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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
July 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 |
Palm at Glendale
6112 N. 67th Avenue
Glendale |
160
133,316
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$13,200,000
$99.01
833 SF |
7/16/2018
1973 |
$82,500 |
80-1/1's, 80-2/1's; 33% Down; New Freddie Mac Loan; Last Sale: 03/1993 |
Camelot
1022 E. Narramore Ave
Buckeye |
80
60,196 |
$6,250,000
$103.83
752 SF |
7/16/2018
1983 |
$78,125 |
40-1/1's, 40-2/2's; Condo-Mapped; 30% Down; New Loan: Wells Fargo; Last Sale: 12/1999 $2,500,000 |
Palo Verde
6565 N. 17th Avenue
Phoenix |
16
14,208 |
$1,520,000
$106.98
888 SF |
7/18/2018
1973 |
$95,000 |
All 2/1's; 34% Down; New Loan: Banner Bank; Last Sale: 03/2004 $730,000 |
Metropointe
7017 S. Priest Drive
Tempe |
408
383,777 |
$76,000,000
$198.03
941 SF |
7/19/2018
2007 |
$186,275 |
228-1/1's, 144-2/2's, 36-3's; 23% Down; New Loan: Deutsche Bank; Last Sale: 03/2012 $44,250,000 |
Velaire at Aspera
7700 W. Aspera Blvd.
Glendale |
286
272,712 |
$64,350,000
$229.53
980 SF |
7/19/2018
2016 |
$225,000 |
120-1/1's, 134-2/1.75, 32-3/1.75; Cash Sale; No Prior Sale |
Venture on Wilson
626 S. Wilson
Tempe |
12
6,978 |
$1,200,000
$171.97
582 SF |
7/20/2018
1960 |
$100,000 |
10-1/1's, 2-2/1's; 17% Down; New Loan: Venture INCA LLC; Last Sale: 07/2014 $720,000 |
Lexington
45 E. Lexington Ave.
Phoenix |
23
13,275 |
$2,200,000
$165.73
577 SF |
7/20/2018
1963 |
$95,652 |
15-0/1's, 8-1/1's; 24% Down; New Loan: FirstBank; Last Sale: 04/2015 $1,875,000 |
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Multifamily Investment in Phoenix has never been hotter.
(Costar article posted on July 22,2018
Any questions??? Call Me.
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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
Jim@KLCommGroup.com
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