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 6, 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
Alta San Marcos
445 W. Chandler Blvd.
Chandler
273
248,777
$71,750,000
$288.41
911 SF
8/1/2019
2018

$262,821
185-1/1's, 71-2/2's, 17-3's; Financing unknown; No Prior Sale
Glenrosa West
2420 W. Glenrosa
Phoenix
16
12,839
$1,300,000
$101.25
802 SF
8/22/2019
1968

$81,250
3-1/1's, 13-2/1's; 25% Down;New Loan: Peer Street Funding; Last Sale: 01/1997 $285,000
Serafina
15400 W. Goodyear Bl.
Goodyear
268
254,584
$45,500,000
$178.72
950 SF
9/4/2019
2008

$169,776
168-1/1's, 4-2/1's, 88-2/2's, 8-3's; 37% Down; Assumed HUD Loan; Last Sale: 05/2016 $32,500,000
28 on Thomas
1225-1241 E. Thomas
Phoenix
27
21,587
$3,500,000
$162.13
800 SF
9/5/2019
1952

$129,630
17-1/1's, 10-2/1's; 63% Down; New Loan: Wash Fed.; Last Sale: 08/2016 $2,400,000
Westover Parc
6515 W. McDowell road
Phoenix
103 of 160

$12,250,000

9/5/2019
2001

$118,932
Mix Unknown; New Loan: ReadyCap Commercial; Last Sale: 01/2013 $5,300,000
Bella Vista
1564 N. Morrison Ave.
Casa Grande
140
122,808
$11,375,000
$92.62
873 SF
9/6/2019
1995

$81,250
Mix Unknown; 35% Down; New Loan: Greystone Servicing; Last Sale: 06/2012 $3,950,000
Bethany West
6211-6251 N. 48th Ave
Glendale
48
41,319
$2,670,160
$64.62
861 SF
9/6/2019
1960

$55,628
Six 4-Plexes; All 2/1's; 41% Down; New Loan For $3,190,000 w/Artemis Realty Capital; Last Sale: 05/1999 $636,000
Autumn Leaves
6821 N. 45th Ave.
Glendale
28
22,470
$1,985,000
$88.34
803 SF

9/6/2019
1964

$70,893
Mix Unknown; 43% Down; New Loan for $2,400,000 w/Artemis Realty Capital; Last Sale Info Not Available
 

Another strong week with eight sales.  Five Buyers from out-of state; 
two from California, one from Illinois, one from Utah and one from Washington.  

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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