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MESA, AZ-An investment team from California has paid $3.1 million for the 68-unit Country Club Greens in Mesa.

Investors Thomas Bassett and Sandra Lynch’s buy is located at 350 W. 13th Place, which has brought nearly $45,600 per unit for seller Bill Brown of Gardena, CA. Country Club Greens is just east of Country Club Drive and north of Brown Road. The complex abuts Mesa Country Club and less than a half mile from Hohokam Park, where the Chicago Cubs hold spring training.

Mesa’s vacancy rate for apartments has remained relatively steady over the past two years. In 2000, the vacancy rate was 6.8%, up two tenths of a percentage point from the year before. The Valley’s overall vacancy rate is about 6.6%. Apartments in Mesa rent on average for $632 per month, compared to $668 Valleywide.

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