Senior Apartment Team
Linda Fritz-Salazar
Associate Broker


Call 602 759 1204


Email
Scott Trevey, CCIM
Senior Associate


Call 480 205 0862


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Weekly Apartment Closing Update through  June 23 , 2017

Property Name 
Address, City
Units Size 
(SF)
  
Sales Price
Price/SF
Ave. Unit
Size
Sale Date
 Year Built 
Price/
Unit
Comments 
Scottsdale Park Suites
1251 N. Miller Rd.
Scottsdale
95
50,589
$9,959,000
$196.68
533 SF
6/19/2017
1979

$104,737
2-0/1's, 93-1/1's; Cash Sale
1221 Broadway
fka: Aura on Broadway
1221 E. Broadway
Tempe
194
187,016
$41,810,000
$223.56
964 SF
6/19/2017
2016

$215,515
86-1/1's, 60-2/2's, 48-3's; 35% Down; New Freddie Mac Loan; No Prior Sale
Palm Terrace
1133 W. 5th Street
Tempe
44
39,380
$7,500,000
$190.45
895 SF
6/20/2017
1973

$170,454

All 2/2's; Renovated in 2015; 39% Down; New Loan: Opus Bank; Last Sale: 10/2016 for $7,150,000
Shadow Palms
6320 N. 63rd Ave.
Glendale
56
39,200
$3,000,000
$76.53
700 SF
6/20/2017
1963

$53,571
28-1/1's, 28-2/1's; 28% Down; New Loan: Opus Bank; Last Sale: 09/2014 for $1,760,000
Arbor
1548 W. University
Tempe
26
20,403
$2,600,000
$127.43
785 SF
6/20/2017
1964

$100,000
4-1/1's, 22-2/1's; 40% Down; New Loan: Opus Bank; Last Sale: 12/2013 for $1,220,000

Ten Sales From 26 Units to 472 Units; From $76.52/SF to $223.56/SF
All but One are in Scottsdale, Tempe or The East Valley. 
WANT TO KNOW WHAT YOUR PROPERTY IS WORTH? CALL US.
 
Arcadia Cove
2252 N. 44th Street
Phoenix
432
374,124
$71,500,000
$191.11
881 SF
6/21/2017
1996

$165,509

204-1/1's, 60-2/1's, 144-2/2's, 24-3's; 31$ Down, New Loan: Holliday Fenoglio Fowler; Last Sale: 06/2013 for $40,725,000
Chuparosas
2222 S. Dobson Road
Chandler
258
257,014
$43,500,000
$169.25
996 SF
6/22/2017
2007


$168,605

110-1/1's, 132-2/2's, 16-3's; 40% Down; New Fannie Mae Loan; No Prior Sales
Estancia
3620 N. Miller Rd.
Scottsdale
62
39,615
$6,900,000
$174.18
639 SF
6/22/2017
1968

$111,290
30-0/1's, 8-1/1's, 24-2/1's; 23% Down; New Loan: Bankcorp Bank; Last Sale: 12/2015 for $5,900,000
Midtown on Main Street, 2121 W. Main
Mesa
472
397,278
$47,200,000
$118.81
842 SF
6/23/2017
1985

$100,000

186-1/1's, 286-2/2's; 31% Down; New Freddie Mac Loan; Last Sale: 01/2015 for $34,950,000
Verde Dimora
2217 N. Power Road
Mesa
153
128,723
$22,250,000
$172.85
841 SF
6/23/2017
2016

$145,425
80-1/1's, 73-2/2's; 20% Down; New Loan: NXT Capital;  No Prior Sale

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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