Carlyle Group acquires 4 Mesa mobile home parks for $230M

Above: Aerial view of Main Street in downtown Mesa, Arizona. Real Estate | 15 Jun |

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

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