Senior Apartment Team
Linda Fritz-Salazar
Associate Broker


Call 602 759 1204


Email
Scott Trevey, CCIM
Senior Associate


Call 480 205 0862


Email
Weekly Apartment Closing Update through  January 11, 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
Monterra
1333 N. 24th Street
Phoenix
258
225,452
$37,200,000
$165.00
874 SF
01/09/2019
2000

$144,186
30-0/1's, 117-1/1's, 88-2/2's, 23-3's; 40% Down; New Freddie Mac Loan; Last Sale: 05/2010 $16,650,000
Sonora Vista
9736 E. Balsam Ave,
Mesa
184
281,392
$22,499,999
$79.96
1,529 SF
1/9/2019
2001

$122,283
68-2/2's, 80-3's, 36-4's; New Loan: CIBC Bank for $24MM; No Prior Sale
Maryland Court
80 W. Maryland Ave.
Phoenix
42
34,348
$6,200,000
$180.51
818 SF
1/10/2019
1986

$147,619
16-1/1's, 26-2/2's; 60% Down; New Loan Bank Financial $4,583,534 Includes Reno Money; Last Sale: 12/2004 $3,320,000
Paradise Place
16645 N. 31st Street
Phoenix
57
40,218
$4,500,000
$111.89
706 SF
1/10/2019
1982

$78,947
17-1/1's, 40-2/1's; 30% Down; New Freddie Mac Loan; Last Sale: 08/2016 $3,012500
The Standard
615 S. Hardy Drive
Tempe
228
181,320
$31,300,000
$172.62
795 SF
1/11/2019
1971

$137,281
21-1/1's, 174-2/1's, 33-3's; M/M; 10% Down; New Loan: Colony Capital; Last Sale: 01/2017 $20,700,000
2019  is starting out with several strong, solid sales.  Fundamentals for 
the Phoenix market continue to be strong, giving Buyers confidence in 
adding to their portfolios and entering our market.  

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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