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  November 16, 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
Sonoma
13221 N 21st Pl
Phoenix
12
9.088
$1,020,000
$261.30
532 SF
11/9/2018
1978-1983

$85,833
Mix unknown; 34% down, New loan: Wash Fed. Last Sale 06/1998 $220,000
Lone Cactus
2330 W. Lone Cactus 
Phoenix
12
10,368
$1,020,000
$98.38
864 SF
11/13/2018
1983

$85,000
All 2/2's; 25% Down; New Loan: FirstBank; Last Sale: 11/25/2015 $600,000
Warren House
1457 W. University
Mesa
107
57,406
$15,000,000
$261.30
532 SF
11/13/2018
1969-1970

$138,889
49-0/1's, 45-1/1's, 13-2/1's; M/M; 10% Down; New FNMA Loan Last Sale 06/15 $3,300,000
Vista Sureno
4727 E. Warner Rd.
Phoenix
186
164,836
$28,200,000
$171.08
886 SF
11/13/2018
1985

$151,613
93-1/1's, 93-2/2's; 37% Down; New Fannie Mae Loan; Last Sale: 11/2015 $17,400,000
6315 North Point
6315 N. 16th St.
Phoenix
88
75,336
$7,430,000
$98.62
856
11/14/2018
1969

$84,432
mix of 1/1 and 2/1 units
$8,3m new loan Walker & Dunlap
Last Sale 6/2007
Ritz Towers
328 E. Willetta St.
Phoenix
14
7,501
$1,350,000
$179.98
536 SF
11/15/2018
1967

$96,429
12-0/1's, 2-1/1's; 68% Down; New Loan: Bank 34; Last Sale: 03/2016 $950,000
Argenta
4104 E Broadway
Mesa
394
270,632
$50,275,000
$185.63
687
11/16/2018
1998

$127,602
103 1br/1ba, 220 2br/1ba, 17 2br/2ba.  $33.6m FNMA debt, Last sale 06/2018  $18,150,000
Cambria Luxury
130 W Guadalupe
Gilbert
174
195,371
$35,125,000
$179.79
1,123
11/16/2018
2000

$201.868
35 1br/1ba, 105 2br/2ba, 34 3br/2ba. Multi-prop by and loan.
Last sale 12/2015 $24,350,000
Array South Mountain
13229 S. 48th St.
Phoenix
600
533,282
$98,975,000
$185.60
889
11/16/2018
1988

$164,958
Mix or studio, 1/1, 2/1, 2/2 and 3/2. Multi-prop buy and loan
no sale history found
Lore South Mountain
13021 S 48th St
Phoenix
242
183,722
$37,150,000
@202.21
757
11/16/2018
1987

$153,512
Mix of 1/1, 2/1, 2/2 units
Multi-prop buy and loan
no sale history found

Rather than take their properties to market, some Sellers prefer to review unsolicited purchase offers.   Please check with us for such owners and properties . . . .



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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