“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ . ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
- An independent, locally-owned, commercial brokerage – since 1998.
- Experienced professional specialists with a strong “Client First” dedication.
- SERVICES: Apartments and land brokerage — office, retail & industrial brokerage and leasing.
GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER / 3rd. QTR 2018
http://files.constantcontact.com/193ea53b001/ea3c7ce3-a374-4bb9-a6b9-4ab464fe41eb.pdf
The KASTEN LONG COMMERCIAL GROUP (KLCG) has focused on apartment brokerage and market research in metro Phoenix since 1998. Our agents have brokered more than 1,000 communities. The market research includes: in-depth knowledge of every apartment transaction, quarterly apartment newsletters, tracking vacancy/rental rates/concessions for each submarket, and tracking the new apartment construction pipeline.
KASTEN LONG COMMERCIAL GROUP
- An independent, locally-owned, commercial brokerage – since 1998.
- Experienced professional specialists with a strong “Client First” dedication.
- SERVICES: Apartments and land brokerage — office, retail & industrial brokerage and leasing.
KLCG-AMA Town Hall Meeting – Dec. 5
As part of our partnership with the Arizona Multihousing Assoc. (AMA), we host Town Hall-style meetings exclusively for owners of apartments. These casual meetings have a wealth of information on almost every aspect of apartment ownership including operations, management and investment strategy. Our next meeting will be Wednesday, Dec. 5 – discussing “Opportunity Zones” and setting-up the best Legal Ownership of assets. www.KLCG-Events.com/reg
CLICK HERE FOR pdf: KLCG Q3 2018 Apt. Owner’s Newsletter
- Next KLCG-AMA Town Hall Meeting – Dec. 5
- What are Opportunity Zones and Why are they Important?
- The Best Legal Structure for Ownership of Assets
- Registration: KLCG-Events.com/reg
- Sept 14 Event at SkySong – Speaker Presentations are now available at KLCG-Events.com
- Southern Scottsdale Primed for JUMP in property values
- Our long-term water resource for the Valley – per SRP
- New Apartment Construction Up 41.8% over 2017- Are we over-building?
- Buying or Selling Apartments – What is critical to understand about our market?
- US and AZ economy – What are Wall Street’s biggest fears?
-
Expanding Our Team
- Kasten Long Commercial Group (KLCG)is a locally owned and operated full service real estate commercial brokerage primarily serving metro Phoenix. We are currently looking to expand our team with experienced Commercial Real Estate Brokers that have a “client first”
- Please contact :
- Jim Kasten, CCIM
- 602 445 4113 Office
- 602 677 0655 Cell
- Jim@KLCommGroup.com
The Metro Phoenix Apartment Market (Q3 2018)
Metro Phoenix apartment sales continued at a strong pace. There were 88 individual sales (10+ units) in Q3 with many being resales after holding for 3 years or less (“flips”). A third of the total sales were 100+ units and a quarter were part of a 1031 exchange. We track every apt. sale (10+ units) and report via email details on a weekly basis.
“Understanding Our Market and How to Buy Older ‘B’ and ‘C’ Non-Repositioned Properties”
Metro Phoenix is one of the strongest apartment markets in the US and projected to continue rent and value growth. To buy a property in this environment needs an understanding of what is required. Think you can still buy older, non-repositioned apartments in key growth areas based on values derived from current income and existing cap rates? Think again! In today’s market, buyers understand the opportunity to greatly increase rents and property value by repositioning. It’s common for these buyers to spend $20,000 to $30,000+ per unit to achieve rents in the $1.30/sf to $1.50+/sf range with values increasing +$60,000/unit. While this is not rocket science, the trick is to find the right property to reposition at a realistic price. To determine the “realistic price,” a buyer simply needs to know the market value with the repositioned rents and the cost to reposition the property. Combine these numbers with the desired profit and that’s the current value (realistic price). Notice the current rents and cap rate are not part of this scenario.
So, how does a buyer find and acquire a property that offers this potential? Most successful buyers work with an experienced, local apartment broker that has been in the business for many years, has stayed in contact with many owners, is active in the market and understands how to structure an offer. Owners understand that a buyer will typically want time to obtain financing, but they may not accept an offer dependent on an appraisal nor the buyer’s ability to obtain a loan. Owners also want to know the purchase is firm ASAP. Offering a short time for due-diligence and then having significant, non-refundable monies in-place is often required. Understanding this market can help you achieve your goals – either maximizing the sale price for an owner or obtaining the right property to reposition. At KLCG, we’ve specialized in helping both buyers and sellers for the past 20 years!
