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  April 20, 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
Tides at Arcadia
4025 N. 40th Street
Phoenix
49
24,997
$6,300,000
$252.03
297 SF
4/12/2018
1966

$128,571
All 1/1's; M/M; 36% Down; M/M; New Loan: Sacramento Bank; Last Sale: 09/2016 $1,893,878
Met at Fashion Center
1 N. Hearthstone Way
Chandler
303
329,605
$64,800,000
$196.60
1,088 SF
4/16/2018
2015

$213,861
172-1/1's, 131-2/2's;  39% Down; Assumed Fannie Mae Debt; No previous Sale
Escape
4700 N. 16th Street
Phoenix
244
217,562
$58,350,000
$200.21
892 SF
4/16/2018
2014

$239,139
152-1/1, 92-2/2's; 30% Down; New Loan: Chase Bank; No Prior Sale

4248 N. 12th Street
Phoenix
10
6,342
$759,500
$119.76'
634 SF
4/17/2018
1947

$75,950
7-1/1's, 2-2/1's, 1-3/2; 43% Down; New Private Loan; Last Sale: 09/2016 $553,367
Casa Sunrise
3002 N. 40th Street
Phoenix
14
8,420
$1,430,000
$169.83
601 SF
4/17/2018
1950, 1972

$102,143
5-1/1's, 2-2/1's, 7-2/2's; 35% Down; New Loan: MidFirst Bank; Last Sale: 12/2017 $854,000
Bakers
3008 N. 39th Street
Phoenix
14
9,800
$1,430,000
$145.92
700 SF
4/17/2018
1950

$102,143
All 1/1's; 35% Down; New Loan: MidFirst; Last Sale: 05/1996 $290,000

15825 N. 25TH Street
Phoenix
10
6,672
$610,000
$91.43
667 sf
4/18/2018
1950,1984

$61,000
All 2/1's; 34% Down; Private Loan
Hazelwood
645 W. Hazelwood
Phoenix
15
10,096
$1,536,888
$152.23
673 SF
4/20/2018
1959

$102,459
13-1/1's, 2-2/1's; 46% Down; Some Renovation; New Loan: Wash Fed.; Last Sale 06/2014 $735,888

Both new, large multi-family properties and older, smaller, value-add properties are showing strong sales.


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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