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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
August 9, 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 |
Citi on Camelback
909 E. Camelback Road
Phoenix |
192 of 360;
SF Unknown
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$32,700,000
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8/7/2019
2001 |
$170,313 |
Mix Unknown; 36% Down; New Loan W/Varde Partners for $56,675,000 |
Higley Street
315-321 N. Higley Road
Mesa |
30
22,370 |
$2,600,000
$116.23
746 SF |
8/8/2019
1967 |
$86,667 |
Mix Unknown; New Loan: Bank 34; Last Sale: 11/2005; Price Unknown |
Oak Tree
3620 E. McDowell Rd
Phoenix |
76
49,929 |
$6,900,000
$138.20
657 SF |
8/9/019
1984 |
$90,789 |
60-1/1's, 8-2/1's, 8-2/2's; 36% Down; New Freddie Mac Loan; Last Sale: 06/2000 $2,450,000 |
Tides at 40th Street
2620 N. 40th Street
Phoenix |
43
38,000 |
$6,475,000
$170.39
884 SF |
8/9/2019
1969 |
$150,581 |
15-1/1's, 27-2/2's, 1-3; Renovated in 2018; 20% Down; Last Sale: 03/2017 $4,500,000 |
Scottsdale 5th Avenue
6405 E. Indian School
Scottsdale |
59
30,202 |
$6,600,000
$218.53
512 SF |
8/9/2019
1968 |
$111,864 |
28-0/1's, 30-1/1's, 1-2/1; M/M; 30% Down; New Freddie Mac Loan; Last Sale: 06/2000 $2,265,000 |
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Rockwell Partners, from Chicago, IL bought 192 of the 360 units in the Class property on E. Camelback. They plan to renovate these units.
Also, ZH Multifamily bought both the Oak Tree and Scottsdale 5th Avenue. Nice job!
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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