111 N Gilbert Rd, Mesa, AZ 85203 Property Records

Maricopa County property record for 111 N Gilbert Rd, Mesa, AZ 85203

Property Summary

Property Type	Apartments (5+ Units)
Details	265,888 sqft · built 1984
Lot Size	2.92 acres (127,336 sqft)
Owner	Company Name on Record
Last Sale	$69,200,000 (Oct 2021)
Tax Bill	$144,042 (2025)
Deeds & Mortgages	Apr 2021 Construction Loan Aug 2018 Construction Loan + 1 more
Flood Zone	Zone X (moderate risk)
APN	`140-24-004-E`

Property Details

APN / Parcel Number

Primary APN	`140-24-004-E`
Alternative APNs	`14024004E9` `0314002464`

Interior

Units	800 Units
Stories	1 Story
Building Area	265,888 sqft Living Area
1st Floor Area	265,888 sqft

Exterior

Year Built	Built 1984
Effective Year Built	Effective 1984
Construction Type	Wood
Lot Area	127,336 sqft (2.92 acres)
View / Lot	Traffic
Garage Area	320 sqft
Patio Area	26,446 sqft
Utility Building	1,024 sqft
Total Buildings	34 Buildings

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating System	HVAC
Heating Fuel	Gas
Sewer	Municipal

Location & Zoning

Street Address	111 N GILBERT RD
City	MESA
State	AZ
Zip	85203-0901
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Local Zoning Code	M-H
Legal Description	W2 SW4 SW4 NW4 SEC 19 EX W 240F OF S 250F & EX W 55F & EX S 60F RDS & EX RD P/F 00-0042200
Legal Range	6E
Legal Township	1N
Legal Section	19
Jurisdiction	MARICOPA AZ
Township / Civil Division	PHOENIX
Census Block Group	1
Census Block	1015
Census Tract	421701

Owner

Source: Maricopa County records, as of July 29, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	4275 EXECUTIVE SQ, 1020, LA JOLLA, CA 92037-1478
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Apr 20, 2021	Deed of Trust, Mortgage · Construction Mortgage BERKADIA COMMERCIAL MORTGAGE LLC
Aug 23, 2018	Deed of Trust, Mortgage · Construction Mortgage BERKADIA COMMERCIAL MORTGAGE LLC
Oct 29, 2021	Special Warranty Deed, Transfer FIDELITY NATIONAL TITLE, FIDELITY NATIONAL TITLE CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 29, 2021 · Amount on Record
Deed Sale	Oct 29, 2021 · Amount on Record
Prior Sale	Apr 8, 2016 · Amount on Record
Deed Document Number	20211167903
Prior Transfer Date	Nov 15, 1996
Prior Transfer Doc	0000844764
Record Updated	Oct 29, 2026

April 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	111 N GILBERT RD, MESA, AZ 85203-0901
Transaction Type	Mortgage
Record Updated	Mar 5, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000439848
Date	Apr 20, 2021
Instrument	20210439848

Lender

Name	BERKADIA COMMERCIAL MORTGAGE LLC
Type	Mortgage Company
Address	AMBLER, PA 19002

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	113 Months
Due	Sep 1, 2030

August 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	111 N GILBERT RD, MESA, AZ 85203-0901
Transaction Type	Mortgage
Record Updated	Jul 18, 2022
Title Company	CHICAGO TITLE AGENCY

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000639659
Date	Aug 23, 2018
Instrument	20180639659

Lender

Name	BERKADIA COMMERCIAL MORTGAGE LLC
Type	Mortgage Company
Address	AMBLER, PA 19002

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	145 Months
Due	Sep 1, 2030

October 2021: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	Oct 29, 2021
Property Address	111 N GILBERT RD, MESA, AZ 85203-0901
Document Number	0001167903
Instrument Date	Oct 21, 2021
Instrument	20211167903
Transaction Type	Transfer
Record Updated	Mar 5, 2024
Title Company	FIDELITY NATIONAL TITLE, FIDELITY NATIONAL TITLE CO

Transaction

Amount	Amount Recorded
Tax	$0.00
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name
Address	2082 MICHELSON DR, IRVINE, CA 92612-1212

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	4275 EXECUTIVE SQ STE 1020, 1020, LA JOLLA, CA 92037-1478

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of October 22, 2025

Property Jurisdictions

Type	Name
State	Arizona
County	Maricopa County
Municipality	Mesa City
Unified School District	Mesa Unified District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$4,931,200 (+237.75%)	$49,312,000 (-19.62%) Land $2,164,100 Building $47,147,900
2025	$144,042.00 (-0.3%)	$1,460,002 (-77.69%)	$61,347,100 (-6.26%) Land $2,692,300 Building $58,654,800
2024		$6,544,260 (+34.83%)	$65,442,600 (+34.83%) Land $2,872,100 Building $62,570,500
2023	$144,482.00 (+2.11%)	$4,853,560 Land $213,010 Building $4,640,550	$48,535,600 Land $2,130,100 Building $46,405,500
2022	$141,493.00

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 2, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 10 (0% premium discount)
Nearby Flood Policies	4 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF MESA serves 466,000 people · EPA ID AZ0407095
Water Source	Surface water
Last State Inspection	Nov 2024
Lead	5 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	24 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 618 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · Fixed Wireless in parts of the area	5,000 / 5,000
CenturyLink Fiber	2,000 / 1,000
Cox Communications Cable	2,000 / 100
Verizon Fixed Wireless	1,000 / 75
Tristate Wi-Fi by Wi-Fiber Fixed Wireless	400 / 400

May also be available: GeoLinks, T-Mobile.

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