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 30, 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
Sundance
100 W. Ray Road
Chandler
16
12,672
$1,780,000
$140.47
792 SF
11/23/2018
1965

$111,250
All 2/1's; 12% Down; New Fannie Mae Loan; Last Sale: 03/2016 $1,150,000
McKinley Court
815 N. 3rd Avenue
Phoenix
40
18,540
$4,761,476
$256.82
464
11/27/2018
1960

$119,037
18-0/1's, 22-1/1's; To be redeveloped - 108 Units
Desert Parks Vista
9393 E. Palo Brea Bend
Scottsdale
202
216,367
$52,000,000
$240.33
1071 SF
11/28/2018
2006

$257,426
11-0/1's, 78-1/1's, 95-2/2's, 18-3's; 21$ Down; New Loan: MF-1 Capital; Last Sale: 06/2010 $32,630,000
Sanctuary on 22nd
8530 N. 22nd Ave.
Phoenix
266
193,201
$31,827,500
$164.74
726 SF
11/29/2018
1985

$119,652
152-1/1's, 114-2/2's; 43% Down; New Fannie Mae Loan; Last Sale: 08/2016 $19,600,000
Macallister Scottsdale
7979 E. Wilshire Drive
Scottsdale
26
22,448
$5,800,000
$258.37
863 SF
11/29/2018
2016

$223,077
20-1/1's, 6-2/2's; Cash Sale; No Prior Sale
River Ranch
6152 W. Oakland St.
Chandler
186
126,396
$32,000,000
$253.17
680 SF
11/30/2018
1986

$172,043
98-1/1's, 32-2/1.5's, 56-2/2's; Portfolio Sale; 5% Down; New Freddie Mac Loan; Last Sale: 06/2011 $12,200,000
Chandler Court
3800 W. Chandler Blvd.
Chandler
310
279,419
$58,000,000
$207.57
901 SF
11/30/2018
1988

$187,097
109-1/1's, 164-2/1.5's, 33-2/2.5's; Portfolio Sale; 5% Down; New Freddie Mac Loan; Last Sale: 06/2011 $24,400,000
Vista Montana
3225 E. Baseline Rd.
Gilbert
341
305,511
$59,000,000
$193.12
896 SF
11/30/2018
1989

$173,021
141-1/1's, 200-2/2's; Portfolio Sale; 5% Down; New Freddie Mac Loan; Last Sale: 07/2012 $28,000,000
1133 West Fifth
1133 W. 5th St.
Tempe
44
39,380
$7,500,000
$190.45
895 SF
11/30/2018
1973

$170,454
All 2/2's; Fully Renovated; 27% Down; New Loan: Sabal Capital; Last Sale: 06/2017 $7,500,000
Hermosa Place
3132 N. 32nd St.
Phoenix
50
26,197
$4,300,000
$164.14
524 SF
11/30/2018
1980

$86,000
5-0/1's, 44-1/1's, 1-2/1'; 7% Down; Lender Unknown; Last Sale: 01/2007 $3,000,000
Arcadia Park
3426 N. 32nd St.
Phoenix
73
57,688
$8,300,000
$143.88
790 SF
11/30/2018
1973

$113,699
54-1/1's, 19-2/1's; 4% Down; Lender Unknown; Last Sale: 02/2000 $2,875,000
Hope to see many of you tomorrow at our third Town Hall Meeting for 2018.  We are meeting at the Arizona Multi-Housing Association (AMA) office, 818 N. 1st Street, Phoenix 85004.  Registration opens at 5:00 pm with the Town Hall beginning at 5:30 to 7:30.  We will present a brief update on the Multi-Family Market and then move into our main topic which is: Investing in Opportunity Zones.  

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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