Senior Apartment Team
Linda Fritz-Salazar
Associate Broker


Call 602 759 1204


Email
Scott Trevey, CCIM
Senior Associate


Call 480 205 0862


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Weekly Apartment Closing Update through  May 11, 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
Hanover Mill Avenue
101 W. 5th Avenue
Tempe
341
277,717
$95,100,000
$342.43
814 SF
5/7/2018
2015

$278,886
247-1/1's 94-2/2's; Cash Sale: Buyer: Goldman Sachs; No previous sale
Autumn Creek
1320 N. McQueen Rd.
Chandler
360
312,526
$45.500,000
$145.59
868 SF
5/10/2018
1986

$126,389
56-0/1's, 96-1/1's, 208-2/2's; 26% Down; New Loan: Canadian Imperial Bank; Last Sale: 04/2017 $36,000,000
Casa La Jolla
5228 W. Glenn Drive
Glendale
18
11,556
$1,175,000
$101.68
642 SF
5/10/2018
1960, 1971

$65,278
1-0/1, 9-1/1's, 8-2/1's; 51% Down; New Loan: FirstBank; Last Sale: 12/2014 $605,000

2928 W. Orangewood 
Phoenix
11
9,145
$765,000
$83.65
831 SF
5/10/2018
1940, 1965

$69,545
Mix Unknown; Cash Sale; Last Sale: 02/2018 $620,000
Capri on Camelback
5115 N. 40th Street
Phoenix
556
373,248
$81,250,000
$217.68
671 SF
5/11/2018
1970

$146,133
168-0/1's, 280-1/1's, 108-2/2's; M/M; 20% Down; New Loan: ($55M) IDA - Wilmington Trust & ($10M) B of A; Last Sale: 02/2007 $45,000,000

The iconic Capri on Camelback sells for $81,250,000 and in Tempe, the Hanover Mill Avenue, newly built in 2015 sells for $95,100,000.


Data Source: CoStar, BREW, Vizzda plus personal information

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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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