Warren Park
Excel Real Estates, Zong-fu Li, principal, paid $3,800,000 ($41,304 per unit) to buy the 92 unit Warren Park apartments located 1433 W. University Dr. in Mesa, Arizona. Wyoming Blvd. The seller was The Frank and Joanne Warren Trust, c/o Warren Properties of Rancho Santa Fe, California. 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 Opus Bank. The financing was arranged by Brandon Harrington and Matt Steffen of Walker & Dunlop of Phoenix. The complex was built in 1977.
Sonoma Lane
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, Arizona. 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.
Bella Plaza
NW Group Investments LLC, John Trubilla, principal, paid $3,650,000 ($50,694 per unit) to buy the 72 unit Bella Plaza apartments located 2130 W. Indian School Rd. in Phoenix, Arizona. The seller was Fountain Ridge Apartments LLLP, a limited liability partnership formed by Mentor Properties in Scottsdale. 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 Opus Bank. The complex was built in 1982.
Sonoma Point
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, Arizona. 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.
