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  August 30, 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
Village @ Rio Salado
442 S. 7th Street
Phoenix
10
5402
$849,000
$157.16
540
8/23/2019
1961

$84,900
6-1/1's, 4-2/1's; Renovated in 2018; 30% Down; New Loan: KS State Bank; Last Sale: 01/2016 $150,000
Orchard
6727 N. 61st Avenue
Glendale
10
7,820
$800,000
$102.30
782 SF
8/23/2019
1966

$80,000
All 2/1's; 30% Down; New Loan: Bank 34; Last Sale: 10/2014 $340,00
The Edge
15202 N. 40th Street
Phoenix
388
262,815


$57,300,000
$218.02
677 SF
8/27/2019
1986

$147,680
220-1/1's, 2168-2/2's; 13% Down; New Loan: Voya Financial; Last Sale: 10/2007 $34,000,000
Sterling 920 Terrace
920 S. Terrace Rd.
Tempe
260
508,665
$115,000,000
$226.08
1,956 SF
8/28/2019
2018

$442,308
22-0/1's, 29-1/1's, 56-2/2's, 153-4/4's; New Loan: Capital One; Also a $39,000,000 Ground lease thru 8/31/2118; No Prior Sale
Tuscany Ridge
8203 W. Oraibi Drive
Peoria
336
311,615
$64,500,000
$206.99
927 SF
8/29/2019
2002

$191,964
160-1/1's, 168-2/2's, 8-3's; 47% Down; New Freddie Mac Loan; Last Sale: 03/2018 $53,760,000
Trillium 44
111 N. Dupont Circle
Phoenix
297
319,103
$56,000,000
$175.49
1,074 SF
8/29/2019
2015

$188,552
40-0/1's, 175-1/1's, 82-2/2's; 45% Down; New Fannie Mae Loan; No Prior Sale
Casa Sol
4032 W. Osborn Rd.
Phoenix
249
178,470
$20,500,000
$115.87
717 SF
8/30/2019
1985

$82,329
1-0/1, 123-1/1's, 73-2/1's, 49-2/2's, 1-3; 20% Down; New Loan: Arbor Com'l.; Last Sale: 11/2012 $6,001,000
Polk Gardens
2148 E. Polk
Phoenix
16
5,918
$2,200,000
$371.75
370 SF
8/30/2019
1953

$137,500
All 1/1's; 18% Down; New Loan: Haymarket Ins. Co.; Last Sale: 10/2014 $450,000
Sonoma Heights
520 N. Mesa Dr.
Mesa
96
96938

$16,000,000
$222.22
750 SF
8/30/2019
1999


$166,667
56-2/1's, 30-3's, 10-4's; 25% Down; New Loan: East West Bank; Last Sale: 09/2014 $6,200,000
Rosewood
5150 W. Eugie Ave.
Glendale
152
100,096
$18,696,000
$186.78
659 SF
8/30/2019
1984

$123,000
96-1/1's, 56-2/2's; 16% Down; New Loan: Prudential Ins. Co.; Last Sale: 12/2004 $6,525,000

2627 N. 27th Street
Phoenix
11
8,960
$1,200,000
$133.93
815 SF
8/30/2019
1999

$109, 091
1-0/1, 1-1/1, 8-2/2's, 1-3/2; Cash Sale; No Prior Sale
 

Eleven Sales.  All over the board.  Unit prices from $442,308 to $80,000. 
From brand new built in 2018 to slightly older built in 1953

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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