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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
November 2, 2018
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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 |
Villa North Condos
3111 E. Clarendon Ave.
Phoenix |
10
6,623 |
$1,390,000
$209.87
662 |
10/29/2018
1981 |
$139,000 |
All 2/2's; 8% Down; New Loan: Seattle Funding; Last Sale: 05/2005 $862,500 |
Davenport
FKA: Mill Pointe & 201 West, 4130 S. Mill Ave., Tempe |
441
346,024
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$55,500,000
$160.39
785 SF |
10/30/2018
1973, 1979 |
$125,850 |
36-0/1's, 136-1/1's, 103-2/1's, 156-2/2's; 14% Down; New Loan: C-III Capital; Last Sale: 09/2015 $34,600,000 |
Flower
3208 E. Flower St.
Phoenix |
22
16,018 |
$2,675,000
$167.00
728 SF |
10/31/2018
1986 |
$121,590 |
All 2/2's; 17% Down; New Loan: Seattle Funding Group; Last Sale: 06/2012 $775,000 |
Northern Palms
2835 W. Northern Ave.
Phoenix |
49
29,708 |
$3,410,000
$114.78
606 SF |
10/31/2018
1954 |
$69,592 |
48-1/1's, 1-3; M/M; 23% Down; New Loan: Scott Gould; Last Sale: 07/2017 $3,125,000 |
Mountain View
1703 W. Mountain View
Phoenix |
16
9,151
|
$975,000
$106.55
572 SF |
10/31/2018
1982 |
$60,938 |
8-1/1's, 8-2/1's; 25% Down; New Loan: KS State Bank; Last Sale: 05/2016 $830,000 |
Decco 109
109 E. Broadway
Tempe |
40
30,147 |
$4,800,000
$159.22
754 SF |
11/1/2018
1965 |
$120,000 |
14-1/1's, 26-2/1's; 25% Down; New Loan: FirstBank; Last Sale: 08/2015 $4,250,000 |
Icon on Central
77 W. Coolidge
Phoenix |
120
92,430 |
$16,440,000
$177.86
770 SF |
11/2/2018
1974 |
$137,000 |
18-0/1's, 58-1/1's, 44-2/2's; M/M; 24% Down; New Fannie Mae Loan; Last Sale: 02/2017 $12,050,000 |
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Well, looks like we're not the only ones seeing and sensing a slow down in Metro Phoenix Apartment sales. CoStar gave their Multi-Family update presentation last week for both the National and Phoenix markets. Numbers for Metro Phoenix show 70 sales in Q1, 90 sales in Q2, 91 sales in Q3 and 18 sales in October, that would project to 54 sales in Q4. Hope everyone voted!!
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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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