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  February 1, 2019

**Resending to correct input error**



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
The Enclave
3255 S. Dorsey Lane
Tempe
201
179,365
$41,800,000
$233.04
879 SF
1/28/2019
1994

$204,902
64-1/1's, 104-2/2's, 36-3's; 39% Down; Freddie Mac Loan; Part of 3 Property Portfolio sale; Last Sale: 03/2013 $24,988,000
The Heritage
1100 E. Osborn Rd.
Phoenix
204
198,916
$41,900,000
$210.64
975 SF
1/28/2019
1995

$205,392
68-1/1's, 104-2/2's, 32-3's; 41% Down; Freddie Mac Loan; Part of 3 Property Portfolio Sale; Last Sale: 03/2013 $22,108,000
Bella Vista
7810 N. 14th Street
Phoenix
248
300,000
$48,600,000
$161.33
1,210 SF
1/28/2019
1995

$195,161
72-1/1's, 128-2/2's, 48-3's; 40% Down; New Freddie Mac Loan; Part of 3 Property Portfolio Sale; Last Sale: 02/2013 $30,140,290
Coves at Newport
5205 W. Thunderbird
Glendale

480
402,811
$62,400,000
$154.91
839 SF
1/28/2019
1987, 1996

$130,000
224-1/1's, 32-2/1's, 176-2/2's, 48-3's; LURA on 20% of units to 2028;29 % Down; New Freddie Mac Loan; Last Sale: 12/2013 $30,750,000
Sienna Court
5701 N. 67th Avenue
Glendale
98
84,296
$6,035,000
$71.59
860 SF
1/30/2019
1974

$61,582
31-1/1's, 39-2/1's, 28-3's; M/M; 14% Down; New Loan: Arbor Realty; Last Sale: 12/2015 $3,750,000
Twelve on Tenth
646 N. 10th Ave.
Phoenix
12
6,346
$1,522,500
$239,91
529 SF
1/30/2019
1938

$126,875
All 1/1's; Renovated; 32% Down; New Freddie Mac Loan; Last Sale: 4/2017 $375,000
The Studio on 12th
4130 N. 12th Street
Phoenix
41
13,886
$3,150,000

$226.85
339 SF
1/31/2019
1973

$76,829
All Studios; 29% Down; New Freddie Mac Loan; Last Sale: 6/27/2016 $2,080,000
Melrose Flats
746 W. Turney Ave.
Phoenix
12
7,285
$1,900,000
$260.81
607 SF
1/31/2019
1956

$158,333
10-1/1's, 2-2/2's; Fully Renovated; Cash Sale; Last Sale: 3/31/2014 $1,125,000
Village at Sun Valley
7520 E. Billings St.
Mesa
276
342,294
$24,500,000
$71.58
1,240 SF
1/31/2019
2001

$88,768
26-1/1's, 224-2/2's, 26-3's; Fully Affordable; 25% Down; New Freddie Mac Loan; No Prior Sale
Lakeside Drive
500 W. 1st Street
Tempe
150
137,921
44,500,000
$322.65
919 SF
1/31/2019
2018

$296,667
81-1/1's, 67-2/2's, 2-3's; 43% Down; New Fannie Mae Loan; No Prior Sale
Zen on 50
2015 N. 50th Street
Phoenix
55
61,168
16,200,000
$264.84
1,112 SF
1/31/2019
2018

$294,545
39-2/2's, 16-3's; 31% Down; New Fannie Mae Loan; No Prior Sale
Waterside
4233 N. Longview
Phoenix
12
10,366
$1,152,000
$111.13
864 SF
1/31/2019
1987

$96,000
All 2/2's; 7% Down; New Loan: FirstBank; Last Sale: 05/2014 $515,000
Okay, the slowness we wondered about must have been a Holiday "thing".  Last week was a very strong week for closings.  Our market is strong, fundamentals are very good and Buyers are getting better returns here than in most other places!!

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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