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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 3, 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 Verde Villas
10525 W. Monterosa
Phoenix |
58
60,565 |
$6,250,000
$103.19
1,044 SF |
7/30/2018
1999 |
$100,806 |
47-2/2's, 11-3's; 31% Down; New Loan: Opus Bank; Last Sale: 02/2013 $3,200,000 |
Serrano Gardens
1915 E. Broadway Rd.
Mesa |
97
69,280 |
$8,825,000
$127.38
714 SF |
7/30/2018
1973 |
$90,979 |
16-1/1's, 80-2/1's, 1-3; 23% Down; New Loan: Pinnacle Bank; Last Sale: 09/2016 $6,430,000 |
Earll East
3219 E. Earll Drive
Phoenix |
10
7,720 |
$980,000
$126.94
772 SF |
7/30/2018
1968 |
$98,000 |
2-1/1's, 8-2/1's; 20% Down; New Loan: UMB BanlLast Sale: 05/2003 $480,000 |
Keswick
1623 W. Denton
Phoenix |
28
24,198 |
$2,400,000
$99.18
864 SF |
7/31/2018
1979 |
$85,714 |
4-1/1's, 24-2/1's; 3% Down; New Loan: First Int'l Bank & Trust; Last Sale: 7/14/2017 $1,700,000 |
Campbell
2417 E. Campbell Ave.
Phoenix |
24
15,252 |
$3,150,000
$206.53
636 SF |
8/1/2018
1960 |
$131,250 |
2-0/1's, 14-1/1's, 8-2/1's; 37 $ Down; New Loan: Homestreet Bank; Last Sale: 12/2015 $1,825,000 |
Rancho Murietta
1717 S. Dorsey Lane
Tempe |
292
255,595
|
$41,600,000
$162.76
875 SF |
8/1/2018
1983 |
$142,466 |
128-1/1's, 60-2/1's, 84-2/2's, 20-3's; 28% Down; New Freddie Mac Loan; Last Sale: 10/2000 $17,075,000 |
Glen at Mesa
1233 N. Mesa Drive
Mesa |
406
536,470 |
$55,300,000
$103.08
1,321 SF |
8/1/2018
1984 |
$136,207 |
All 2/2's; 30% Down; New Freddie Mac Loan; Last Sale: 07/2000 $24,700,000 |
Del Coronado
843 S. Longmore St.
Mesa |
419
395,847 |
$56,600,000
$142.98
945 SF |
8/1/2018
1983 |
$135,084 |
161-1/1's, 258-2/2's; 28% Down; New Freddie Mac Loan; Last Sale: 10/2000 $23,575,000 |
23rd Ave. Apts.
6201 N. 23rd Ave.
Phoenix |
10
5,918
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$795,000
$134.34
538 SF |
8/2/2018
1954 |
$72,273 |
9-1/1's, 1-2/1'(House); 15% Down; Private Loan: Active Funding; Last Sale: 08/2013 $300,000 |
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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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