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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 16
, 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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Cambridge Square
6060 W. Royal Palm
Glendale |
156
109,716
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$9,100,000
$82.94
703 SF |
6/12/2017
1984 |
$58,333 |
24-0/1's, 70-1/1's, 48-2/1's, 12-2/2's, 2-3/2's; 25% Down; New Loan: Banner Bank |
498 N. Arizona Ave,
Chandler |
12
7,635 |
$704,900
$92.32
636 SF |
6/9/2017
1948 |
$58,742 |
9-1/1's, 4-2/1's; 23% Down; New Loan: Bank 34; Last Sale:
01/2017 for $489,000 |
Promontory Pointe
888 E. Clinton
Phoenix |
424
429,270 |
$54,400,000
$126.73
1012 SF |
6/13/2017
1984 |
$128,302 |
150-1/1's, 250-2/2's, 24-3's; 30% Down; New Loan: CBRE Capital Markets; Last Sale: 08/2013 for $41,000,000 |
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Nine Sales from $42,332/Unit to $258,993/Unit. Whatever you need, it's out there. Call us. 602-759-1204
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Alta Paradise Ridge
18220 N. 68th St.
Phoenix
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278
314,722
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$72,000,000
$228.77
921 SF
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6/15/2017
2015
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$258,993
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190-1/1's, 80-2/2's, 8-3's; 35% Down; New Fannie Mae Loan; Class A
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Alantra
510 S. Extension
Mesa
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244
235,136
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$20,915,000
$88.95
964 SF
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6/15/2017
1987
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$85,717
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64-1/1's, 180-2/2's; 34% Down; New Freddie Mac Loan; Last Sale: 06/2014 for $18,750,000; Condo Mapped
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La Palmilla
3838 W. Camelback
Phoenix
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267
233,743
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$14,100,000
$60.32
875 SF
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6/15/2017
1972
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$52,809
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92-1/1's, 151-2/2's, 24-3's; Financed W/IDA Bonds and Fannie Mae Loan; Fully Affordable; Lura to 2047
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La Reserve at Forty-Fifth, 2627 N. 45th Ave., Phoenix
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301
273,288
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$12,742,000
$46.62
908 SF |
6/16/2017
1972
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$42,332
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33-1/1's, 130-2/1's, 138-3's; No Down payment; New Loan: Midcap Financial; Partially Affordable
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Pinnacle at Union Hills, 4750 E. Union Hills, Phoenix
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264
304,008 |
$47,500,000
$156.25
1152 SF
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6/16/2017
1997 |
$179,924
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80-1/1's, 136-2/2's, 48-3's;
Cash Sale; Last Sale
07/2014 for $36,250,000
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Villa Del Centro
1609 W. Glendale
Phoenix |
107
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$6,640,523
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6/16/2017
1972 |
$62,061
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38 Units Purchased 03/2017; was a Broken Condo; New Loan: First International B & T
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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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