MBK Rental Dwelling has accomplished Azure, a 318-unit property that marks its first luxurious way of life condo group in Santa Barbara County, Calif.
Situated on 14.5 acres at 703 E. Meehan St. in Santa Maria, Calif., Azure provides studio, one-, two- and three-bedroom residences ranging in dimension from 406 sq. toes to 1,211 sq. toes. The items have open flooring plans with vaulted ceilings, wood-style flooring, wall-controlled ceiling followers, gasoline ranges, stainless-steel home equipment and quartz counter tops. The residences additionally function technology-ready pre-wired areas, closets with built-in cabinets and coated patios with storage rooms.
Group facilities embody a farmhouse-style clubhouse with an leisure kitchen, two resort-style swimming pools surrounded by coated cabanas and hearth pits, two spas, an outdoor ping pong table, horseshoe pit, conventional grills and Santa Maria-style barbeque grills, health heart, futsal sports activities courtroom, bocce ball courtroom, two playgrounds, canine park, pet spa and enterprise heart.
The property is surrounded by close by purchasing choices, together with the brand new Enos Ranch purchasing heart, Costco, Lowe’s, Finest Purchase, Kohl’s, Goal, Dealer Joe’s, Walmart and Workplace Depot. Residents can even be close to a number of eating spots together with In-N-Out Burger and Buffalo Wild Wings. The location has fast entry to U.S. Route 101 resulting in Santa Barbara, San Luis Obispo, Solvang, Los Olivos, Los Padres Nationwide Forest and close by seashores.
Craig Jones, MBK Rental Dwelling president, stated in a ready assertion the brand new property provides many way of life comforts, together with choices for roomy interiors for working from house and intensive, amenity-rich outdoor house. He famous Azure is offering new residences to a market that’s rising however missing move-up rental house. Santa Maria has grown about 40.1 p.c over practically 20 years, surpassing Santa Barbara because the county’s largest metropolis, in accordance with the California Division of Finance and U.S. Census Bureau.
Extra MBK Strikes
In August, the Irvine, Calif.,-based firm completed Mitchell Place, a rental property with 79 residences and 152 townhomes in Murrieta, Calif., a Riverside County metropolis about 80 miles east of Los Angeles. Final month, MBK Rental Dwelling bought the property to MG Properties Group for $78.three million. The sale was one of many largest multifamily transactions in the Inland Empire this yr.