SPL Real Estate and Management Company, Marc Levine, principal, paid $3,650,000 ($60,833 per unit) to buy the 60 unit Sonoma Lane apartments located 5920 W. Laurie Lane in Glendale, Ariz.
The seller was a limited partnership formed by Mentor Properties, 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 issued by Terrex Financial of Denver, CO. The complex was built in 1982.