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Linda Fritz-Salazar
Associate Broker
Senior Partner
Call 602.989.9487
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Jon Coffen
Senior Partner
Call 602.653.3600
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Weekly Apartment Closing Update through
May 31, 2019
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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 |
Plaza Osborn 6557 E. Osborn Scottsdale |
16 9,781 |
$2,800,000 $286.27 611 SF |
5/24/2019 1960 |
$175,000 |
3-0/1's, 11-1/1's, 2-2/1's; 41% Down; New Loan: US Bank; Last Sale: 08/2010 $460,000
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Sir John's 3141 N. 37th Street Phoenix |
14 11,340 |
$2,700,000 $238.10 810 SF |
5/28/2019 1967 |
$192,857 |
All 2/1's; 38% Down; New Loan: Homestreet; Last Sale: 08/2017 $1,484,000 |
Sunny Brook 138 w. 1st Street Mesa |
103 70,404 |
$10,800,000 $153.40 684 SF |
5/29/2019 1969, 1980 |
$104,854 |
10-0/1's, 7-1/1's, 20-2/1's; 11% Down; New Loan: Bridge Inv. Group; Last Sale: 07/2008 $5,225,000 |
Uptown 68 301-337 W. Pasadena Phoenix |
68 55,306 |
$9,000,000 $162.73 813 SF |
5/29/2019 1958 |
$132,353 |
3-0/1's, 27-1/1's, 28-2/1's, 10-2/2's; 55$ Down; New Loan: New York Community; Last Sale: 9/1/2016 $5,306,400 |
Marq at 1st 625 W. 1st Street Mesa |
164 100,034
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$24,000,000 $239.92 610 SF |
5/29/2019 1985 |
$146,341 |
40-0/1's,18-1/1's, 106-2/2's; 11% Down; New Loan: NXT Capital; Last Sale: 9/30/2016 $17,000,000 |
La Costa at Dobson Ranch, 1820 W. Lindner Mesa |
194 202,342 |
$33,750,000 $166.80 1,043 SF |
5/30/2019 1979 |
$173,969 |
All 2/2's; 34% Down; New Freddie Mac Loan; Last Sale: 03/2016 $19,500,000 |
400 W. Pasadena Phoenix |
28 20,024 |
$4,250,000 $212.25 715 SF |
5/30/2019 1959 |
$151,786 |
8-0/1's, 14-1/1's; Renovated; 30% /down; New Loan: FirstBank; Last Sale: 12/2017 $2,340,000 |
Arroyo Villas At Maryland Lake 4748 W Sierra Vista Dr Glendale |
196 153,742 |
$22,500,000 $146.35 785 SF |
5/31/2019 1984 |
$114,796 |
76-1/1's, 120-2/2's 26% Down New Loan: CIT Bank Last Sale: Aug 2018 17,640,000 |
Little Cottonwoods Apartments 1820 E Bell De Mar Dr Tempe
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379 420,008
|
$73,700,000 $175.47 1029 |
5/31/19 1984 |
$194,459
|
51-1/1's, 32-2/1's, 260-2/2's, 36-3/2's, 33% Down, New Loan: Fannie Mae w/CBRE Capital, Last Sold: May 2016 $56,700,000 |
Sunshine Apartments 2737 E Glenrosa Ave Phoenix
|
20 10,332 |
2,100,000 $203.25 516 SF |
5/31/19 1958 |
$105,000 |
Last Sale: Feb 2016 From 5 property portfolio |
Cosmo Apartments 6542 N 17th Ave Phoenix
|
16 16,496
|
$2,300,000 $139.43 1000 SF
|
5/31/19 1964 |
$143,750
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2-1/1's, 2-2/1'sBds, 2-3's 28% Down, New Loan: Freddie Mac-CBRE Capital, Last Sold: Sept 2017, 1,250,000 |
Regents Park Apts 1617 E Apache Blvd | Tempe
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62 28,476
|
$5,725,000 $201.05 459 SF |
5/31/19 1968 |
$92,338
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20-0/1's, 42-1/1's 30% Down, New Loan: FirstBank Last Sold: 11/1991 $710,000 |
Level on 17th 6725 N 17th Ave Phoenix
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29 27,283
|
$4,150,000 $152.11 940 SF |
5/31/19 1971 |
$143,103
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1-1/1, 12-2/1's, 16-2/2's 32% Down New Loan Freddie Mac- CBRE Capital, Last Sold:Aug 2018 $3,125,000 |
Arcadia Modern 2940 N 40th St Phoenix
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27 22,500
|
$5,167,000 $229.64 726 SF |
5/31/19 1963 |
$191,370
|
10-1/1's, 16-2/1.5's, 1-3/2 Non-Arms Length - TIC Group Sale; Ownership % change New Loan: 30% Down Opus Bank |
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TOWN HALL COMING UP ON JUNE 12TH
AZREIA CONFERENCE CENTER - 1841 N. 24TH STREET
6:00 - 7:30 PM
HOW TO MAXIMIZE VALUE AND KEEP YOUR PROFIT
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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