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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
September 28, 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 |
Tides Lakeside
fka: Nines
999 E. Baseline Rd.
Tempe |
244
232,406
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$38,500,000
$165.67
952 SF |
9/24/2018
1974 |
$157,787 |
20-0/1's, 60-1/1's, 44-2/1's, 108-2/2's, 12-3's; 42% Down; Assumed Freddie Mac; Last Sale: 05/2016 $25,130,000 |
Northview Manor
7732 N. 27th Ave.
Phoenix |
14
13,584 |
$1,800,000
$132.51
970 SF |
9/26/2018
1959, 1975 |
$128,571 |
12-2.1's, 1-2/2, 1-3; 40% Down; New Loan: Wash. Fed.; Last Sale: 01/2017 $955,000 |
San Portella
2155 S. 55th Street
Tempe |
308
358,819 |
$64,800,000
$180.59
1165 SF |
9/27/2018
2008 |
$210,390 |
104-1/1's, 164-2/2's, 40-3's; New Loan from US Bank for $108,000,000; Last Sale: 02/2012 $45,100,000 |
La Monte
4207-4213 N. 9th St.
Phoenix |
18
11,662 |
$1,570,000
$134.63
648 SF |
9/27/2018
1950, 1965 |
$87,222 |
3-0/1's, 11-1/1's, 3-2/1's, 1-3; 34% Down; New Loan: Opus Bank; Last Sale: 12/2014 $1,075,000 |
3144 N. 66th St.
Scottsdale |
12
6,672
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$1,675,000
$251.05
556 SF |
9/28/2018
1958 |
$139,583 |
Mix Unknown; 46% Down; New Loan: AmeriFirst; Last Sale: 01/2018 $1,000,000 |
Shadow Rose
6231 N. 67th Ave.
Glendale |
148
136,738 |
$14,717,500
$107.63
805 SF |
9/28/2018
1985 |
$99,443 |
72-1/1's, 76-2/2's; 33% Down; New Fannie Mae Loan; Last Sale: 03/2016 $8,000,000 |
1707 W. Vogel
Phoenix |
16
9,200 |
$912,000
$99.13
575 SF |
9/28/2018
1981 |
$57,000 |
8-1/1's, 8-2/1's; 25% Down; New Loan: Bank Financial; Last Sale: 10/2016 $655,000 |
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Interest rates were increased last week by .25%.
We are seeing a slight uptick in multifamily rates already. Want to discuss? Call us.
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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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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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