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  May 17, 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
Pasadena Place
5022 N. 17th Avenue
Phoenix
14
8,896
$1,475,000
$165.80
635 SF
5/13/2019
1982

$105,357
8-1/1's, 6-2/1's; 32% Down; New Loan: Opus Bank; Last Sale: 7/21/2017 $1,249,000
Tuscany
4602-4613 N. 74th St.
Scottsdale
12
8,576
$1,750,000
$204.06
715 SF
5/13/2019
1958

$145,833
8-1/1's, 2-2/1's, 2-3's; 3% Down; New Loan: Quanta Finance; Last Sale: 10/2004 $910,000
Core Scottsdale
15333 N. Hayden Road
Scottsdale
282
301,464
$80,400,000
$266.70
1,069 SF
5/14/2019
2017

$285,106
25-0/1's, 153-1/1's, 94-2/2's; 35% Down; New Loan: Western & Southern Life Ins.; No Prior Sale
La Estrella Vista
3065 N. 67th Avenue
Phoenix
96
107,696
$13,375,000
$124.19
1,122
5/16/2019
2008

$139,323
All 3/2's; W/D's' 17% /down; New Loan: C-III Capital; Last Sale: 11/28/2012 $1,500,000
West Town Court
8400 W. Virginia Ave.
Phoenix
274
268,590
$42,000,000
$156.37
980 SF
5/17/2019
2009

$153,285
138-1/1's, 120-2/2's, 16-3's; 29% Down; New Loan: M & T Bank; Last Sale: 9/27/2017 $34,475,000

GOOD SAMPLING OF TODAY'S SALE TYPES. 

Of interest, three Sellers are from CA, one from TX and one from AZ.  There were two Buyers from Seattle, two from CA and one from Toronto



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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