Senior Apartment Team

Linda Fritz-Salazar
Associate Broker
Senior Partner
Call 602.989.9487

Jon Coffen
Senior Partner

Call 602.653.3600

 

Weekly Apartment Closing Update through  August 9, 2019


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
Citi on Camelback
909 E. Camelback Road
Phoenix
192 of 360;
SF Unknown
$32,700,000

8/7/2019
2001

$170,313
Mix Unknown; 36% Down; New Loan W/Varde Partners for $56,675,000
Higley Street
315-321 N. Higley Road
Mesa
30
22,370
$2,600,000
$116.23
746 SF
8/8/2019
1967

$86,667
Mix Unknown; New Loan: Bank 34; Last Sale: 11/2005; Price Unknown
Oak Tree
3620 E. McDowell Rd
Phoenix
76
49,929
$6,900,000
$138.20
657 SF
8/9/019
1984

$90,789
60-1/1's, 8-2/1's, 8-2/2's; 36% Down; New Freddie Mac Loan; Last Sale: 06/2000 $2,450,000
Tides at 40th Street
2620 N. 40th Street
Phoenix
43
38,000
$6,475,000
$170.39
884 SF
8/9/2019
1969

$150,581
15-1/1's, 27-2/2's, 1-3; Renovated in 2018; 20% Down; Last Sale: 03/2017 $4,500,000
Scottsdale 5th Avenue
6405 E. Indian School
Scottsdale
59
30,202
$6,600,000
$218.53
512 SF
8/9/2019
1968

$111,864
28-0/1's, 30-1/1's, 1-2/1; M/M; 30% Down; New Freddie Mac Loan; Last Sale: 06/2000 $2,265,000
 

Rockwell Partners, from Chicago, IL bought 192 of the 360 units in the Class property on E. Camelback.  They plan to renovate these units.  
Also, ZH Multifamily bought both the Oak Tree and Scottsdale 5th Avenue.  Nice job!

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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