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 2, 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
Covington Park
2902 W. Sweetwater
Phoenix
520
469,323
$77,260,000
$164,62
903 SF
7/30/2019
2000

$148,577
198-1/1's, 274-2/2's, 48-3's; 30% Down; New Freddie Mac Loan; Last Sale: 06/2012 $40,720,000
Verde Vista
3030 N. 35th Avenue
Phoenix
181
74,544
$10,600,000
$142.20
412 SF
7/31/2019
1978

$58,564
80-0/1's, 93-1/1's, 8-2/1's; M/M; 34% Down; New Loan: Hunt Mortgage Group; Last Sale: 10/2016 $6,600,000
Salado Springs
242 S. Beck Avenue
Tempe
144
132,990
$30,200,000
$227.08
924 SF
7/31/2019
1986

$209,722
32-1/1's, 112-2/2's; 66% Down; New Loan: Lincoln Nat'l Life; Last Sale: 12/1/2016 $20,200,000
San Valiente
2220 W. Mission Lane
Phoenix
604
584,676
$100,000,000
$171.03
968 SF
7/31/2019
1997

$165,563
192-1/1's, 332-2/2's, 80-3's; 27% Down; Assumed Freddie Mac Loan; Last Sale: 07/2016 $71,300,000
Capri
6847 E. 4th Street
Scottsdale
13
8,213

$2,600,000
$316.57
632 SF
7/31/2019
1959 - 1979

$200,000
Mix Unknown; 20% Down; New Loan: KS State Bank; Last Sale Info Unknown
Longview Heights
4145 N. Longview Dr.
Phoenix
18
14,708
$2,030,000
$138.02
817 SF
8/1/2019
1987


$112,778
8-2/1's, 10-2/2's; 25% Down; New Loan: Fidelity Bancorp; Last Sale: 3/30/2016 $1,100,000
Majestic Palms
1920 N. 32nd Street
Phoenix
24
14,140

$1,940,000
$137.20
589 SF
8/2/2019
1981

$80,833
20-1/1's, 4-2/1's; 32% Down; New Loan: Readycap Com'l.; Last Sale: 04/2016 $1,600,000
 

LOTS OF CALIFORNIA BUYERS AND SELLERS.  OF THE 14 PARTIES INVOLVED, 
10 ARE FROM CALIFORNIA.  IN TALKING WITH BUYERS, THERE IS CONTINUED 
STRONG  BELIEF IN THE PHOENIX 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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