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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
August 10, 2018
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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 |
Sierra Canyon
17500 N. 67th Avenue
Glendale |
236
235,730
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$41,916,619
$177.82
999 SF |
8/6/2018
2001 |
$177,613 |
108-1/1's, 112-2/2's, 16-3's; 39% Down; New Fannie Mae Loan; Last Sale: 07/2012 $22,000,000; Portfolio Sale |
Waterford
14109 N. 83rd Ave.
Peoria
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200
194,193 |
$35,522,559
$182.92
971 SF |
8/6/2018
2008 |
$177,613 |
89-1/1's, 99-2/2's, 12-3's; 36% Down; New Fannie Mae Loan; Last Sale: 07/2012 $22,000,000; Portfolio Sale |
Sierra Foorhills
13601 S. 44th Street
Phoenix |
322
306,300 |
$57,191,319
$186.72
951 SF |
8/6/2018
1999 |
$177,613 |
160-1/1's, 162-2/2's; 39% Down; New Fannie Mae Loan; Last Sale: 07/2012 $27,000,000; Portfolio Sale |
Finisterra
1250 W. Grove Pkwy.
Tempe |
356
329,140 |
$63,230,154
$192.07
925 SF |
8/6/2018
1997 |
$177,613 |
123-1/1's, 156-2/2's, 77-3's; 32% Down; New Fannie Mae Loan; Last Sale 7/1/2012 $35,250,000; Portfolio Sale
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Res. at Stadium Village
16845 N. Stadium Way
Surprise |
382
402,347 |
$67,848,087
$168.63
1,053 SF |
8/6/2018
2009 |
$177,613 |
180-1/1's, 182-2/2's, 20-3's; 34% Down; New Fannie Mae Loan; Last Sale: 07/2012 $45,000,000; Portfolio Sale |
Lumiere Condos
1100 N. Priest Drive
Chandler |
255 of 320 |
$45,301,262 |
8/6/2018
1996, 2007 |
$177,652 |
Mix Unknown; 34% Down; New Fannie Mae Loan; Last Sale: 07/2012 $28,000,000; Portfolio Sale |
Phoenician Townhomes
1633 w. Missouri Ave.
Phoenix |
36 0f 44
34,200 |
$4,057,364
$118.64
950 SF |
7/31/2018
1964 |
$112,705 |
All 2/2's; Buyer had previously purchase 8 and now has all 44; New Loan: Readycap Commercial |
Taylor Place
1425 E. Taylor St.
Phoenix |
16
10,962 |
$1,070,000
$97.61
685 SF |
8/9/3018
1962 |
$66,875 |
All 2/1's; 30% Down; New Loan: Bank of the West; Last Sale: 05/2015 $725,000 |
Tides on Mill
5101 S. Mill Avenue
Tempe |
167
136,254 |
$19,000,000
$139.45
816 SF |
8/10/2018
1972 |
$113,772 |
57-1/1's, 62-2/1's, 48-2/2's; 10% Down; New Loan: Colony Northstat; Last Sale: 01/2013 $9,050,000 |
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Arizona's job growth is expected to outpace the nation over the next several years, and most of the gains will occur in metropolitan Phoenix.
(Report from AZ Office of Economic Opportunity)
Time to purchase that second or larger multi-family property.
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
[email protected]
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