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  June 30 , 2017

Property Name 
Address, City
Units Size 
(SF)
  
Sales Price
Price/SF
Ave. Unit
Size
Sale Date
 Year Built 
Price/
Unit
Comments 
Oakdale Townhouses
2302 N. 27th Street
Phoenix
55
45,884
$3,725,000
$81.18
834 SF
6/26/2017
1963

$67,727
12-0/1's, 8-1/1's, 33-2/1.5's, 2-3's; 36% Down; New Freddie Mac Loan; Last Sale: 04/2013 for $1,675,000
Summerhill
2925 N. Greenfield Rd.
Phoenix
130
94,644
$9,300,000
$98.26
728 SF
6/27/2017
1970

$71,538
1-0/1, 63-1/1's, 66-2/1's; 22% Down; New Loan: Bank of America;
Last Sale 01/2012 for $3,250,000
Enclave at Arrowhead
8092 W. Paradise Lane
Peoria
240
247,964
$39,500,000
$159.30
1,033 SF
6/29/2017
2005

$164,583
96-1/1's, 132-2/2's, 12-3's; 33% Down; New Loan: Wells Fargo; Last Sale: 12/2011 for $26,900,000
Mesa Ridge
650 S. Country Club
Mesa
151
135,678
$13,725,000
$101.16
899 SF
6/29/2017
1974

$90,894
32-1/1's, 119-2/2's; 25% Down; New Loan: Opus Bank;
Last Sale: 03/2015 for $8,500,000
McKinley Court
815 N. 3rd Avenue
Phoenix
40
18,540
$3,300,000
$177.99
464 SF
6/29/2017
1960

$82,500
20-0/1's, 20-1/1's; 24% Down; New Loan: Citywide Bank;
Last Sale: 09/2012 for $1,665,000

THE APARTMENT MARKET CONTINUES TO BE VERY ACTIVE. PRICES ARE REACHING ALL TIME HIGHS.   WANT TO KNOW WHAT YOUR PROPERTY IS WORTH? CALL US.  WE ARE HAPPY TO PROVIDE A COMPLIMENTARY BROKER OPINION OF VALUE ON YOUR PROPERTY.
 
Park Ridge
1829 E. Broadway 
Mesa
14
10,752
$1,025,000
$95.33
768 SF
6/29/2017
1972


$73,214

Mix Unknown; 44% Down; New Loan: AZ. Central Credit Union; Last Sale: 09/2004 for $567,000

2801 N. 5th Street
Phoenix
15
9,035
$1,445,000
$159.93
'602 SF
6/29/2017
1955


$96,333


3-0/1's, 10-1/1's, 2-2/1's; 34% Down; New Loan: Wash. Fed.; Last Sale: 02/1997 for $150,000
5th & Hardy Twnhs.
1000 W. 5th Street
Tempe
19
41,097
$6,600,000
$160.60
2,163 SF
6/30/2017
2017

$347,368

Mix Unknown; Cash Sale

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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