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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
January 11, 2019
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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 |
Monterra
1333 N. 24th Street
Phoenix |
258
225,452
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$37,200,000
$165.00
874 SF |
01/09/2019
2000 |
$144,186 |
30-0/1's, 117-1/1's, 88-2/2's, 23-3's; 40% Down; New Freddie Mac Loan; Last Sale: 05/2010 $16,650,000 |
Sonora Vista
9736 E. Balsam Ave,
Mesa |
184
281,392 |
$22,499,999
$79.96
1,529 SF |
1/9/2019
2001 |
$122,283 |
68-2/2's, 80-3's, 36-4's; New Loan: CIBC Bank for $24MM; No Prior Sale |
Maryland Court
80 W. Maryland Ave.
Phoenix |
42
34,348 |
$6,200,000
$180.51
818 SF |
1/10/2019
1986 |
$147,619 |
16-1/1's, 26-2/2's; 60% Down; New Loan Bank Financial $4,583,534 Includes Reno Money; Last Sale: 12/2004 $3,320,000 |
Paradise Place
16645 N. 31st Street
Phoenix |
57
40,218 |
$4,500,000
$111.89
706 SF |
1/10/2019
1982 |
$78,947 |
17-1/1's, 40-2/1's; 30% Down; New Freddie Mac Loan; Last Sale: 08/2016 $3,012500 |
The Standard
615 S. Hardy Drive
Tempe |
228
181,320 |
$31,300,000
$172.62
795 SF |
1/11/2019
1971 |
$137,281 |
21-1/1's, 174-2/1's, 33-3's; M/M; 10% Down; New Loan: Colony Capital; Last Sale: 01/2017 $20,700,000 |
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2019
is starting out with several strong, solid sales. Fundamentals for
the Phoenix market continue to be strong, giving Buyers confidence in
adding to their portfolios and entering our market.
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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| Click Here for Interactive Map |
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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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