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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
June 9
, 2017
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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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Villa Nicole
1014 S. Farmer
Tempe |
24
18,024
|
$2,750,000
$152.57
751 SF |
6/6/2017
1971 |
$114,583 |
All 2/1's; 35% Down; New Loan: TruWest Credit Union; Last Sale: 2/6/2004 for $1,459,000 |
Maravilla
13621 W. Glendale
Glendale |
224
212,033
|
$23,000,000
$108.47
947 SF |
6/5/2017
2003 |
$102,679 |
112-2/1's, 112-2/2's; 16% Down; New Loan thru Walker & Dunlop |
Ocotillo Springs
825 W. Queen Creek
Chandler |
272
213,258 |
$40,500,000
$189.91
784 SF |
6/6/2017
1998 |
$148,897 |
76-1/1's, 168-2/2's, 28-3's; 44% Down; Assumed Freddie Mac Loan; Last Sale: 08/2014 for $33,400,000 |
Village at Gateway
1700 N. 103rd Avenue
Avondale |
240
208,243 |
$30,750,000
$147.66
868 SF |
6/9/2017
2004 |
$128,125 |
80-1/1's, 48-2/1's, 80-2/2's, 32-3's; 25% down; New Freddie Mac Loan; Last Sale: 09/2014 for $23,150,000 |
Apache Station
2323 E. Apache Blvd.
Tempe |
400
387,532 |
$59,500,000
$153.54
969 SF |
6/9/2017
2001 |
$148,750 |
192-1/1's, 132-2/2's, 76-3's; 35% Down; New Freddie Mac Loan; Last Sale: 09/2007 for $44,750,000 |
Park 28
4114 N. 28th Street
Phoenix |
152
158,114 |
$29,700,000
$187.84
1040 SF |
6/9/2017
2016 |
$195,395 |
10-0/1's, 84-1/1's, 53-2/2's, 5-3's; 50% Down; New Loan: Hartford Investment |
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WOW! 7 out of 12 sales with unit prices over $100,000. Nice!
Want to know what your property is worth? Call us. 602-759-1204
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Pinchot Towers
3211 E. Pinchot Ave.
Phoenix
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104
58,693
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$4,250,000
$72.41
564 SF
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6/7/2017
1972
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$40,865
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103-1/1;s, 1-2/1; 46% Down; Assumed Fannie Mae Loan;
Last Sale: 08/2010 for $3,100,000
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Clarendon Arms
2503-2549 E. Clarendon
Phoenix
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24
10,123
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$2,125,000
$105.60
838 SF
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6/7/2017
1951, 1960
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$88,541
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Proposed 15 Unit Townhome Project
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La Vita
6730 N. 17th Avenue
Phoenix
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18
18,390
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$1,990,000
$108.21
1,022 SF
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6/7/2017
1969
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$110,556
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1-1/1, 17-2/1's; 45% Down; New Loan: Wash. Fed; Last Sale 12/2015 for $927,000
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Desert Cove Manor
1535 W. Desert Cove
Phoenix
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26
20,608
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$1,850,000
$89.77
793 SF |
6/7/2017
1983
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$71,154 |
All 2/1's, 50% Down; New Loan: AZ. Central Credit Union
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Devonshire Manor
2414 W. Devonshire
Phoenix
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16
10,946
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$1,000,000
$91.36
684 SF
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6/9/2017
1964
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$62,500
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8-1/1's, 8-2/1's; 30% Down; New Loan: US Bank; Last Sale: 09/2016 for $780,000
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Panorama Village
2948-3008 N. 38th St., Phoenix
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12
5,925
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$808,500
$136.46
494 SF
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6/9/2017
1955
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$67,375
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7-0/1's, 4-1/1's, 1-2/1; Cash Sale; Last Sale: 10/2003 for $473,000
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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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