BENZIGA PRNewswire February 19, 2020 8:10am
Bela Flor Introduces Bella Victoria, a Smart-Tech, Luxury Apartment Home Community with 236 Tesla Capable Charging Ports on Property
MESA, Ariz., Feb. 19, 2020 /PRNewswire/ -- Local real estate developer, Bela Flor Communities, is pleased to announce Bella Victoria, a smart-tech, luxury apartment home community located at 1350 S. Ellsworth Road in Mesa, Arizona, a 2019 WalletHub top-ten city.
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The property was nearly 94 percent leased at the time of construction completion.
> Commercial and residential construction in the East Valley of the Greater Phoenix metropolitan area has kept up with the growing number of students, residents and businesses, resulting in a dense live-work-play atmosphere, according to CBRE research.
> Large investments in the region including the addition of light rail — connecting Mesa and Tempe with Phoenix — have added to the area’s urban appeal.
> Today, approximately one-third of the metro’s residents live in the East Valley, and its population over the next five years is projected to grow at twice the national average.
> Rental rates and vacancies reflect these trends.
Fourth-quarter average rental rates for apartment properties in South Mesa have climbed 5 percent year-over-year to $1.02 per square foot while the vacancy rate has dipped 39 basis points to 2.75 percent, according to CBRE research.
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Bela Flor Introduces Bella Victoria, a Smart-Tech, Luxury Apartment Home Community with 236 Tesla Capable Charging Ports on Property
MESA, Ariz., Feb. 19, 2020 /PRNewswire/ -- Local real estate developer, Bela Flor Communities, is pleased to announce Bella Victoria, a smart-tech, luxury apartment home community located at 1350 S. Ellsworth Road in Mesa, Arizona, a 2019 WalletHub top-ten city.
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CBRE arranges $40M loan for Bella Victoria in Mesa
CBRE arranged $40 million in debt financing for Bella Victoria, a 236-unit, high-end, multifamily property in Mesa, AZ.
"Bruce Francis, Dana Summers, Doug Birrell, Bob Ybarra and Shaun Moothart of CBRE’s Debt and Structured Finance team arranged the debt provided by New York Life on behalf of the developer, Bela Flor Communities and Hudd Hassell
The property was nearly 94 percent leased at the time of construction completion.
> Commercial and residential construction in the East Valley of the Greater Phoenix metropolitan area has kept up with the growing number of students, residents and businesses, resulting in a dense live-work-play atmosphere, according to CBRE research.
> Large investments in the region including the addition of light rail — connecting Mesa and Tempe with Phoenix — have added to the area’s urban appeal.
> Today, approximately one-third of the metro’s residents live in the East Valley, and its population over the next five years is projected to grow at twice the national average.
> Rental rates and vacancies reflect these trends.
Fourth-quarter average rental rates for apartment properties in South Mesa have climbed 5 percent year-over-year to $1.02 per square foot while the vacancy rate has dipped 39 basis points to 2.75 percent, according to CBRE research.
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- Each of the 236 condos has a private, direct-access garage and a dedicated 220-volt circuit to charge electric vehicles from Tesla, Porsche, Nissan, Audi, and Volkswagen.
- In addition, the Energy Star certified smart homes include Nest thermostats, LED lighting, natural gas ranges and electric, tankless water heaters by TruTankless with a 99% efficiency rating, on-demand heating and a smart app for the ultimate in control.
- Finally, residents can stay connected to their world via gigabit fiber optic networks, HD cameras and high-speed wireless access points found around the property.
"If you have an EV, living at Bella Victoria is the pinnacle of convenience. No need to waste your time or range trying to find a public station. Every home has its own charging outlet in the garage so you can relax inside while your battery recharges outside," states Hudd Hassell, President of Bela Flor.
Lacy Hillard, Community Manager, says, "Bella Victoria is well-located near major freeways and shopping malls and maintains the highest standards.
We proudly offer spacious two- and three-bedroom condo homes ranging from 1,000 to 1,650 sq. ft. in an inviting setting. As a non-smoking and pet-friendly community, our goal is to ensure you enjoy your time here."
We proudly offer spacious two- and three-bedroom condo homes ranging from 1,000 to 1,650 sq. ft. in an inviting setting. As a non-smoking and pet-friendly community, our goal is to ensure you enjoy your time here."
ABOUT BELA FLOR
Bela Flor is committed to bringing quality, attainable housing options and fresh architectural designs to the Phoenix Metro area. With over 20 years of experience, locally owned Bela Flor has five active communities and even more in the pipeline! We've built over 1,000 homes in communities around the Valley that are geared towards an active lifestyle with amenities like dog parks, pools, soccer fields, sand volleyball, pickle ball, playgrounds, and more!
Bela Flor is committed to bringing quality, attainable housing options and fresh architectural designs to the Phoenix Metro area. With over 20 years of experience, locally owned Bela Flor has five active communities and even more in the pipeline! We've built over 1,000 homes in communities around the Valley that are geared towards an active lifestyle with amenities like dog parks, pools, soccer fields, sand volleyball, pickle ball, playgrounds, and more!
