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9/26/17
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Sonoran Palms, a 206-unit multifamily property in Mesa, AZ, traded hands for $10.3 mil, or $50k/unit. The property is located at 900 N. Country Club Dr.
Sonoran Palms consists of studio- and one-bedroom floorplans ranging from 380-580 sf. The community was developed in 1979 and is master-metered for electricity and domestic water.
Ric Holway, Mark Forrester and Dan Cheyne of Berkadia represented the seller, Sonoran Palms Apartments LLC. The buyer is an entity by the name of 29SC Sierra Madre LLC.
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