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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
September 20, 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 |
Biscayne Bay
300 E. Warner Road
Chandler |
512
459,456 |
$110,250,000
$239.96
897 SF |
9/17/2019
2000 |
$215,332 |
224-1/1's, 272-2/2's, 16-3's; 35% Down; New Fannie Mae Loan; Last Sale: 11/2016 $71,500,000 |
The Rev
3409 S. Rural Rd.
Tempe |
172
143,174 |
$28,200,000
$196,96
832 SF |
9/18/2019
1973 |
$163,953 |
12-0/1's, 70-1/1's, 90-2/2's; 28% Down New Freddie Mac Loan; Last Sale: 05/2017 $17,600,000 |
Jameson
1301 E. Thomas
Phoenix |
16
15,732 |
$2,300,000
$146.20
983 SF |
9/18/2019
1953 |
$143,750 |
Mix Unknown; 61% Down; Seller Carry; Last Sale: 03/2014 $788,000 |
Westover Parc
6515 W. McDowell Rd.
Phoenix |
42 of 160 |
$6,547,895 |
9/19/2019
2001 |
$155,902 |
Owner now owns 146 of 160 units; 2% Down; Loan Amount added to existing financing with Readycap Commercial |
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Four sales. Three showing strong appreciation in value over relatively short time
frames between sales. Westover Parc almost back to a 100% rental community.
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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