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 3, 2018



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
Sierra Verde Villas
10525 W. Monterosa
Phoenix
58
60,565
$6,250,000
$103.19
1,044 SF
7/30/2018
1999

$100,806
47-2/2's, 11-3's; 31% Down; New Loan: Opus Bank; Last Sale: 02/2013 $3,200,000
Serrano Gardens
1915 E. Broadway Rd.
Mesa
97
69,280
$8,825,000
$127.38
714 SF
7/30/2018
1973

$90,979
16-1/1's, 80-2/1's, 1-3; 23% Down; New Loan: Pinnacle Bank; Last Sale: 09/2016 $6,430,000
Earll East
3219 E. Earll Drive
Phoenix
10
7,720
$980,000
$126.94
772 SF
7/30/2018
1968

$98,000
2-1/1's, 8-2/1's; 20% Down; New Loan: UMB BanlLast Sale: 05/2003 $480,000
Keswick
1623 W. Denton
Phoenix
28
24,198
$2,400,000
$99.18
864 SF
7/31/2018
1979

$85,714
4-1/1's, 24-2/1's; 3% Down; New Loan: First Int'l Bank & Trust; Last Sale: 7/14/2017 $1,700,000
Campbell
2417 E. Campbell Ave.
Phoenix
24
15,252
$3,150,000
$206.53
636 SF
8/1/2018
1960

$131,250
2-0/1's, 14-1/1's, 8-2/1's; 37 $ Down; New Loan: Homestreet Bank; Last Sale: 12/2015 $1,825,000
Rancho Murietta
1717 S. Dorsey Lane
Tempe
292
255,595
$41,600,000
$162.76
875 SF
8/1/2018
1983

$142,466
128-1/1's, 60-2/1's, 84-2/2's, 20-3's; 28% Down; New Freddie Mac Loan; Last Sale: 10/2000 $17,075,000
Glen at Mesa
1233 N. Mesa Drive
Mesa
406
536,470
$55,300,000
$103.08
1,321 SF
8/1/2018
1984

$136,207
All 2/2's; 30% Down; New Freddie Mac Loan; Last Sale: 07/2000 $24,700,000
Del Coronado
843 S. Longmore St.
Mesa
419
395,847
$56,600,000
$142.98
945 SF
8/1/2018
1983

$135,084
161-1/1's, 258-2/2's; 28% Down; New Freddie Mac Loan; Last Sale: 10/2000 $23,575,000
23rd Ave. Apts.
6201 N. 23rd Ave.
Phoenix
10
5,918

$795,000
$134.34
538 SF
8/2/2018
1954

$72,273
9-1/1's, 1-2/1'(House); 15% Down; Private Loan: Active Funding; Last Sale: 08/2013 $300,000

Arizona's job growth is expected to outpace the nation over the next several years, and most of the gains will occur in metropolitan Phoenix.  (Report from AZ Office of Economic Opportunity)

Time to purchase that second or larger multi-family 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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