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Linda Fritz-Salazar
Associate Broker
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Scott Trevey, CCIM
Senior Associate
Call 480 205 0862
Email
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Weekly Apartment Closing Update through
February 2, 2
018
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Property Name
Address, City
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Units Size
(SF)
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Sales Price
Price/SF
Ave. Unit
Size |
Sale Date
Year Built |
Price/
Unit |
Comments
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Optima Sonoran Village
6895 E. Camelback
Scottsdale |
592
532,758
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$210,395,000
$394.92
900 SF |
1/30/2018
2013 |
$355,397 |
54-0/1's, 275-1/1's, 221-2/2's, 42-3's; Main Principal in New Entity; New Loan for $100M from N/Western Life Ins. |
Mission Palms
6131 N. 16th Street
Phoenix |
125
104,061 |
$16,000,000
$153.76
832 SF |
1/31/2018
1975 |
$128,000 |
50-1/1's, 75-2/2's; 25% Down; New Loan: FirstBank; Last Sale: 04/2011 $6,250,000 |
Ranch at Midtown
110 - 122 W. Maryland
Phoenix |
32
27,744 |
$3,770,000
$135.89
867 SF |
1/31/2018
1957 |
$117,813 |
20-1/1's, 12-2/2's; 46% Down; New Loan: Opus Bank; Last Sale: 05/2014 $2,560,000 |
Casa West
4029 W. McDowell
Phoenix |
32
24,799 |
2,892,137
$116.62
775 SF |
1/31/2018
1968 |
$90,379 |
1-1/1, 31-2/1's; Cash Sale; Last Sale: 5/5/2016 $700,000; Same Day Flip |
Casa West
4029 W. McDowell
Phoenix |
32
24,799 |
$3,450,000
$139.12
766 SF |
1/31/2018
1968 |
$107,813 |
Cash Sale - See Above |
Mode at 10th Street
4140 N. 10th Street
Phoenix |
10
7,272 |
$1,341,840
$184.52
727 SF |
1/31/2018
1963 |
$134,184 |
All 1/1's; Renovated in 2017; New Fannie Mae Loan; Last Sale: 09/2016 $425,000 |
Cielo
8222 N. 19th Avenue
Phoenix |
360
213,528 |
$27,220,000
$127.48
593 SF |
1/31/2018
1980 |
$75,611 |
108-0/1's, 184-1/1's, 12-2/1's, 56-2/2's' |
Twillingate
7141 N. 19th Ave.
Phoenix |
52
40,400 |
$4,220,000
$104.46
777 SF |
1/31/2018
1973, 1978 |
$81,154 |
32-1/1's, 20-2/1's; 36 of 52 Units M/M; 35% Down; New Loan: Latitude Mgmnt. R.E. Inv.; Last Sale: 6/2016 $3,200,000 |
Villa Ventura
7125 N. 19th Ave.
Phoenix |
50
45,500 |
$4,500,000
$98.90
910 SF |
1/31/2018
1970 |
$90,000 |
All 2/1's; 33% Down; New Loan Latitude Mgmnt. R. e. Inv; Last Sale: 08/2015 $3,197,500 |
Tempe North
1855 E. Don Carlos Ave., Tempe
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56
42,900 |
$7,000,000
$163.17
766 SF |
2/1/2018
1987 |
$125,000 |
52-2/1's, 4-3/1.5's; 31% Down; New Loan: Opus Bank; Last Sale: 09/2015 $4,185,000 |
Maryland Palms
2507 W. Maryland
Phoenix |
22
14,838 |
$1,125,000
$75.82
674 SF |
2/2/2018
1966 |
$51,136 |
1-0/1, 19-1/1's; Cash Sale; Last Sale: 1/2003 $885,000; Same Day Flip |
Maryland Palms
2507 W. Maryland
Phoenix |
22
14,838 |
$1,463,000
$95.60 |
2/2/2018
1966 |
$66,500 |
18% Down; Private Lender; See above; |
2928 W. Orangewood
Phoenix |
11
9,145 |
$620,000
$67.80 |
2/2/2018
1940,
1965 |
$56,364 |
Mix Unknown; 20% Down; New Loan: Active Funding; Last Sale: 05/2017 $312,225 |
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LOTS OF CLOSINGS AT MONTH END. FROM A HIGH AT OPTIMA AT $395/SF TO A WEEKLY LOW ON WEST ORANGEWOOD AT $68/SF.
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Data Source: CoStar, BREW, Vizzda plus personal information
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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.
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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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