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  January 25, 2019





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
Rezide Uptown
1420 E. Bethany Home
Phoenix
35
31,500
$6,950,000
$220.63
900 SF
01/23/2019
1979

$198,571
All 2/2's; Renovated 2015/2016; Cash Sale; Last Sale: 5/25/2016 $6,299,000
Green Leaf on Bell fka:
Trellis; 1100 E. Bell Rd.
Phoenix
306
336,529

$61,650,000
$183.19
1100 SF
01/23/2019
2018

$201,471
144-1/1's, 126-2/2's, 36-3/2's; 30% Down; New Freddie Mac Loan; No Prior Sale.
Camel Square
5624-5646 N. 6th St.
Phoenix

18
15,192
$2,400,000
$157.98
844 SF
01/23/2019
1949

$133,333
11-1/1's, 5-2/1's, 2-3's; 9% Down; New Loan: Bank 34; Last Sale: 09/2002 $817,000
3030 North
3030 N. 7th Street
Phoenix
219
149,151
$26,500,000
$177.67
681 SF
01/25/2019
1949, 1952

$121,005
36-0/1's, 116-1/1's, 56-2/1' 11-3's; M/M; New Loan - Amount Unknown; Last Sale: 05/2017 $19,000,000
We are sensing a slowing in closings.  This may be due to the Holidays.   We will watch 
this closely as there are still an abundance of Buyers  and fundamentals  continue 
to be strong.  All four sales this week with unit prices  over $100,000/door.

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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