CLASS “A” MULTIFAMILY INVESTMENT OPPORTUNITY WITH VALUE-ADD POTENTIAL1304 South 105th Place • Mesa, Arizona • 384 Units

Av a i l a b l e Fo r P u r c h a s e

Brett Polachek, +1 602 229 5989, brett.polachek@cushwake.com | David Fogler, +1 602 224 4443, david.fogler@cushwake.com | Steven Nicoluzakis, +1 602 224 4429, steven.nicoluzakis@cushwake.com

NUMBER OF UNITS ..........163 Units

YEAR BUILT ..........................2014

AVERAGE UNIT SIZE .......860 Square Feet

PRICE .......................................Market

TERMS ...................................All Cash

1304 South 105th Place • Mesa, Arizona • 384 Units

THE OFFERINGNUMBER OF UNITS ..........384 Units

YEAR BUILT ..........................2009

AVERAGE UNIT SIZE .......±965 Square Feet

PRICE .......................................Market

TERMS ...................................All Cash

INVESTMENT FEATURES• Clubhouse

• Resort-style swimming pool

• Poolside cafe tables and barbecue grills

• Sundeck and spa

• Resident business center with WiFi, fax and copier

• Fitness center

• Yoga studio

• Carports and detached garages

• Gated entry

• Extra storage units

• Dog park

INTERIORS

• Ceramic tile flooring

• Crown molding

• Built-in computer niche*

• Faux granite countertops

• Double stainless steel sink

• Breakfast bar

• Whirlpool black appliances

• Full-size washer/dryers

• Laundry room*

• Walk-in closets

• Roman soaking tub in master bath

• Vanity seating and double sink*

• Detached private garage*

• Private patios/balconies

• Nine-foot ceilings on all floors

CLASS “A” MULTIFAMILY INVESTMENT OPPORTUNITY WITH VALUE-ADD POTENTIAL

Cushman  &  Wakefield is pleased to offer THE DISTRICT AT MOUNTAIN VISTA, a 384-unit Class “A”, garden-style luxury rental community with value-add potential located in East Mesa near the US-60 and 202 freeways, with easy access to restaurants, shopping, entertainment and recreation. The District at Mountain Vista features a mix of one, two and three bedroom floor plans and superior amenities. Nearby are schools, medical centers, parks, movie theaters, golf courses and many shopping and dining options. The property’s location provides easy access to the US-60 and the 202 freeways, connecting residents to the rest of the Metro Phoenix area.

Unique Class “A” LightValue-Add Opportunity MULTIFAMILY PROPERTY

*Select Units

PROFORMA - BASED ON CURRENT IN PLACE RENTAL RATESFINANCIAL SUMMARY

This information contained within this brochure has been obtained from sources other than Cushman & Wakefield. Cushman & Wakefield has not verified such information and makes no guarantee, warranty

or representation about such information. It is your responsibility to independently confirm its accuracy and completeness. Any dimensions, specifications, floor plans and information may not be accurate

and should be verified by you prior to the lease or purchase of the property. The value of this transaction to you depends on economic and other factors which should be evaluated by your tax, financial and

legal advisors. You and your advisor should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Unit Type % No. NRSF Rent Per SFA1 1 Bedroom / 1 Bath 19% 72 720 $869 $1.21

A2 1 Bedroom / 1 Bath 22% 84 815 $895 $1.10

B 2 Bedroom / 1 Bath 6% 24 918 $1,129 $1.23

B1 2 Bedroom / 2 Bath 22% 84 1,040 $1,117 $1.07

B2 2 Bedroom / 2 Bath 25% 96 1,130 $1,156 $1.02

C1 3 Bedroom / 2 Bath 6% 24 1,342 $1,363 $1.02

Totals / Averages 100% 384 965 $1,048 $1.09

PROFORMA INCOMEScheduled Gross Potential Rental Income - Monthly $398,307

Scheduled Gross Potential Rental Income - Annual $4,779,683

Vacancy 5.00% ($238,984)

Other Loss 1.75% ($83,645)

Net Rental Income $4,457,054

Total Other Income $1,575/unit $604,800

Effective Gross Income Annual $5,061,854

PROFORMA EXPENSES PER UNIT ANNUAL

Administrative $250 $96,000

Advertising $150 $57,600

Maintenance $525 $201,600

Salaries $1,250 $480,000

Utilities $600 $230,400

Subtotal Controllable Expenses $2,775 $1,065,600

Management Fee 3.00% $395 $151,856

Property Insurance $110 $42,240

Real Estate Taxes 2017 $1,182 $453,823

Replacement Reserve $250 $96,000

Total Expenses $4,712 $1,809,519

NET OPERATING INCOME $3,252,335

2555 E Camelback Rd Ste 400 | Phoenix, Arizona 85016

p +1 602 954 9000 | f +1 602 468 8588 cushmanwakefield.com

David Fogler+1 602 224 4443david.fogler@cushwake.com

Steven Nicoluzakis+1 602 224 4429steven.nicoluzakis@cushwake.com

SOUT

HERN

AVE

MOUNTAIN VISTAMEDICAL CENTER

GILBERT

CHANDLERPHOENIX MESAGATEWAY AIRPORT ASU

POLYTECNICCAMPUS

SCOTTSDALE

FOUNTAINHILLS

PARADISE VALLEY

PHOENIXSKY HARBOR

AIRPORT

PHOENIX

TOLLESONGOODYEAR

AVONDALE

SURPRISE

GLENDALE

SUNCITY

GILBERT

QUEENCREEK

CHANDLER

TEMPE

PEORIA

MESA

Brett Polachek+1 602 229 5989brett.polachek@cushwake.com