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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 2, 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 |
Covington Park
2902 W. Sweetwater
Phoenix |
520
469,323 |
$77,260,000
$164,62
903 SF |
7/30/2019
2000 |
$148,577 |
198-1/1's, 274-2/2's, 48-3's; 30% Down; New Freddie Mac Loan; Last Sale: 06/2012 $40,720,000 |
Verde Vista
3030 N. 35th Avenue
Phoenix |
181
74,544 |
$10,600,000
$142.20
412 SF |
7/31/2019
1978 |
$58,564 |
80-0/1's, 93-1/1's, 8-2/1's; M/M; 34% Down; New Loan: Hunt Mortgage Group; Last Sale: 10/2016 $6,600,000 |
Salado Springs
242 S. Beck Avenue
Tempe |
144
132,990
|
$30,200,000
$227.08
924 SF |
7/31/2019
1986 |
$209,722 |
32-1/1's, 112-2/2's; 66% Down; New Loan: Lincoln Nat'l Life; Last Sale: 12/1/2016 $20,200,000 |
San Valiente
2220 W. Mission Lane
Phoenix |
604
584,676 |
$100,000,000
$171.03
968 SF |
7/31/2019
1997 |
$165,563 |
192-1/1's, 332-2/2's, 80-3's; 27% Down; Assumed Freddie Mac Loan; Last Sale: 07/2016 $71,300,000 |
Capri
6847 E. 4th Street
Scottsdale |
13
8,213
|
$2,600,000
$316.57
632 SF |
7/31/2019
1959 - 1979
|
$200,000 |
Mix Unknown; 20% Down; New Loan: KS State Bank; Last Sale Info Unknown |
Longview Heights
4145 N. Longview Dr.
Phoenix |
18
14,708 |
$2,030,000
$138.02
817 SF |
8/1/2019
1987
|
$112,778 |
8-2/1's, 10-2/2's; 25% Down; New Loan: Fidelity Bancorp; Last Sale: 3/30/2016 $1,100,000 |
Majestic Palms
1920 N. 32nd Street
Phoenix |
24
14,140
|
$1,940,000
$137.20
589 SF |
8/2/2019
1981 |
$80,833 |
20-1/1's, 4-2/1's; 32% Down; New Loan: Readycap Com'l.; Last Sale: 04/2016 $1,600,000 |
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LOTS OF CALIFORNIA BUYERS AND SELLERS. OF THE 14 PARTIES INVOLVED,
10 ARE FROM CALIFORNIA. IN TALKING WITH BUYERS, THERE IS CONTINUED
STRONG
BELIEF IN THE PHOENIX MARKET.
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
Jim@KLCommGroup.com
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