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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
December 14, 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 |
Arbors at 5th
805 W. Brown Street
Tempe |
200
146,520
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$27,500,000
$187.69
733 SF |
12/12/2018
1966 |
$137,500 |
24-0/1's, 36-1/1's, 64-2/1's, 76-2/2's; 11% Down, New Loan: MF1 Capital; Last Sale: 07/2016 $21,300,000 |
5925 E. University Dr.
Mesa |
22 of 55
16,129 |
$1,600,000
$99.20
733 SF |
12/12/2018
1984 |
$72,727 |
Mix Unknown;
29% Down; New Loan: Opus Bank; Last Sale: 08/2002 $1,000,000 |
809 @ The Park
809 E. Vogel Ave.
Phoenix |
26
17,314 |
$1,950,000
$112.63
666 SF |
12/12/2018
1969 |
$75,000 |
10-1/1's, 16-2/1's; Cash Sale; Last Sale: 12/2002 $1,100,000 |
Hayward
2049 W. Hayward
Phoenix |
16
11,302 |
$1,616,000
$142.98
706 SF |
12/12/2018
1985 |
$101,000 |
1-0/1, 14-2/1's, 1-3; 81% Down; New Private Loan; Last Sale: 03/2016 $1,150,000 |
Village at Lakewood
15815 S. Lakewood Pkwy W., Phoenix |
240
212,141 |
$40,300,000
$189.97
884 SF |
12/13/2018
1989 |
$167,917 |
92-1/1's, 120-2/2's, 28-3's; 11% Down; New Loan: IDA Bonds; Last Sale: 03/2013 $25,018,000 |
Fairmount 31
3127 E. Fairmount Ave.
Phoenix |
24
19,200 |
$4,550,000
$236.98
800 SF |
12/14/2018
1963 |
$189,583 |
2-1/1's, 20-2/1's, 2-3's; 30% Down; Newly Renovated; New Freddie Mac Loan; Last Sale: 04/2017 $2,208,000 |
Wilshire Place
6725 N. 25th Drive
Phoenix |
48
32,096 |
$3,700,000
$115.28
669 SF |
12/14/2018
1983 |
$77,083 |
24-1/1's, 24-2/1's; 30% Down; New Freddie Mac Loan; Last Sale: 12/2017 $3,050,000 |
Highland Park
5038 S. Hardy Drive
Tempe |
276
246,891 |
$39,980,000
$161.93
895 SF |
12/14/2018
1981 |
$144,855 |
128-1/1's, 40-2/1's, 88-2/2's, 20-3's; 32% Down; Portfolio Sale; New Freddie Mac Loan; Last Sale: 06/2016 $26,100,000 |
Park View
1235 W. Baseline Road
Tempe |
196
164,557 |
$27,320,000
$166.02
840 SF |
12/14/2018
1983 |
$139,388 |
88-1/1's, 36-2/1's, 60-2/2's, 12-3's; 30% Down; Portfolio Sale; New Freddie Mac Loan; Last Sale: 06/2016 $16,850,000 |
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Looks like 2018 is going to finish strong. Strong week (strong) year for Tempe. Also, we are still seeing lots of interest in properties to renovate. Markets that may have been overlooked are now catching on. We are seeing activity in Sunnyslope and the West Valley. We are looking for a strong 2019.
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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