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  September 20, 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
Biscayne Bay
300 E. Warner Road
Chandler
512
459,456
$110,250,000
$239.96
897 SF
9/17/2019
2000

$215,332
224-1/1's, 272-2/2's, 16-3's; 35% Down; New Fannie Mae Loan; Last Sale: 11/2016 $71,500,000
The Rev
3409 S. Rural Rd.
Tempe
172
143,174
$28,200,000
$196,96
832 SF
9/18/2019
1973

$163,953
12-0/1's, 70-1/1's, 90-2/2's; 28% Down New Freddie Mac Loan; Last Sale: 05/2017 $17,600,000
Jameson
1301 E. Thomas
Phoenix
16
15,732
$2,300,000
$146.20
983 SF
9/18/2019
1953

$143,750
Mix Unknown; 61% Down; Seller Carry; Last Sale: 03/2014 $788,000
Westover Parc
6515 W. McDowell Rd.
Phoenix
42 of 160 $6,547,895 9/19/2019
2001

$155,902
Owner now owns 146 of 160 units; 2% Down; Loan Amount added to existing financing with Readycap Commercial
 

Four sales.  Three showing strong appreciation in value over relatively short time 
frames between sales.  Westover Parc almost back to a 100% rental community.  


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