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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 1, 2019
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**Resending to correct input error**
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 |
The Enclave
3255 S. Dorsey Lane
Tempe |
201
179,365
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$41,800,000
$233.04
879 SF |
1/28/2019
1994 |
$204,902 |
64-1/1's, 104-2/2's, 36-3's; 39% Down; Freddie Mac Loan; Part of 3 Property Portfolio sale; Last Sale: 03/2013 $24,988,000 |
The Heritage
1100 E. Osborn Rd.
Phoenix |
204
198,916 |
$41,900,000
$210.64
975 SF |
1/28/2019
1995 |
$205,392 |
68-1/1's, 104-2/2's, 32-3's; 41% Down; Freddie Mac Loan; Part of 3 Property Portfolio Sale; Last Sale: 03/2013 $22,108,000 |
Bella Vista
7810 N. 14th Street
Phoenix |
248
300,000 |
$48,600,000
$161.33
1,210 SF |
1/28/2019
1995 |
$195,161 |
72-1/1's, 128-2/2's, 48-3's; 40% Down; New Freddie Mac Loan; Part of 3 Property Portfolio Sale; Last Sale: 02/2013 $30,140,290 |
Coves at Newport
5205 W. Thunderbird
Glendale
|
480
402,811 |
$62,400,000
$154.91
839 SF |
1/28/2019
1987, 1996 |
$130,000 |
224-1/1's, 32-2/1's, 176-2/2's, 48-3's; LURA on 20% of units to 2028;29 % Down; New Freddie Mac Loan; Last Sale: 12/2013 $30,750,000 |
Sienna Court
5701 N. 67th Avenue
Glendale |
98
84,296 |
$6,035,000
$71.59
860 SF |
1/30/2019
1974 |
$61,582 |
31-1/1's, 39-2/1's, 28-3's; M/M; 14% Down; New Loan: Arbor Realty; Last Sale: 12/2015 $3,750,000 |
Twelve on Tenth
646 N. 10th Ave.
Phoenix |
12
6,346 |
$1,522,500
$239,91
529 SF |
1/30/2019
1938 |
$126,875 |
All 1/1's; Renovated; 32% Down; New Freddie Mac Loan; Last Sale: 4/2017 $375,000 |
The Studio on 12th
4130 N. 12th Street
Phoenix |
41
13,886 |
$3,150,000
$226.85
339 SF |
1/31/2019
1973 |
$76,829 |
All Studios; 29% Down; New Freddie Mac Loan; Last Sale: 6/27/2016 $2,080,000 |
Melrose Flats
746 W. Turney Ave.
Phoenix |
12
7,285 |
$1,900,000
$260.81
607 SF |
1/31/2019
1956 |
$158,333 |
10-1/1's, 2-2/2's; Fully Renovated; Cash Sale; Last Sale: 3/31/2014 $1,125,000 |
Village at Sun Valley
7520 E. Billings St.
Mesa |
276
342,294 |
$24,500,000
$71.58
1,240 SF |
1/31/2019
2001 |
$88,768 |
26-1/1's, 224-2/2's, 26-3's; Fully Affordable; 25% Down; New Freddie Mac Loan; No Prior Sale |
Lakeside Drive
500 W. 1st Street
Tempe |
150
137,921 |
44,500,000
$322.65
919 SF |
1/31/2019
2018 |
$296,667 |
81-1/1's, 67-2/2's, 2-3's; 43% Down; New Fannie Mae Loan; No Prior Sale |
Zen on 50
2015 N. 50th Street
Phoenix |
55
61,168 |
16,200,000
$264.84
1,112 SF |
1/31/2019
2018 |
$294,545 |
39-2/2's, 16-3's; 31% Down; New Fannie Mae Loan; No Prior Sale |
Waterside
4233 N. Longview
Phoenix |
12
10,366 |
$1,152,000
$111.13
864 SF |
1/31/2019
1987 |
$96,000 |
All 2/2's; 7% Down; New Loan: FirstBank; Last Sale: 05/2014 $515,000 |
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Okay, the slowness we wondered about must have been a Holiday "thing". Last week was a very strong week for closings. Our market is strong, fundamentals are very good and Buyers are getting better returns here than in most other places!!
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
[email protected]
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