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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 30, 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 |
Sundance
100 W. Ray Road
Chandler |
16
12,672 |
$1,780,000
$140.47
792 SF |
11/23/2018
1965 |
$111,250 |
All 2/1's; 12% Down; New Fannie Mae Loan; Last Sale: 03/2016 $1,150,000 |
McKinley Court
815 N. 3rd Avenue
Phoenix |
40
18,540 |
$4,761,476
$256.82
464 |
11/27/2018
1960 |
$119,037 |
18-0/1's, 22-1/1's; To be redeveloped - 108 Units |
Desert Parks Vista
9393 E. Palo Brea Bend
Scottsdale |
202
216,367
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$52,000,000
$240.33
1071 SF |
11/28/2018
2006 |
$257,426 |
11-0/1's, 78-1/1's, 95-2/2's, 18-3's; 21$ Down; New Loan: MF-1 Capital; Last Sale: 06/2010 $32,630,000 |
Sanctuary on 22nd
8530 N. 22nd Ave.
Phoenix |
266
193,201 |
$31,827,500
$164.74
726 SF |
11/29/2018
1985 |
$119,652 |
152-1/1's, 114-2/2's; 43% Down; New Fannie Mae Loan; Last Sale: 08/2016 $19,600,000 |
Macallister Scottsdale
7979 E. Wilshire Drive
Scottsdale |
26
22,448 |
$5,800,000
$258.37
863 SF |
11/29/2018
2016 |
$223,077 |
20-1/1's, 6-2/2's; Cash Sale; No Prior Sale |
River Ranch
6152 W. Oakland St.
Chandler |
186
126,396 |
$32,000,000
$253.17
680 SF |
11/30/2018
1986 |
$172,043 |
98-1/1's, 32-2/1.5's, 56-2/2's; Portfolio Sale; 5% Down; New Freddie Mac Loan; Last Sale: 06/2011 $12,200,000 |
Chandler Court
3800 W. Chandler Blvd.
Chandler |
310
279,419 |
$58,000,000
$207.57
901 SF |
11/30/2018
1988 |
$187,097 |
109-1/1's, 164-2/1.5's, 33-2/2.5's; Portfolio Sale; 5% Down; New Freddie Mac Loan; Last Sale: 06/2011 $24,400,000 |
Vista Montana
3225 E. Baseline Rd.
Gilbert |
341
305,511 |
$59,000,000
$193.12
896 SF |
11/30/2018
1989 |
$173,021 |
141-1/1's, 200-2/2's; Portfolio Sale; 5% Down; New Freddie Mac Loan; Last Sale: 07/2012 $28,000,000 |
1133 West Fifth
1133 W. 5th St.
Tempe |
44
39,380 |
$7,500,000
$190.45
895 SF |
11/30/2018
1973 |
$170,454 |
All 2/2's; Fully Renovated; 27% Down; New Loan: Sabal Capital; Last Sale: 06/2017 $7,500,000 |
Hermosa Place
3132 N. 32nd St.
Phoenix |
50
26,197 |
$4,300,000
$164.14
524 SF |
11/30/2018
1980 |
$86,000 |
5-0/1's, 44-1/1's, 1-2/1'; 7% Down; Lender Unknown; Last Sale: 01/2007 $3,000,000 |
Arcadia Park
3426 N. 32nd St.
Phoenix |
73
57,688 |
$8,300,000
$143.88
790 SF |
11/30/2018
1973 |
$113,699 |
54-1/1's, 19-2/1's; 4% Down; Lender Unknown; Last Sale: 02/2000 $2,875,000 |
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Hope to see many of you tomorrow at our third Town Hall Meeting for 2018. We are meeting at the Arizona Multi-Housing Association (AMA) office, 818 N. 1st Street, Phoenix 85004. Registration opens at 5:00 pm with the Town Hall beginning at 5:30 to 7:30. We will present a brief update on the Multi-Family Market and then move into our main topic which is: Investing in Opportunity Zones.
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
[email protected]
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