Senior Apartment Team
Linda Fritz-Salazar
Associate Broker


Call 602 759 1204


Email
Scott Trevey, CCIM
Senior Associate


Call 480 205 0862


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Weekly Apartment Closing Update through  October 27 , 2017

Property Name 
Address, City
Units Size 
(SF)
  
Sales Price
Price/SF
Ave. Unit
Size
Sale Date
 Year Built 
Price/
Unit
Comments 
Oak Ridge
3330 W. Greenway Rd.
Phoenix
282
195,202
$23,970,000
$122.80
692 SF
10/23/2017
1984

$85,000
30-0/1's, 172-1/1's, 24-2/1's, 56-2/2's; 29% Down; New Loan; Northmarq Capital; Last Sale: 08/2015 for $17,000,000
Altera Highland
1601 E. Highland
Phoenix
350
469,456
$75,250,000
$160.29
1,341 SF
10/23/2017
1998

$215,000
132-1/1's, 208-2/2's, 10-3's; Last Sale: 12/2014 for $57,000,000
454 West
454 W. Brown Rd
Mesa
80
72,562
$7,000,000
$96.47
907 SF
10/25/2017
1972

$87,500
All 2/2's; 60% Down; New Freddie Mac Loan; Last Sale: 11/2011 for $4,300,000
Spring Meadow
10030 N. 43rd Avenue
Glendale
271
181,448
$22,250,000
$122.62
670 SF
10/25/2017
1981

$82,103
205-1/1's, 34-2/1's, 32-2/2's; Last Sale" 04/2003 for $8,800,000
Sierra Pines
9422 N. 31st Avenue
Phoenix
332
1983
$23,750,000
$92.50
773 SF
10/25/2017
1983

$71,536
32-0/1's, 175-1/1's, 44-2/1's, 80-2/2's; 27% Down; New Freddie Mac Loan; Last Sale: 11/2003 for $11,100,000
Legends at Kierland
6735 E. Greenway Rd.
Scottsdale
360
376,704
$73,440,000
$194.95
1,046 SF
10/26/2017
1996

$204,000
142-1/1's, 176-2/2's, 42-3's; 23% Down; New Loan: AXA Equitable Life; Last Sale; 06/2006
Traditions at Kierland
6633 E. Greenway
Scottsdale
364
381,832
$74,560,000
$195.30
1,049 SF
10/26/2017
1998

$204,835
130-1/1's, 184-2/2's, 50-3's; 23% Dow; New Loan: AXA Equitable Life Ins.; Last Sale: 06/2006
Alta Fillmore
601 W. Fillmore
Phoenix
230
215,052
$59,000,000
$274.35
935 SF
10/26/2017
2016

$256,522
115-1/1's, 115-2/2's; No previous sale.
Tower Villa
3024 N. 39th Street
Phoenix
14
10,704
$1,450,000
$135.46
765 SF
10/26/2017
1957

$103,571
10-1/1's, 4-2/1's; Private Loan for $1,750,000; Last Sale: 04/2015 for $775,000
Sugarloaf
13024 N. 22nd Street
Phoenix
12
7,332
$1,040,000
$141.84
611 SF
10/26/2017
1983

$86,667
All 2/1's; 35% Down; New Loan: Wash Fed.; Last Sale: 06/2015 for $485,000
Sydney
3031 N. 36th Street
Phoenix
30
21,310
$2,675,000
$125.53
710 SF
10/27/2017
1970

$89,167
20-1/1's, 8-2/1's, 2-3's; 30% Down; New Loan: Opus Bank; Last Sale: 12/30/2015 for $1,380,000


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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