Senior Apartment Team
Linda Fritz-Salazar
Associate Broker


Call 602 759 1204


Email
Scott Trevey, CCIM
Senior Associate


Call 480 205 0862


Email
Weekly Apartment Closing Update through  December 21, 2018



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
Apartments at 13th Place
4318 N. 13th Place
Phoenix
16
15,384
$1,544,000
$100.36
962 SF
12/17/2018
1985

$96,500
8-2/1.5'S, 8-2/2'S; New Loan: FirstBank for $1,561,000; Last Sale: 09/2010; Price Unknown
Avana McCormick Ranch, 8375 E. Via De Ventura, Scottsdale 328
232,288
$63,500,000
$273.37
708 SF
12/20/2018
1985

$193,598
6-0/1's, 183-1/1's, 27-2/1's, 106-2/2's, 4-3's, 2-4's; 
30% Down; New Freddie Mac Loan; Last Sale: 12/10/2015 $42,983,000
San Melia
14435 S. 48th Street
Phoenix
488
488,104
$105,300,000
$215.73
1,000 SF
12/21/2018
1998

$215,779
176-1/1's, 24-=2/2's, 72-3's; Cash Sale; Last Sale: 12/2015 $84,000,000
Villa Angela
1727 W. Cholla St.
Phoenix
32
25,600
$2,500,000
$97.66
800 SF
12/21/2018
1986

$78,125
All 2/1's; 0 Down;; New Loan: BMO Harris Bank; Last Sale: 12/2013 $935,000
Town & Country Lodge
1425 E. Ocotillo
Phoenix
16
12,859
$2,200,000
$171.09
804 SF
12/21/2018
1949

$137,500
Mix Unknown; 19% Down; New Loan for $3,576,000 from Parkway Bank & Trust; Last Sale: 10/2015 $1,600,000
Breckenridge
17625 N. 7th Street
Phoenix
308
318,120
$32,800,000
$103.11
1,033 SF
12/21/2018
1984

$137,500
56-1/1's, 184-2/2's, 80-3's; 27% Down; New Loan: NXT Capital
Highland Arms
1340 E. Highland
Phoenix
24
14,280
$2,450,000
$171.57
595 SF
12/21/2018
1978

$102,083
1-0/1, 19-1/1's, 4-2/1's; 22% Down; New Loan: Mutual of Omaha Bank; Last Sale: 05/2007 $1,375,000
Solstice at Arcadia
5401 E. Thomas
Phoenix
181
164,872
$26,600,000
$161.34
911 sf
12/21/2018
1980

$146,961
61-1/1'S, 120-2/2'S; M/M; 14% Down; New Loan: Colony Capital; Last Sale: 04/2017 $12,150,000
Good mix of large and small properties this week.  Only two properties with units selling for less than $100,000/door.  Market is solid.  Happy New Year to Everyone.  2019 will be a good one!

Data Source: CoStar, BREW, Vizzda plus personal information

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.

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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