- Arvle Knight, KLCG Senior Associate Broker, 602 885 8000, Arvle@KLCommGroup.com
We recently attended SRP’s semi-annual economic forecast. Don Reynolds, a past chairman for a $120 Billion pension fund, made the point that China and tariffs may be the most important to watch. His comment “We are in an economic war with China, and their economy is currently struggling”. Trump’s economic policies are partly to counter China’s infiltration in our technologies and their investments worldwide. The biggest fear for Wall Street in the near-term is the Republicans not keeping control of Congress in the next election. Having the Democrats win the Presidential election in two years would be a greater economic fear.
At some point we will have new apartment and new home over-building, but not in the near-term. Here’s why. Arizona’s economy is strong with 4% unemployment (ranked 7th in the US for Job Growth) plus wages are increasing. Across metro Phoenix, home prices are up and affordability is getting more difficult with rising interest rates. Maricopa County (essentially greater Phoenix) led the entire US in population growth with 73,650 in 2017. Active listings for homes is down 24% YTD with low inventory especially for entry level priced homes. New home construction is facing increasing land, materials and labor costs resulting in only about 20,000 new homes in 2018. The population growth for metro Phoenix is projected to be nearly 90,000. On average, we will need about 30,000 living units, this includes homes, condos and apartments. As such, the new apartments and homes will be fully absorbed by The Metro Phoenix Apartment Market (Q3 2018)
Metro Phoenix apartment sales continued at a strong pace. There were 88 individual sales (10+ units) in Q3 with many being resales after holding for 3 years or less (“flips”). A third of the total sales were 100+ units and a quarter were part of a 1031 exchange. We track every apt. sale (10+ units) and report via email details on a weekly basis.
“Understanding Our Market and How to Buy Older ‘B’ and ‘C’ Non-Repositioned Properties”
Metro Phoenix is one of the strongest apartment markets in the US and projected to continue rent and value growth. To buy a property in this environment needs an understanding of what is required. Think you can still buy older, non-repositioned apartments in key growth areas based on values derived from current income and existing cap rates? Think again! In today’s market, buyers understand the opportunity to greatly increase rents and property value by repositioning. It’s common for these buyers to spend $20,000 to $30,000+ per unit to achieve rents in the $1.30/sf to $1.50+/sf range with values increasing +$60,000/unit. While this is not rocket science, the trick is to find the right property to reposition at a realistic price. To determine the “realistic price,” a buyer simply needs to know the market value with the repositioned rents and the cost to reposition the property. Combine these numbers with the desired profit and that’s the current value (realistic price). Notice the current rents and cap rate are not part of this scenario.
So, how does a buyer find and acquire a property that offers this potential? Most successful buyers work with an experienced, local apartment broker that has been in the business for many years, has stayed in contact with many owners, is active in the market and understands how to structure an offer. Owners understand that a buyer will typically want time to obtain financing, but they may not accept an offer dependent on an appraisal nor the buyer’s ability to obtain a loan. Owners also want to know the purchase is firm ASAP. Offering a short time for due-diligence and then having significant, non-refundable monies in-place is often required. Understanding this market can help you achieve your goals – either maximizing the sale price for an owner or obtaining the right property to reposition. At KLCG, we’ve specialized in helping both buyers and sellers for the past 20 years!
- Arvle Knight, KLCG Senior Associate Broker, 602 885 8000, Arvle@KLCommGroup.com
We recently attended SRP’s semi-annual economic forecast. Don Reynolds, a past chairman for a $120 Billion pension fund, made the point that China and tariffs may be the most important to watch. His comment “We are in an economic war with China, and their economy is currently struggling”. Trump’s economic policies are partly to counter China’s infiltration in our technologies and their investments worldwide. The biggest fear for Wall Street in the near-term is the Republicans not keeping control of Congress in the next election. Having the Democrats win the Presidential election in two years would be a greater economic fear.
At some point we will have new apartment and new home over-building, but not in the near-term. Here’s why. Arizona’s economy is strong with 4% unemployment (ranked 7th in the US for Job Growth) plus wages are increasing. Across metro Phoenix, home prices are up and affordability is getting more difficult with rising interest rates. Maricopa County (essentially greater Phoenix) led the entire US in population growth with 73,650 in 2017. Active listings for homes is down 24% YTD with low inventory especially for entry level priced homes. New home construction is facing increasing land, materials and labor costs resulting in only about 20,000 new homes in 2018. The population growth for metro Phoenix is projected to be nearly 90,000. On average, we will need about 30,000 living units, this includes homes, condos and apartments. As such, the new apartments and homes will be fully absorbed by the population growth.
