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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 23, 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 |
Greenway Springs
15620 N. 25th Avenue
Phoenix |
240
174,336
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$24,500,000
$140.53
726 SF |
8/19/2019
1975 |
$102,083 |
96-1/1's, 80-2/1's, 54-2/2's; M/M; 24% Down; New Loan: Voya Financial; Last Sale: 04/1999 $3,800,000 |
Coronado
1801 N. 50th Street
Phoenix |
13
12,258 |
$2,013,000
$164.22
943 SF |
8/19/2019
1980 |
$154,846 |
12-2/1's, 1-3; 20% Down; New Freddie Mac Loan; Last Sale: 9/21/2018 $1,456,000 |
Beverly Palms
1942 W. Berridge Ln.
Phoenix |
12
10,816 |
$1,600,000
$147.93
901 SF |
8/20/2019
1963 |
$133,333 |
All 2/1's; Cash Sale; 1031 Buyer; Last Sale: 12/1/2014 $770,000 |
Alta Camelback
4949 N. 7th Street
Phoenix |
237
244,034 |
$63,800,000
$261.44
1,030 SF |
8/20/2019
2018 |
$269,198 |
135-1/1's, 21-2/1's, 67-2/2's, 14-3's; 35% Down; New Loan: Met Life; No previous Sale |
Vibe on Thomas
2735 E. Thomas
Phoenix |
100
60,395 |
$8,450,000
$139.91
604 SF |
8/21/2019
1969 |
$84,500 |
37-0/1's, 63-1/1's; M/M; 20% Down; New Loan: Bancorp Bank; Last Sale: 03/2016 $5,025,000 |
Park Ridge
12211 N. Paradise Village Pkwy. Phoenix |
168
112,168 |
$26,208,000
$233.65
668 SF |
8/21/2019
1983 |
$156,000 |
108-1/1's, 60-2/2's; 52% Down; New Freddie <Mac Loan; Last Sale: 08/2017 $17,100,000 |
Mission 66
3001 N. 32nd Street
Phoenix |
66
56,994 |
$10,175,000
$178.53
864 SF |
8/21/2019 |
$154,167 |
22-1/1's, 44-2/2's; 24% Down; New Loan: Mutual of O,aha Bank; Last Sale: 3/312017 $4,850,000 |
Agave Court
125 N. 18th St.
Phoenix |
64
60,876 |
$7,350,000
$120.74
951 SF |
8/22/20919
2001 |
$114,844 |
12-1/1's, 36-2/2's, 16-3's; Partially Affordable; 25% Down; New Loan: Opus Bank; Last Sale: 12/2011 $2,100,000 |
West View
40 E. Sunland
Phoenix |
117
82,700 |
$11,600,000
$140.27
707 sf |
8/23/2019
1988 |
$99,146 |
33-1/1'S, 84-2/2'S; 19% Down; New Loan: Berkeley Point Capital; Last Sale: 01/2012
$2,285,000 |
Remington Ranch
12740 W. Indian School
Litchfield Park |
334
303,796 |
$58,500,000
$192.75
909 SF |
8/23/2019
2003 |
$175,150 |
162-1/1's, 20-2/1's, 132-2/2's, 20-3's; 17% Down; New Fannie Mae Loan; Last Sale: 10/2004 $31,135,000 |
Novel Rio
701 W. Rio Salado Pkwy
Tempe |
209
252,553 |
$66,250,000
$262.32
1,208 SF |
8/23/2019
2018 |
$316,986 |
17-0/1'S, 122-1/1'S, 662/2'S, 4-2/DEN/2; 25% Down; New Loan: NXT Capital; No prior sale |
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Eleven Sales. All but two were in Phoenix. The market is so strong. It's really exciting.
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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