Senior Apartment Team
Linda Fritz-Salazar
Associate Broker


Call 602 759 1204


Email
Scott Trevey, CCIM
Senior Associate


Call 480 205 0862


Email
Weekly Apartment Closing Update through  July 6, 2 018



Property Name
Address
City
No Units
SF
Sales Price
Price/SF
Unit SF Ave.
Sale Date
Year Built
Unit
Price
Unit Mix, % Down Payment, Lender; Previous Sale Date and Amount
Willow Creek
2020 E. Broadway Rd.
Tempe
402
304,618
$60,500,000
$198.61
758 SF
7/2/2018
1983

$150,498
32-0/1's, 214-1/1's, 40-2/1's, 116-2/2's; 26% Down; New Fannie Mae Loan; Last Sale: 03/2007 $34,100,000
Village at Lindsay Park
1441 S. Lindsay Road
Mesa
256
240,245
$45,810,000
$190.68
938 SF
7/2/2018
1997

$178,945
88-1/1's, 136-2/2's, 32-3's; 30% Down; New Freddie Mac Loan; Last Sale: 09/2007 $25,400,000
Suncreek
15050 N. 59th Avenue
Glendale
175
130,443
$23,000,000
$176.32
745 SF
7/2/2018
1986

$131,429
79-1/1's, 96-2/2's; 62% Down; New Fannie Mae Loan; Last Sale: 08/2006 $12,725,000
Avenue 801
801 W. Turney Ave.
Phoenix
60
35,206
$7,000,000
$198.83
587 SF
7/3/2018
1956

$116,667
30-1/1's, 30-2/1's; Cash Sale; Last Sale: 12/2016 $5,425,000

530-538 N. Williams
Mesa
18
17,626
$1,500,000
$85.10
979 SF
7/3/2018
1968

$83,333
All 2/2's; 33% Down; Seller Carry; Last Sale: 12/2010 $150,000
Heritage Park
1545 W. Denton
Phoenix

22
14,852
$1,900,000
$127.93
675 SF
7/5/2018
1983

$86,364
10-1/1's, 12-2/1's;  37% Down; New Wash. Fed. Loan; Last Sale: 11/2016 $1,265,000
Parkview on 5th
704-724 W. 5th Street
Tempe
17
10,845
$2,520,000
$232.37
634 SF
7/5/2018
1961

$148,235
2-0/1's, 11-1/1's, 2-2/1's, 2-2/2's; 31 % Down; New Opus Bank Loan; Last Sale: 5/31/2017 $1,750,000
Sanjo
722 E. Turney Ave.
Phoenix
10
6,433
$650,000
$101.04
643 SF
7/5/2018
1949

$65,000
All 1/1's; Private Financing; Last Sale: 09/2002 $260,500
Pinchot Arms
2326 E. Pinchot Ave.
Phoenix
12
9,416
$1,440,000
$152.93
785 SF
7/6/2018
1958

$120,000
4-1/1's, 8-2/1's; Cash; Last Sale: 01/2018 $1,100,000
Phoenician Villas
1545 W. Camelback Rd.
Phoenix
92
43,336
$5,500,000
$126.83
471 SF
7/6/2018
1968

$59,783
46-0/1's, 46-1/1's; 2% Down; New Loan: Bancorp Bank; Last Sale: 12/2017 $4,500,000
Avilla Grace
2121 N. Grace Blvd.
Chandler
194
189,559
$45,000,000
$237.39
977 SF
7/6/2018
2016

$231,959
46-1/1'S, 89-2/2'S, 59-3/2'S; 45% Down; New Loan: Parkway Bank & Trust; No Prior Sale

Wages continue to increase in Maricopa County.  People continue 
to move here.  Fundamentals remain very strong.

Any questions???  Call Me.



Data Source: CoStar, BREW, Vizzda plus personal information

Map of Available Apartments
We keep track of all apartments advertised. The interactive map shows the location and amount of units. Please check out our interactive map or for more details or contact us at 602 677 0655.

 
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About Us 
The Kasten Long Commercial Group has specialized in apartment brokerage in metro Phoenix since 1998. Our agents have brokered more than 1,000 communities with gross sales in excess of 1 billion dollars.

Kasten Long Commercial Group

5110 N 40th Street, Suite 110 Phoenix, AZ 85018
Designated Broker - Jim Kasten, CCIM
602 445 4113 office - 602 677 0655 cell
Jim@KLCommGroup.com

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