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  July 21 , 2017


Property Name 
Address, City
Units Size 
(SF)
  
Sales Price
Price/SF
Ave. Unit
Size
Sale Date
 Year Built 
Price/
Unit
Comments 
Northern Palms
2835 W. Northern
Phoenix
49
29,708
$3,125,000
$105.19
606 SF
7/18/2017
1954

$63,776
48-1/1's, 1-3; 23% Down; New Freddie Mac Loan; Last Sale: 09/2015 for $1,720,000
Dolce Villagio
202 S. Hardy
Tempe
37
50,498
$10,000,000
$198.03
1365 SF
7/18/2017
2007

$270,270
19-2/2's, 18-3's; Condo-Mapped; Cash Sale; Last Sale: 01/2015 for $7,000,000
Broadway Terrace
12815 N. 28th Drive
Phoenix

101
79,188
$7,657,000
$96.69
784 SF
7/19/2017
1984

$75,812
All 1/1's; 100% Loan from Red Capital and loan from IDA for $8.7M; Age Restricted, Affordable; Owner - Non-Profit
Ovation at Tempe
4505 S. Hardy Drive
Tempe
270
244,735
$36,000,000
$147.10
906 SF
7/19/2017
1984

$133,333
64-1/1's, 206-2/2's; 25% Down; New Freddie Mac Loan; Last Sale: 08/2014 for $25,850,000

 
12 SALES - SIX OVER 100 UNITS, SIX UNDER 100 UNITS

WANT TO KNOW WHAT YOUR PROPERTY IS WORTH? CALL US.
WE ARE HAPPY TO PROVIDE A COMPLIMENTARY BROKER OPINION
OF VALUE ON YOUR PROPERTY.
 
Youngtown House
11141 W. Arizona Ave.
Youngtown
64
35,340
$2,900,000
$82.06
552 SF
7/19/2017
1963

$45,313
16-0/1's, 48-1/1's; 34% Down; New Loan: Wash Fed.; Last Sale: 12/1998 for $1,245,000
Off Broadway
546 S. Country Club
Mesa
320
277,001
$28,500,000
$102.89
866 SF
7/20/2017
1986

$89,063

92-1/1's, 228-2/2's; 12% Down; New Freddie Mac Loan; Last Sale: 12/2006 for $18,503,388; 1 of 3
Stillwater
7711 N. 59th Ave.
Glendale
516
270,380
$36,000,000
$133.15
524 SF

7/20/2017
1986

$69,767
120-0/1's, 344-1/1's, 52-2/1's; 13% Down; New Freddie Mac Loan; Last Sale: 12/2006;
2 of 3
Canyon Creek Village
17617 N. 9th St.
Phoenix
440
376,312
$33,000,000
$87.69
855 SF
7/20/2017
1985

$75,000
192-11/1's, 108-2/1's, 116-2/2's, 24-3's; 13% Down; New Freddie Mac Loan; Last Sale: 12/2001 for $23,230,000;
 3 of 3
Tela Verde
5020 W. T-Bird
Glendale
196
166,936
$19,150,000
$114.71
852 SF
7/20/2017
1979

$97,704

76-1/1's, 120-2/2's; 25% Down; New Fannie Mae Loan; Last Sale: 07/2014 for $10,428,354
Valencia
550 W. Maryland
Phoenix
36
49,884
$8,250,000
$165.38
1,386 SF
7/21/2017
2007

$229,167
All 2/2's; 20% Down; New Loan: Latitude Mgmnt.; Last Sale: 06/2015 for $6,590,000
Pasadena Palms
5022 N. 17th Ave.
Phoenix
14
8,896
$1,249,000
$140.40
635 SF
7/21/2017
1982

$89,214
8-1/1's, 6-2/1's; 36% Down; New Loan: Banner Bank; Last Sale: 10/2016 for $1,025,000
Evergreen Acres
106-128 W. 9th Place
mesa
25
17,997
$1,925,000
$106.96
718 SF
7/21/2017
1980

$77,000

3-1/1's, 21-2/2's, 1-3; 26% Down; New Loan: Homestreet Bank; Last Sale: 11/2004 for $1,400,000

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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