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  August 18 , 2017


Property Name 
Address, City
Units Size 
(SF)
  
Sales Price
Price/SF
Ave. Unit
Size
Sale Date
 Year Built 
Price/
Unit
Comments 
Equestrian
11100 N. 115th Street'Scottsdale
202
156,724
$25,950,000
$165.58
776 SF
8/14/2017
1986

$128,465
120-1/1's, 82-2/2's; 6% Down; New Loan: Resource Capital; Last Sale: 01/2002 - Part of Portfolio
Redstone at San Tan
1925 S. Coronado
Gilbert
382
387,535
$71,500,000
$184.50
1,014 SF
8/14/2017
2012

$187,173
183-1/1's, 182-2/2's, 17-3's; 41% Down; Assumed Loan w/NY Life Ins.; No Prior Sale
Coventry Square
1859 E. Broadway Rd.
Mesa
22
13,860
$1,256,000
$90.62
630 SF
8/17/2017
1972

$57,091
10-1/1's, 12-2/1's; Cash Sale; Last Sold: 02/2005 for $1,090,000

 
Interesting: 2Q 2017 had Price/Unit Average at $125,000 for properties with 100+ Units and $93,000 for properties with 10 -  99 Units

WANT TO KNOW WHAT YOUR PROPERTY IS WORTH? CALL US.
WE ARE HAPPY TO PROVIDE A COMPLIMENTARY BROKER OPINION
OF VALUE ON YOUR PROPERTY.
 

Data Source: CoStar, BREW, Vizzda plus personal information
Map of Available Apartments
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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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