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  March  2, 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
San Palmas
1111 N. Mission Park Blvd., Chandler
240
242,212
$43,200,000
$178.36
1,009 SF
2/28/2018
1998

$180,000
90-1/1's, 118-2/2's, 32-3's; 36% Down; New Freddie Mac Loan; Last Sale: 02/2013 $33,600,000
Canyon Pines
17840 N. Black Cnn
Phoenix
108
106,033
$9,300,000
$87.71
982 SF
2/28/2018
1983

$86,111
42-1/1's, 66-2/2's; 28% Down; New Loan: Opus Bank; Last Sale: 01/1999 $5,100,000
Park Pacific
15435 N. Cave Creek
Phoenix
26
15,136
$1,250,000
$82.58
582 SF
2/28/2018
1985

$48,076
All 1/1's; 2% Down; New Loan: Unison Bank; Last Sale: 02/2016 $905,000
Mount Crescent
1452 E. Cinnabar Ave.
Phoenix
25
15,780
$1,545,000
$97.91
631 SF
2/28/2018
1980

$61,800
21-1/1's, 2-2/2's, 2-3's; Cash; Last Sale: 03/2015 $1,200,000
Cameron Creek
1975 E. University Sr.
Tempe
211
196,655
$30,850,000
$156.87
932 SF
3/1/2018
1989

$146,209
59-1/1's, 152-2/2's; 22% Down; New Freddie Mac Loan; Last Sale: 10/2007 $18,800,000
Solterra on 5th Ave.
4327 N. 5th Ave.
Phoenix
40 of 60

$6,000,000

2/28/2018
2006

$150,000
Mix Unknown; New Loan from Bancorp Bank for $6,441,000; Last Sale 10/6/2015 $4,560,000
 
I HAVE CLIENTS IN A 1031 EXCHANGE.  NEED A MULTI-FAMILY PROPERTY IN THE 
$11MM - $12MM RANGE.  PLEASE CALL ME!


Data Source: CoStar, BREW, Vizzda plus personal information

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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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