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  February 23, 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
Vela at Town Lake
555 N. College Ave.
Tempe
290
247,370
$73,200,000
$295.91
853 SF
2/20/2018
2016

$252,414
214-1/1's, 76-2/2's, 35% Down; New Loan: Met. Life Ins.;
No Prior Sale
Ridge at Sun Valley &
Southwest Village
801 & 777 N. 59th 
Ave., Phoenix
388
282,213
$13,675,000
$48.46
727 SF
2/20/2018
1986, 2004

$35,245
16-0/1's, 64-1/1's, 272-2/2's, 36-3/2's; $0 Down; New Loan: AZ Bank & Trust Includes $10,975,141 for Reno; Partially Affordable
Tides at Thomas
FKA: Murano
4815 E. Thomas Road
Phoenix
187
103,051
$15,250,000
$164.01
497 SF
2/22/2018
1978, 1980

$81,551
52-0/1's, 118-1/1's, 17-2/2's; 4% Down; New Loan: C-III Capital for $14,575,000; Last Sale: 07/2011 $2,490,000
Tides at 38th St.
FKA: South Seas
2929 N. 38th St.
Phoenix
45
31,900

$3,600,000
$112.85
709 SF
2/16/2018
1960

$80,000
44-1/1's, 1-2; 2% Down; New Loan: RCC Real Estate includes renovation money; Last Sale: 07/1993 - Price Unknown
 
I HAVE CLIENTS IN A 1031 EXCHANGE.  NEED A 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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