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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
March 29, 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 |
544 N. Horne
Mesa |
11
8,800 |
$975,000
$110.80
800 SF |
3/25/2019
1983 |
$88,636 |
All 2/1's; 54% Down; New Loan: Wash Fed; Last Sale: 02/2014 $520,000 |
Mountain View on Central - 8818 S. Central Ave., Phoenix
|
128
58,944 |
$8,725,000
$148.02
461 SF |
3/26/2019
1986 |
$ 68,164 |
8-0/1's, 108-1/1's, 12-2/1's; New Freddie Mac Loan; Last Sale: 12/2016 $5,200,000 |
Verona Park
1666 S. Extension Rd.
Mesa |
304
249,361
|
$43,740,000
$175.41
820 SF |
3/28/2019
1981 |
$143,882 |
152-1/1's, 152-2/1's; 32% Down; Assumed & new Fannie Mae Loan; Last Sale: 01/2017 $33,400,000 |
Edgewater
102 S. 4th Avenue
Avondale |
196
148,704 |
$21,750,000
$146.26
759 SF |
3/28/2019
1985 |
$110,969 |
40-1/1's, 116-2/1's, 24-2/2's, 16-3's; 23% Down; New Freddie Mac Loan; Part of Portfolio Sale; Last Sale: 06/2014 $10,200,000 |
Sandal Ridge
645 N. Country Club Dr.
Mesa |
196
134,900 |
$19,900,000
$147.52
688 SF |
3/28/2019
1979 |
$101,531 |
24-0/1's, 96-1/1's, 28-2/1's, 48-2/2's; 23% Down; New Freddie Mac Loan; Part of Portfolio Sale; Last Sale: 05/2016 $12,250,000 |
Terrace Park
8130 W. Indian School
Phoenix |
213
171,678 |
$20,100,000
$117.08
806 SF |
3/28/2019
1984 |
$94,366 |
16-1/1's, 124-2/1's, 73-2/2's; 29% Down; New Freddie Mac Loan; Part of Portfolio Sale; Last Sale: 03/2017 $14,250,000 |
Brookside
6131 W. Thomas Rd.
Phoenix |
203
141,010 |
$17,800,000
$126.23
691 SF |
3/28/2019
1984 |
$87,255 |
17-0/1's, 92-1/1's, 30-2/1's, 64-2/2's; 18% Down; New Freddie Mac Loan; Part of portfolio Sale; Last Sale: 04/2015 $10,000,000 |
Marble Creek
5601 W. McDowell road
Phoenix |
244
206,080 |
$21,650,000
$105.06
845 SF |
3/28/2019
1985 |
$88,730 |
108-1/1's, 48-2/1's, 88-2/2's; 19% Down; New Fannie Mae Loan; Part of Portfolio Sale; Last Sale: 08/2017 $16,750,000 |
Villa Serena
4221 W.Dunlap
Phoenix |
137
108,423 |
$12,100,000
$111.60
791 SF |
3/28/2019
1982 |
$88,321 |
63-1/1's, 74-2/2's; Cash Sale; Part of Portfolio Sale; Last Sale: 08/2014 $6,420,000 |
Urban Trails
1620 W. Southern Ave.
Mesa |
156
102,914 |
$16,400,000
$159.36
660 SF |
3/28/2019
1974 |
$105,128 |
32-0/1's, 76-1/1's, 48-2/1's; 26% Down; New Fannie Mae Loan; Part of Portfolio Sale; Last Sale: 01/2017 $13,100,000 |
Penny Lane
544 E. Southern
Mesa |
136
114,824 |
$14,250,000
$124.10
844 SF |
3/28/2019
1985 |
$104,779 |
64-1/1's, 72-2/2's; 23% Down; New Freddie Mac Loan; Part of Portfolio Sale; Last Sale: 05/2016 $10,000,000 |
Montego
949 S. Longmore
Mesa |
154
129,760 |
$18,200,000
$140.26
843 SF |
3/28/2019
1979 |
$118182 |
30-1/1's, 25-2/1's, 99-3's; Cash Sale; Part of Portfolio Sale; Last Sale: 03/2017 $13,900,000 |
Flats at San Tan
2550 S. Santan Pkwy.
Gilbert |
319
362,701 |
$71,425,000
$196.93
1,137 SF |
3/28/2019
2016 |
$223,903 |
209-1/1's, 110-2/2's; 36% Down; New Fannie Mae Loan; No Prior Sale |
Lantana Gardens
4529 W. Ocotillo Rd.
Glendale |
120
90,324 |
$11,550,000
$127.87
753 SF |
3/28/2019
1983 |
$96,250 |
72-1/1's, 48-2/2's; Cash Sale; Part of Portfolio Sale; Last Sale: 02/2015 $5,100,000 |
Tierra Santa
4620 W. McDowell
Phoenix |
274
159,948 |
$20,950,000
$130.98
584 SF |
3/29/2019
1987 |
$76,460 |
32-0/1's, 130-1/1's, 64-2/1's, 48-2/2's; 2% Down; Assumed Loan with Wilmington Trust; Part of Portfolio Sale; Last Sale: 05/2017 $13,400,000 |
Sunpointe
7077 W. McDowell Rd.
Phoenix |
152
123,972 |
$16,350,000
$131.88
816 SF |
3/29/2019
1984 |
$107,566 |
64-1/1's, 88-2/2's; 28% Down; Assumed Loan w/Walker & Dunlop; Part of Portfolio Sale; Last Sale: 01/2017 $10,800,000 |
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HUGE PORTFOLIO SALE OF 12 PROPERTIES!
MORE DETAILS TO FOLLOW.
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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