Marcus & Millichap negotiated the sale of the Valle Del Oro RV Resort in Mesa, Ariz.

The value of the transaction was $48.5 million.

Valle Del Oro is located at 1452 S. Ellsworth. The community was constructed in 1983 and includes 1,760 units on approximately 75 acres.

A Mesa, Ariz.-based investment partnership sold the property to Encino, Calif.-based Cal Am Properties Inc.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.

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