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  May 4, 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 Montero
3636 E. Inverness Ave.
Mesa
208
213,387
$35,800,000
$167.77
1,026 SF
4/30/2018
2000

$172,115
72-1/1's, 104-2/2's, 32-3's; 23% Down; New Loan: FirstBank; Last Sale: 08/2007; Price Unknown
Vue Park West
9680 W. Northern Ave.
Peoria
260
260,488
$43,550,000
$167.19
1,002 SF
5/1/2018
2008

$167,500
42-0/1's, 84-1/1's, 119-2/1's,
 15-3's; Cash Sale; Last Sale: 02/2014 $30,050,000
Desert Crown
1516 W. Colter St.
Phoenix
35
31,198
$3,935,000
$126.13
891 SF
5/1/2018
1963

$112,429
All 2/1's; 20% Down; New Loan: Readycap Commercial; Last Sale: 10/2017 $775,000
Dakota at McDowell Mtn. Ranch, 16356 N. Thompson Peak Pkwy., Scottsdale 736
803,691
$160,100,000
$199.21
1,092 SF
5/2/2018
1997

$217,527
344-1/1's, 336-2/2's, 56-3's; Cash Sale; Last Sale: 03/1999 $62,450,000
Riverview Place
2107 W. Broadway Rd.
Mesa
155
112,207
$14,500,000
$129.23
724 SF
5/4/2018
1983

$93,548
14-0/1's, 91-1/1's, 12-2/1's, 38-2/2's; 8% Down; New Loan: C-III Capital; Last Sale: 10/2016 $10,850,000
Spanish Palms
225 S. Stapley Dr.
Mesa
28
17,157
$1,500,000
$87.43
613 SF
5/4/2018
1948-1975

$53,571
1-0/1, 21-1/1's, 6-2/1's; 25% Down; New Loan: UMB Bank; Last Sale: 05/2004 $1,150,000

Two very large cash sales.


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