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KB Home closes on Dahlia Pointe P&E lots in Mesa for $3.7M

Dahlia Pointe

By DDahlia Pointe aniel Benson | Belfiore Real Estate Consulting

KB Homes closed on a platted and engineered lot deal yesterday in Mesa.  The deal included 100 – 53’x56’ cluster 6-pack configured P&E lots. The deal (click here to view the affidavit) closed on February 5, 2015 for $3.7 million ($36,969 per lot).  The community, Dahlia Pointe, is specifically located at the NEC of Power Road & Olney Avenue in Mesa (located in Belfiore’s Williams Gateway North Submarket).

The builder has already applied for site grading and dust permits and anticipates site development to begin within two weeks, according to KB.  Development is expected to take 10 months with a model opening date slated for December 2015.

Matt Rinzler & Brian Stillman of Insight Land & Investments brokered the deal and Sam Griffin (Director of Land Acquisition| KB Home) is the contact for KB.

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