Phoenix · Commercial sale
CR AVIA 266 Communities buys 2354 W University Dr in Mesa for $52.5 million
An apartment complex at 2354 W University Dr, Mesa sold for $52,500,000 on August 3, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $52,500,000
- Sold
- August 3, 2026
- Property type
- Apartment complex
- Lot size
- 468,706 sq ft
- Year built
- 1984
An apartment complex at 2354 W University Dr in Mesa sold for $52,500,000 on August 3, 2026, according to the Maricopa County Assessor's parcel records. That price is 46% above the market value on record, which stands at $35,844,500.
The record lists CR AVIA 266 Communities LLC as the buyer.
The Assessor's records show the property was built in 1984 and sits on a 10.76-acre lot.
An aerial photo of the property shows a large parking lot on the site. The aerial photo also shows the complex sitting at a street corner.
What this sale costs to close
What does closing cost at this price? Under Maricopa County custom the seller's larger charges are $95,675 for the owner's title insurance policy and $650 for the escrow fee. The seller's estimated net is $52,218,077 before brokerage commissions and any loan payoff. A cash buyer would need about $52,315,132 at closing.
Source: Maricopa County Assessor parcel records, document 20260458022. Property details: Maricopa County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
