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 25, 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
Zazu Pannee Park Regent, 1502 E. Osborn, Phoenix
185
129,071
$22,250,000
$172.39
698 SF
5/22/2018
1953

$120,270
9-0/1's, 89-1/1's, 87-2/1's; Renovated in 2008; 30% Down; New Loan: N.Y. Community; Last Sale 2/1/2006 $12,000,000
Seventeen 805
17805 N. 40th Street
Phoenix
138
151,460
$16,780,000
$110.79
1,097 SF
5/22/2018
1984

$121,594
1-1/1, 3-2/1's, 134-2/2's; 36% Down; Assumed Freddie Mac Loan; Last Sale: 09/2016 $10,750,000
Sonoma Ridge
8201 W. Beardsley Rd.
Peoria
240
227,740
$42,000,000
$184.42
949 SF
5/23/2018
2001

$175,000
108-1/1', 85-2/2's, 47-3's; 47% Down; New Fannie Mae Loan; Last Sale: 02/2016 $30,200,000
Epic at University Pt.
1224 E. Lemon St.
Tempe
65
52,910
$7,500,000
$141.75
814 SF
5/23/2018
1965

$115,385
26-1/1's, 39-2/1's; 7% Down; New Loan: Macquarie Group; Last Sale: 11/2012 $3,640,000
Fairways at Cave Creek
2140 W. Thunderbird
Phoenix
376
268,400
$37,250,000
$138.79
714 SF
5/24/2018
1981

$99,069
48-0/1's, 168-1/1's, 160-2/2's; 20% Down; New Loan: East West Bank; Last Sale: 03/2017 $27,072,000
Palm Villas
7002 E. Palm Lane
Scottsdale
90 of 106
73,880
$10,330,000
$139.82
821 SF
5/24/2018
1963

$114,778
Mix Unknown; New Loan: Walker & Dunlop
College Town Tempe
950 S. Terrace
Tempe
150
121,274
$16,300,000
$134.41
808 SF
5/25/2018
1968

$108,667
83-1/1's, 67-2/2's; 17% Down; New Loan: Voya Financial; Last Sale: 07/2010 $4,800,000
Regency Park
6333 N. 12th Street
Phoeix
104
88,368
$13,500,000
$152.77
850 SF
5/25/2018
1971

$129,808
50-1/1's, 54-2/2's; M/M; 19% Down; New Loan: Hunt Mortgage; Last Sale: 01/2017 $9,150,000

2031 E. Glenrosa
Phoenix
10
7,695
$1,556,000
$202.21
767 SF
5/25/2018
1980, 1990

$155,600
Mix Unknown; Renovated; 25% Down; New Freddie Mac Loan; Last Sale: 6/30/2016 $325,000

340 W. Highland
Phoenix
10
5,776
$825,000
$142.83
578 SF
5/25/2018
1929, 1946

$82,500

Mix Unknown; 20% Down; New Loan: Commloan; Last Sale: 04/2004 $500,000

Town-Hall Style Meeting for Owners of Small and Mid-Size Apartment
Wed., June 6, 2018 6:00 to 7:30 PM st Copenhagen Furniture, 
1701 E. Camelback Road     
Call to Register!!



Data Source: CoStar, BREW, Vizzda plus personal information

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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.

 
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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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