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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 30, 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 |
Village @ Rio Salado
442 S. 7th Street
Phoenix |
10
5402 |
$849,000
$157.16
540 |
8/23/2019
1961 |
$84,900 |
6-1/1's, 4-2/1's; Renovated in 2018; 30% Down; New Loan: KS State Bank; Last Sale: 01/2016 $150,000 |
Orchard
6727 N. 61st Avenue
Glendale |
10
7,820 |
$800,000
$102.30
782 SF |
8/23/2019
1966 |
$80,000 |
All 2/1's; 30% Down; New Loan: Bank 34; Last Sale: 10/2014 $340,00 |
The Edge
15202 N. 40th Street
Phoenix |
388
262,815
|
$57,300,000
$218.02
677 SF |
8/27/2019
1986 |
$147,680 |
220-1/1's, 2168-2/2's; 13% Down; New Loan: Voya Financial; Last Sale: 10/2007 $34,000,000 |
Sterling 920 Terrace
920 S. Terrace Rd.
Tempe |
260
508,665 |
$115,000,000
$226.08
1,956 SF |
8/28/2019
2018 |
$442,308 |
22-0/1's, 29-1/1's, 56-2/2's, 153-4/4's; New Loan: Capital One; Also a $39,000,000 Ground lease thru 8/31/2118; No Prior Sale |
Tuscany Ridge
8203 W. Oraibi Drive
Peoria |
336
311,615 |
$64,500,000
$206.99
927 SF |
8/29/2019
2002 |
$191,964 |
160-1/1's, 168-2/2's, 8-3's; 47% Down; New Freddie Mac Loan; Last Sale: 03/2018 $53,760,000 |
Trillium 44
111 N. Dupont Circle
Phoenix |
297
319,103 |
$56,000,000
$175.49
1,074 SF |
8/29/2019
2015 |
$188,552 |
40-0/1's, 175-1/1's, 82-2/2's; 45% Down; New Fannie Mae Loan; No Prior Sale |
Casa Sol
4032 W. Osborn Rd.
Phoenix |
249
178,470 |
$20,500,000
$115.87
717 SF |
8/30/2019
1985 |
$82,329 |
1-0/1, 123-1/1's, 73-2/1's, 49-2/2's, 1-3; 20% Down; New Loan: Arbor Com'l.; Last Sale: 11/2012 $6,001,000 |
Polk Gardens
2148 E. Polk
Phoenix |
16
5,918 |
$2,200,000
$371.75
370 SF |
8/30/2019
1953 |
$137,500 |
All 1/1's; 18% Down; New Loan: Haymarket Ins. Co.; Last Sale: 10/2014 $450,000 |
Sonoma Heights
520 N. Mesa Dr.
Mesa |
96
96938
|
$16,000,000
$222.22
750 SF |
8/30/2019
1999
|
$166,667 |
56-2/1's, 30-3's, 10-4's; 25% Down; New Loan: East West Bank; Last Sale: 09/2014 $6,200,000 |
Rosewood
5150 W. Eugie Ave.
Glendale |
152
100,096 |
$18,696,000
$186.78
659 SF |
8/30/2019
1984 |
$123,000 |
96-1/1's, 56-2/2's; 16% Down; New Loan: Prudential Ins. Co.; Last Sale: 12/2004 $6,525,000 |
2627 N. 27th Street
Phoenix |
11
8,960 |
$1,200,000
$133.93
815 SF |
8/30/2019
1999 |
$109, 091 |
1-0/1, 1-1/1, 8-2/2's, 1-3/2; Cash Sale; No Prior Sale |
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Eleven Sales. All over the board. Unit prices from $442,308 to $80,000.
From brand new built in 2018 to slightly older built in 1953
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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