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TUCSON-The Babay Family Trust of Beverly Hills, CA has spent about $2.9 million for the Coachlight Plaza, a 108-unit apartment complex near the campus of the University of Arizona. The sale price equates to a little more than $27,000 per unit for the holding at 6160 E. Bellevue St. in Tucson.

Tucson investor Dan Felger owned the university apartments for six years. Mike McClain of the Tucson office of Marcus & Millichap represented Felger in the talks while Lane Schwartz of the firm’s Los Angeles office acted on the buyer’s behalf.

The complex is situated at the northwest corner of E. Speedway Boulevard and S. Wilmot Road. It is about five miles directly east of the University of Arizona, which has an annual enrollment of more than 40,000 students.

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