Senior Apartment Team

Linda Fritz-Salazar
Associate Broker
Senior Partner
Call 602.989.9487

Jon Coffen
Senior Partner

Call 602.653.3600

 

Weekly Apartment Closing Update through  July 26, 2019


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
Sandalwood Square
4313 N. 23rd Ave.
Phoenix
67
54,415
$6,460,000
$118.72
812 SF
7/23/2019
1964, 1974

$96,418
2-0/1's, 21-1/1's, 4-2/1's, 40-2/2's; 30% Down; New Fannie Mae Loan; Last Sale: 07/2016 $3,800,000
Aventerra at Dobson Ranch
1960 W. Keating Ave.
Mesa
576
449,280
$85,750,000
$190.86
780 SF
7/24/2019
1978

$148,872
336-1/1's, 80-2/1's, 160-2/2's; .05% Down; New Freddie Mac Loan; Last Sale: 10/2013 $38,425
Vista Palms
602 S. 17th Avenue
Phoenix
17
5,120
$800,000
$156.25
301 SF
7/24/2019
1947

$47,059
All 0/1's; Cash Sale; Last Sale: 02/2015 $219,300
Denim Scottsdale
7701 E. Osborn Road
Scottsdale
644
503,952
$141,250,000
$280.28
783 SF
7/25/2019
1979

$219,332
352-1/1's, 128-2/1's, 136-2/2's, 6% Down; New Fannie Mae Loan: Last Sale: 06/2016 $80,900,000
Urbana on Myrtle
1914 W. Myrtle Ave.
Phoenix
20
18,900

$2,200,000
$16.40
945 SF
7/26/2019
1962

$110,000
All 2/2's; 15% Down; New Loan: Bank 34; Last Sale: 05/2013 $963,000
Casa Sunrise
3002 N. 40th Street
Phoenix
14
11,492
$2,000,000
$174.03
821 SF
7/26/2019
1950, 1972

$142,857
5-1/1's, 2-2/1's, 7-2/2's; 19% Down; New Loan: Readycap Commercial; Last Sale: 10/2011 $535,000
 
ONLY ONE SALE UNDER $100,000/UNIT.  PLEASE NOTE THE SALE OF DENIM SCOTTSDALE FOR $219,332/UNIT ($280.28/SF). PROPERTY BUILT IN 1979 ON 31 ACRES IN THE HEART OF SCOTTSDALE

Data Source: CoStar, BREW, Vizzda plus personal information

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.

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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