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  September 28, 2018



Property Name
Address
City
No Units
SF
Sales Price
Price/SF
Unit SF Avg.
Sale Date
Year Built
Unit
Price
Unit Mix, % Down Payment, Lender; Previous Sale Date and Amount
Tides Lakeside
fka: Nines
999 E. Baseline Rd.
Tempe
244
232,406
$38,500,000
$165.67
952 SF
9/24/2018
1974

$157,787
20-0/1's, 60-1/1's, 44-2/1's, 108-2/2's, 12-3's; 42% Down; Assumed Freddie Mac; Last Sale: 05/2016 $25,130,000
Northview Manor
7732 N. 27th Ave.
Phoenix
14
13,584
$1,800,000
$132.51
970 SF
9/26/2018
1959, 1975

$128,571
12-2.1's, 1-2/2, 1-3; 40% Down; New Loan: Wash. Fed.; Last Sale: 01/2017 $955,000
San Portella
2155 S. 55th Street
Tempe
308
358,819
$64,800,000
$180.59
1165 SF
9/27/2018
2008

$210,390
104-1/1's, 164-2/2's, 40-3's; New Loan from US Bank for $108,000,000; Last Sale: 02/2012 $45,100,000
La Monte
4207-4213 N. 9th St.
Phoenix
18
11,662
$1,570,000
$134.63
648 SF
9/27/2018
1950, 1965

$87,222
3-0/1's, 11-1/1's, 3-2/1's, 1-3; 34% Down; New Loan: Opus Bank;  Last Sale: 12/2014 $1,075,000
3144 N. 66th St.
Scottsdale
12
6,672

$1,675,000
$251.05
556 SF
9/28/2018
1958

$139,583
Mix Unknown; 46% Down; New Loan: AmeriFirst; Last Sale: 01/2018 $1,000,000
Shadow Rose
6231 N. 67th Ave.
Glendale
148
136,738
$14,717,500
$107.63
805 SF
9/28/2018
1985

$99,443
72-1/1's, 76-2/2's; 33% Down; New Fannie Mae Loan; Last Sale: 03/2016 $8,000,000
1707 W. Vogel
Phoenix
16
9,200
$912,000
$99.13
575 SF
9/28/2018
1981

$57,000
8-1/1's, 8-2/1's; 25% Down; New Loan: Bank Financial; Last Sale: 10/2016 $655,000

Interest rates were increased last week by .25%.  
We are seeing a slight uptick in multifamily rates already.  Want to discuss?  Call us.



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.

 
Click Here for Interactive Map
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

Join Our Mailing List
View our videos on YouTube