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  July 13, 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
Suede
2525 N. 52nd Street
Phoenix
13
10,342
$1,450,000
$140.20
796 SF
7/9/2018
1968, 1974

$111,538
1-0/1, 5-1/1's, 7-2/1's, 1-3; 40% Down; New Loan: BankFinancial; Last Sale: 11/2016 $1,030,000
Valle Cita
2311 E. Union Hills
Phoenix
146
108,435
$16,500,000
$152.16
743 SF
7/9/2018
1985

$113,014
10-0/1's, 40-1/1's, 64-2/1's, 32-2/2's; 30% Down; New Freddie Mac Loan; Last Sale: 02/2015 $8,535,000
Maryland Palms
2507 W. Maryland
Phoenix
22
14,836q
$1,485,000
$100.09
674 SF
7/12/2018
1966

$67,500
1-0/1, 19-1/1's, 2-2/2's; 25% Down; New Loan: Firstbank; Last Sale: 2/2/2018 $1,463,000
Greenway Landing S & N; 2502 E. Greenway
Phoenix
90
69,372
$7,145,000
$103.00
771 SF
7/12/2018
1981

$79,389
8-1/1's, 82-2/1's' 25% Down; New Loan: Grandbridge R.E. Capital; Last Sale: 05/2016 $4,500,000
Vue on Camelback
4802 N. 15th Avenue
Phoenix
93
58,410
$9,500,000
$162.64
628 SF
7/12/2018
1974

$102,150
48-1/1's, 45-2/1's, 35% Down; New Loan: New York Community Bank; Last Sale: 09/2015 $3,325,000

402 S. Beck Ave.
Tempe
10
5,850
$1,100,000
$188.03
585 SF
7/13/2018
1962

$110,000
Unknown; 11% Down; New Loan: Capital Fund; Last Sale 06/1999 $90,000 
Mariposa at 5th
501 & 511 E. Mariposa
Phoenix
16
12,432
$1,700,000
$136.74
777 SF
7/13/2018
1950

$106,250
14-1/1's, 2-2/1's; 41% Down; New Loan: FirstBank; Last Sale: 07/2015 $1,155,000
17 ON 15th
3358 N. 15th Ave.
Phoenix
17
11,194
$1,475,000
$131.77
658 SF
7/13/2018
1958

$86,765
2-0/1's, 11-1/1's, 4-2/1's; 25% Down; New Loan: Pacific Premier Bank; Last Sale: 09/2000 $567,500

Prices continue to rise as rents continue to increase.  
Vacancies are low.  Fundamentals remain very strong.  It is time to sell that small building and buy a larger property.

Any questions???  Call Me.



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.

 
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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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