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Cal-Am Puts Up $8 Mil for 200-Lot Snowbird Haven

MESA, AZ-Cal-Am beefs up its Valley holdings with a 200-lot manufactured housing community, ticketed just for those snowbirds 55 years old and over. The $8-million, 97%-occupied buy has been talked about for 1 1/2 years.

By Connie Gore | Updated on December 04, 2001

MESA, AZ-A California buyer has shelled out $8 million for a 200-lot “snowbird” community that was 97% occupied at sale time. Silver Spur Village, developed in 1983, is located at 9333 E. University in Mesa.

The buyer, Cal-Am Properties of Encino, was courting the seller, Larry Klaas of Silver Spur Holdings LLC in Mesa for 1 1/2 years, Jon Harrison, a senior sales associate for Marcus & Millichap Real Estate Investment Brokerage Co. in Tucson, tells GlobeSt.com. Harrison said Klaas added 15 spaces to the community last year, taking the acreage to full build-out.

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CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

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