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  June 14, 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

6633-6637 N. 58th Dr.
Glendale
10
5,819
$685,000
$117.72
582 SF
6/7/2019
1945, 1995

$68,500
1-0/1, 6-1/1's, 3-2/1's; Cash Sale; Last Sale: 11/30/2018 $500,000
Villas De Azul
2627 N. 45th Avenue
Phoenix

301
265,944
$19,800,000
$74.45
884 SF
6/11/2019
1972

$65,781
33-1/1's, 130-2/1's, 138-3's; M/M; 18% Down; New loan from BankCorp Bank to include
Reno $; Last Sale: 06/2017 $12,742,000
Sonoran Vista
9340 E. Redfield Rd
Scottsdale
264
271,112
$67,000,000
$247.13
1,027 SF
6/13/2019
1996

$253,788
108-1/1's, 132-2/2's, 24-3's; New Gannie May Loan; Last Sale: 08/2014 $43,00,000
Las Casitas
1408 N. Central Ave.
Avondale
168
159,768
$22,000,000
$137.70
951 SF
6/14/2019
1978

$130,952
28-1/1's, 112-2/2's, 28-3's; 23% Down; New Freddie Mac Loan; Last Sale: 07/2015 $9,750,000
Colony
4711 N. 53rd Lane
Phoenix
236
212,488
$25,100,000
$118.12
900 SF
6/14/2019
1979

$106,356
100-1/1's, 136-2/2's; 26% Down; New Loan: CIT Bank; Last Sale: 10/013 $8,600,000
Ridge View
13225 N. Fountain Hills Blvd., Ftn Hills
150
158,916
$30,300,00
$190.67
1,059 SF
6/14/2019
1998

$202,000
All 2/2's; 45% Down; New Fannie Mae Loan; Last Sale: 04/2016 $18,800,000
Black Farm Condos
330 N. Comanche
Chandler
19 of 54


$1,960,000
6/14/2019
1973

$103,158
Last Sale: 4/13/2018; $1,800,000
 
ANOTHER STRONG WEEK FOR APARTMENTS SALES.  

BROAD MIX OF SALES FROM $65,000/DOOR TO $254,000/DOOR 

BUYERS ARE VERY BULLISH ON OUR MARKET AS 

FUNDAMENTALS HAVE STAYED STRONG AND 

BOTH POPULATION AND BUSINESS GROWTH CONTINUE.

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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