SPL Real Estate and Management Company, Marc Levine, principal, paid $7,700,000 ($59,240.77 per unit) to buy the 130 unit Sonoma Point apartments located at 8080 N. 51st Avenue, in Glendale, Ariz.
The seller was a limited partnership formed by Mentor Properties of Scottsdale, Calum DeSouza, principal.
The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Maricopa County records show the buyer acquired the property with a new loan arranged by Terrex Financial of Denver, CO. The complex was built in 1984.