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  December 1 , 2017

Property Name 
Address, City
Units Size 
(SF)
  
Sales Price
Price/SF
Ave. Unit
Size
Sale Date
 Year Built 
Price/
Unit
Comments 
Roosevelt Place
2232 E. Roosevelt
Phoenix
23
16,638
$1,650,000
$99.17
723 SF
11/27/2017
1984

$71,739
All 2/1's; 36% Down; New Loan KS State Bank; Last Sale: 2/10/2011 for $340,000
Tahiti Palms
2940 N. 40th Street
Phoenix
27
22,500
$2,815,000
$125.11
833 SF
11/27/2017
1963

$104,259
10-1/1's, 16-2/2's, 1-3; 36% Down; New Loan for $2.8M from Poppy Bank; Last Sale: 12/2012
Mission Springs
1311 W. Baseline Road
Tempe
306
228,021
$33,800,000
$148.23
745 SF
11/28/2017
1987

$110,458
72-0/1's, 80-1/1's, 154-2/2's, M/M; 29% Down; New Fannie Mae Loan; Last Sale: 11/2012 $23,000,000
Carole Arms
2550 W. Hazelwood Ave., Phoenix
44
29,849
$2,575,000
$86.27
678 SF
11/28/2017
1985

$58,523
20-1/1's, 24-2/1's; Cash Sale; Last Sale: 06/2014 $1,159,500
Country Gables
15010 N. 59th Avenue
Glendale
139
86,580
$12,300,000
$142.05
623 SG
11/30/2017
1983

$88,489
95-1/1's, 44-2/2's; 30% Down; New Freddie Mac Loan; Last Sale: 07/2013 $6,500,000
Mariposa Palms
114 E. Mariposa
Phoenix
10
7,304
$1,835,000
$251.23
730 SF
11/30/2017
1951

$183,500
2-1/1's, 8-2/1's; Renovated in 2016; 29% Down; New Loan: Wash Fed.; Last Sale:04/2016 $1,000,000
Bayside
20245 N. 32nd Drive
Phoenix
176
130,624
$23,900,000
$182.97
742 SF
12/1/2017
1999

$135,795
64-1/1's, 48-2/1's, 64-2/2's; 35% Down; New Freddie Mac Loan; Last Sale: 07/2012 $12,363,000
Wilshire Place
6725 N. 25th Drive
Phoenix
48
32,096
$3,050,000
$95.03
669 SF
12/1/2017
1983

$63,542
24-1/1's, 24-2/1's; 21% Down; New Loan: American First Credit Union; Last Sale: 06/2014 $1,625,000
Stapley Place
654 S. Stapley Drive
Mesa
46
35,985
$3,300,000
$91.70
782 SF
12/1/2017
1985

$71,739
All 2/2's; 10-4-Plexes & 2Tri-plexes; 14% Down; Seller Carry; Last Sale: 05/2002 $1,446,510
 
THINKING WE MIGHT BE NEAR THE TOP OF THE CYCLE?  WE HAVE STRONG APARTMENT BUYERS WILLING TO PAY TOP PRICES.  LET US KNOW IF YOU'RE CONSIDERING SELLING.  WE WILL ALWAYS BE ON YOUR SIDE AND REPRESENT YOU, NOT THE BUYER!


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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