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 22, 2019
Mark your Calendars!!   
The next Town Hall is Wednesday, March 27, 2019, 
at Copenhagen on E. Camelback

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
Sunset Acres
1810 N. 26th Place
Phoenix
11
7,740
$900,000
$116.28
704 SF
2/18/2019
1960

$81,819
2-1/1's, 6-2/1's, 3-3's; Private Loan (Relative) 100%; Last Sal: 7/12/2017 $710,000
Casa Serena
2222 N. 27th Street
Phoenix
10
7,100
$732,000
$103.10
710 SF
2/15/2019
1982

$73,200
6-1/1's, 4-2/1's; 20% Down; New Loan: UMB Bank; Last Sale: 11/15/2013 $550,000
Bell Tower
17216 N. 33rd Avenue
Phoenix
224
164,836
$26,300,000
$159.55
736 SF
2/19/2019
1986

$117,411
80-1/1's, 40-2/1's, 104-2/2's; 17% Down; New Loan: RCC Real Estate; Last Sale: 07/1993 $6,200,000
Avion on Legacy
7340 E. Legacy Blvd.
Scottsdale
322
319,530
$88,300,000
$276.34
992 SF
2/20/2019
2014

$274,224
150-1/1's, 151-2/2's, 21-3's; Cash Sale; Last Sale: 10/2015 $74,060,000
Spence Garden
1226 E. Spence Avenue
Tempe
13
7,221
$1,575,000
$218.11
555 SF
2/21/2019
1958

$121,154
Mix Unknown; Cash Sale; Last Sale Unknown
Tuscano Village
6816 W. Bethany Home Rd.
Glendale
120
114,213
$11,635,000
$101.87
952 SF
2/21/2019
1974

$96,958
37-2/1's, 83-3's; All Sgl. Level; 18% Down; New Fannie Mae Loan; Last Sale: 10/13/2016 $8,000,000
So. Mountain Square
1630 E. Baseline Rd.
Phoenix
117
89,750
$10,750,000
$119.78
767 SF
2/22/2019
1986

$91,880
61-1/1's, 56-2/2's; 13% Down; New Loan: Bancorp Bank; Last Sale: 1/14/2013 $3,000,000
15th Avenue
10821 N. 15th Avenue
Phoenix
20
15,208
$1,600,000
$105.21
760 SF
2/22/2019
1954, 1973

$80,000
5-1/1's, 14-2/1's, 1-2/2; 35% Down; New Freddie Mac Loan; Last Sale: 4/18/2013 $480,000
Alante at the Islands
2222 N. McQueen Rd.
Chandler
320
357,692
$59,600,000
$166.62
1,118 SF
2/22/2019
1996

$186,250
96-1/1's, 176-2/2's, 48-3's; 36% Down; New Fannie Mae Loan; Last Sale: 7/29/2014 $33,236,700
A real mixed bag this week.  Sales from $274,224/door to $73,200/door.  Five local Buyers, three from CA, one each from Chicago and Florida.

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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