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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
October 19, 2018
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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 |
El Dorado
6825 N. 4th Street
Scottsdale |
33
29,096 |
$5,780,000
$198.65
882 SF |
10/16/2018
1960 |
$175,152 |
1-0/1, 9-1/1's, 21-2/2's; M/M; 22% Down; Private Loan; Last Sale: 12/2015 $6,050,000 |
Indigo Springs
1464 S. Stapley Dr.
Mesa |
240
216,242
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$41,685,000
$192.77
901 SF |
10/17/2018
1999 |
$173,688 |
90-1/1's, 120-2/2's, 30-3's; Cash Sale; Last Sale: 08/2006 $25,500,000 |
Garden
4116-4125 N. 21st St.
Phoenix |
10
7,524 |
$1,880,000
$249.87
752 SF |
10/19/2018
1947, 1964 |
$188,000 |
5-1/1's, 4-2/1's 1-3; 28% Down; New Loan: Opus Bank; Last Sale: 3/30/2017 $1,540,000 |
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The last three weeks we've seen a drop in apartment closings with only four closings for the week ending 10/5, four, again, for the week ending 10/12 and only three for this past week. We do not believe this is any dramatic sign in sales slowing; but we will watch this closely and keep you posted.
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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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| 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
Jim@KLCommGroup.com
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