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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
April 20, 2
018
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Property Name
Address
City |
No Units
SF |
Sales Price
Price/SF
Unit SF Ave. |
Sale Date
Year Built |
Unit
Price |
Unit Mix, % Down Payment, Lender; Previous Sale Date and Amount |
Tides at Arcadia
4025 N. 40th Street
Phoenix |
49
24,997 |
$6,300,000
$252.03
297 SF |
4/12/2018
1966 |
$128,571 |
All 1/1's; M/M; 36% Down; M/M; New Loan: Sacramento Bank; Last Sale: 09/2016 $1,893,878 |
Met at Fashion Center
1 N. Hearthstone Way
Chandler |
303
329,605
|
$64,800,000
$196.60
1,088 SF |
4/16/2018
2015 |
$213,861 |
172-1/1's, 131-2/2's; 39% Down; Assumed Fannie Mae Debt; No previous Sale |
Escape
4700 N. 16th Street
Phoenix |
244
217,562 |
$58,350,000
$200.21
892 SF |
4/16/2018
2014 |
$239,139 |
152-1/1, 92-2/2's; 30% Down; New Loan: Chase Bank; No Prior Sale |
4248 N. 12th Street
Phoenix |
10
6,342 |
$759,500
$119.76'
634 SF |
4/17/2018
1947 |
$75,950 |
7-1/1's, 2-2/1's, 1-3/2; 43% Down; New Private Loan; Last Sale: 09/2016 $553,367 |
Casa Sunrise
3002 N. 40th Street
Phoenix |
14
8,420 |
$1,430,000
$169.83
601 SF |
4/17/2018
1950, 1972 |
$102,143 |
5-1/1's, 2-2/1's, 7-2/2's; 35% Down; New Loan: MidFirst Bank; Last Sale: 12/2017 $854,000 |
Bakers
3008 N. 39th Street
Phoenix |
14
9,800 |
$1,430,000
$145.92
700 SF |
4/17/2018
1950 |
$102,143 |
All 1/1's; 35% Down; New Loan: MidFirst; Last Sale: 05/1996 $290,000 |
15825 N. 25TH Street
Phoenix |
10
6,672 |
$610,000
$91.43
667 sf |
4/18/2018
1950,1984 |
$61,000 |
All 2/1's; 34% Down; Private Loan |
Hazelwood
645 W. Hazelwood
Phoenix |
15
10,096 |
$1,536,888
$152.23
673 SF |
4/20/2018
1959 |
$102,459 |
13-1/1's, 2-2/1's; 46% Down; Some Renovation; New Loan: Wash Fed.; Last Sale 06/2014 $735,888 |
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Both new, large multi-family properties and older, smaller, value-add properties are showing strong sales.
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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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