Register Now For Our Upcoming Event At SkySong
September 14th!!!
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  August 10, 2018



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
Sierra Canyon
17500 N. 67th Avenue
Glendale
236
235,730
$41,916,619
$177.82
999 SF
8/6/2018
2001

$177,613
108-1/1's, 112-2/2's, 16-3's; 39% Down; New Fannie Mae Loan; Last Sale: 07/2012 $22,000,000; Portfolio Sale
Waterford
14109 N. 83rd Ave.
Peoria

200
194,193
$35,522,559
$182.92
971 SF
8/6/2018
2008

$177,613
89-1/1's, 99-2/2's, 12-3's; 36% Down; New Fannie Mae Loan; Last Sale: 07/2012 $22,000,000; Portfolio Sale
Sierra Foorhills
13601 S. 44th Street
Phoenix
322
306,300
$57,191,319
$186.72
951 SF
8/6/2018
1999

$177,613
160-1/1's, 162-2/2's; 39% Down; New Fannie Mae Loan; Last Sale: 07/2012 $27,000,000; Portfolio Sale
Finisterra
1250 W. Grove Pkwy.
Tempe
356
329,140
$63,230,154
$192.07
925 SF
8/6/2018
1997

$177,613
123-1/1's, 156-2/2's, 77-3's; 32% Down; New Fannie Mae Loan; Last Sale 7/1/2012 $35,250,000; Portfolio Sale
Res. at Stadium Village
16845 N. Stadium Way
Surprise
382
402,347
$67,848,087
$168.63
1,053 SF
8/6/2018
2009

$177,613
180-1/1's, 182-2/2's, 20-3's; 34% Down; New Fannie Mae Loan; Last Sale: 07/2012 $45,000,000; Portfolio Sale
Lumiere Condos
1100 N. Priest Drive
Chandler
255 of 320 $45,301,262 8/6/2018
1996, 2007

$177,652
Mix Unknown; 34% Down; New Fannie Mae Loan; Last Sale: 07/2012 $28,000,000; Portfolio Sale
Phoenician Townhomes
1633 w. Missouri Ave.
Phoenix
36 0f 44
34,200
$4,057,364
$118.64
950 SF
7/31/2018
1964

$112,705
All 2/2's; Buyer had previously purchase 8 and now has all 44; New Loan: Readycap Commercial
Taylor Place
1425 E. Taylor St.
Phoenix
16
10,962
$1,070,000
$97.61
685 SF
8/9/3018
1962

$66,875
All 2/1's; 30% Down; New Loan: Bank of the West; Last Sale: 05/2015 $725,000
Tides on Mill
5101 S. Mill Avenue
Tempe
167
136,254
$19,000,000
$139.45
816 SF
8/10/2018
1972

$113,772
57-1/1's, 62-2/1's, 48-2/2's; 10% Down; New Loan: Colony Northstat; Last Sale: 01/2013 $9,050,000

Arizona's job growth is expected to outpace the nation over the next several years, and most of the gains will occur in metropolitan Phoenix.  (Report from AZ Office of Economic Opportunity)

Time to purchase that second or larger multi-family property.

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.

 
Click Here for Interactive Map
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

Join Our Mailing List
View our videos on YouTube