stalls
64.24 acres
$139,130 per unit
