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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 23
, 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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Scottsdale Park Suites
1251 N. Miller Rd.
Scottsdale |
95
50,589
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$9,959,000
$196.68
533 SF |
6/19/2017
1979 |
$104,737 |
2-0/1's, 93-1/1's; Cash Sale |
1221 Broadway
fka: Aura on Broadway
1221 E. Broadway
Tempe |
194
187,016
|
$41,810,000
$223.56
964 SF |
6/19/2017
2016 |
$215,515 |
86-1/1's, 60-2/2's, 48-3's; 35% Down; New Freddie Mac Loan; No Prior Sale |
Palm Terrace
1133 W. 5th Street
Tempe |
44
39,380 |
$7,500,000
$190.45
895 SF |
6/20/2017
1973 |
$170,454
|
All 2/2's; Renovated in 2015; 39% Down; New Loan: Opus Bank; Last Sale: 10/2016 for $7,150,000 |
Shadow Palms
6320 N. 63rd Ave.
Glendale |
56
39,200 |
$3,000,000
$76.53
700 SF |
6/20/2017
1963 |
$53,571 |
28-1/1's, 28-2/1's; 28% Down; New Loan: Opus Bank; Last Sale: 09/2014 for $1,760,000 |
Arbor
1548 W. University
Tempe |
26
20,403 |
$2,600,000
$127.43
785 SF |
6/20/2017
1964 |
$100,000 |
4-1/1's, 22-2/1's; 40% Down; New Loan: Opus Bank; Last Sale: 12/2013 for $1,220,000 |
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Ten Sales From 26 Units to 472 Units; From $76.52/SF to $223.56/SF
All but One are in Scottsdale, Tempe or The East Valley.
WANT TO KNOW WHAT YOUR PROPERTY IS WORTH? CALL US.
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Arcadia Cove
2252 N. 44th Street
Phoenix
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432
374,124
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$71,500,000
$191.11
881 SF
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6/21/2017
1996
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$165,509
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204-1/1's, 60-2/1's, 144-2/2's, 24-3's; 31$ Down, New Loan: Holliday Fenoglio Fowler; Last Sale: 06/2013 for $40,725,000
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Chuparosas
2222 S. Dobson Road
Chandler
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258
257,014
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$43,500,000
$169.25
996 SF
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6/22/2017
2007
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$168,605
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110-1/1's, 132-2/2's, 16-3's; 40% Down; New Fannie Mae Loan; No Prior Sales
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Estancia
3620 N. Miller Rd.
Scottsdale
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62
39,615
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$6,900,000
$174.18
639 SF
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6/22/2017
1968
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$111,290 |
30-0/1's, 8-1/1's, 24-2/1's; 23% Down; New Loan: Bankcorp Bank; Last Sale: 12/2015 for $5,900,000 |
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Midtown on Main Street, 2121 W. Main
Mesa
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472
397,278
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$47,200,000
$118.81
842 SF
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6/23/2017
1985
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$100,000
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186-1/1's, 286-2/2's; 31% Down; New Freddie Mac Loan; Last Sale: 01/2015 for $34,950,000
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Verde Dimora
2217 N. Power Road
Mesa
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153
128,723
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$22,250,000
$172.85
841 SF |
6/23/2017
2016
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$145,425 |
80-1/1's, 73-2/2's; 20% Down; New Loan: NXT Capital; No Prior Sale
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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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