Kasten Long Commercial Group: Scott Trevey, CCIM (480 205 0862), Linda Fritz-Salazar, Assoc. Broker (602 989 9487), Jim Kasten, CCIM (602 677 0655), Jan Long, CCIM (602 434 9882), Arvle Knight, CCIM (602 885 8000), Walter Unger, CCIM (520 975 5207), John Locke (480 432 7179), Jon Coffen (602 653 3600), Chris Norton (480 559 9775), David Flower (303 520 8545) and Angie Ritchie, KLCG Operations Manager (602 445 4112).
| ADDRESS
CITY, ‘NAME’ |
UNITS
SIZE (SF) |
SOLD PRICE
PRICE / SF |
SALE DATE
YEAR BLT. |
GSI
PRICE / UNIT |
GRM
CAP |
COMMENTS |
| 222 E McDowell Rd
Phx, ‘Green Leaf District‘ |
280
280,000 |
$76,150,000
$271.96 |
8/03/2018
2017 |
$271,964 |
4.8 | St. 90, 70 1/1, 120 2/2 |
| 7017 S Priest Dr
Tempe, ‘MetroPointe’ |
415
416,960 |
$76,000,000
$182.27 |
07/19/2018
2009 |
$183,133 |
5.0 |
St. 7, 228 1/1, 144 2/2, 36 3/2 |
| 4909 W Joshua Blvd
Chdlr, ‘Country Brook’ |
396
381,333 |
$74,000,000
$194.06 |
08/30/2018
1986 |
$186,869 |
5.0 |
144 1/1, 2/2 172, 80 3/2
Flip 1/16 $64,500,000 |
| 2155 S 55th St
Tempe, ‘San Portella’ |
308
358,819 |
$64,680,000
$180.26 |
09/27/2018
2008 |
$210,000 |
4.75 |
104 1/1, 164 2/2, 40 3/2
1031 Exchange |
| 7700 W Aspera Blvd
Glendale, ‘Velaire at Aspera’ |
286
257,400 |
$64,350,000
$250.00 |
07/19/2018
2016 |
$225,000 |
126 1/1, 128 2/2, 32 3/2
|
|
| 1304 S 105th Pl
Mesa, ’District at Mtn Vista’ |
384
467,427 |
$62,000,000
$132.64 |
09/18/2018
2008 |
$161,458 |
4.75 | 156 1/1, 204 2/2, 24 3/2
|
| 2020 E Broadway Rd
Tempe, ‘Willow Creek Apts’ |
402
285,628 |
$60,500,000
$211.81 |
07/02/2018
1983 |
$150,498 |
5.81 |
St. 32, 1/1 214, 40 2/1, 116 2/2
|
| 6161 W McDowell Rd
Phx, ‘Avante’ |
428
404,407 |
$51,500,000
$127.35 |
9/21/2018
1998 |
$120,327 |
57 1/1, 121 2/1, 201 2/2, 49 3/2
|
|
| 4520 E Baseline Rd
Phx, ‘Cordoba’ |
352
276,972 |
$49,000,000
$176.91 |
09/10/2018
1986 |
$139,205 |
160 1/1, 48 2/1, 120 2/2, 24 3/2
Flip 8/15 $31,025,000 |
|
| 30 W Carter Dr
Tempe, ‘Flagstone’ |
376
240,845 |
$48,600,000
$201.79 |
08/29/2018
1985 |
$129,255 |
|
St. 96, 108 1/1, 172 2/2
|
| 1441 S Lindsay Rd
Mesa, ‘Village Lindsay Park’ |
256
231,600 |
$45,810,000
$197.80 |
07/02/2018
1997 |
$178,945 |
4.95
|
88 1/1, 136 2/2, 32 3/2
|
| 999 Baseline Rd
Tempe, ‘Nines Apts’ |
244
232,406 |
$38,500,000
$165.66 |
09/24/2018
1975 |
$157,787 |
|
|
| 2800 W Sahuaro Dr
Phx, ‘Azura Apts’ |
387
270,636 |
$38,200,000
$141.15 |
07/24/2018
1980 |
$98,708 |
5.50 | St. 43, 172 1/1, 84 2/1, 88 2/2
Flip 10/15 $20,875,000 |
| 111 N Gilbert Rd
Mesa, ‘Renew One Eleven’ |
397
263,144 |
$37,500,000
$142.51 |
08/23/2018
1982 |
$94,458 |
|
132 1/1, 265 2/1
Flip 04/16 $27,250,000 |
| 945 W Broadway Rd
Mesa, ‘The Nolan’ |
288
193,598 |
$30,300,000
$156.51 |
07/26/2018
1986 |
$105,208 |
|
144 1/1, 51 2/1, 93 2/2
|
| 1283 W Parklane Blvd
Chdlr, ‘Park Tower’ |
180
147,048 |
$28,900,000
$196.53 |
09/17/2018
1986 |
$160,556 |
4.5 | 88 1/1, 92 2/2
1031 Exchange, Flip 5/16 $21,650,000 |
| 15050 N 59th Ave
Glendale, ‘Sun Creek’ |
175
140,000 |
$23,000,000
$164.29 |
07/02/2018
1985 |
$131,429 |
79 1/1, 96 2/2
|
|
| 6565 W Bethany Hm Rd
Glendale, ‘Solano Point’ |
276
176,598 |
$22,350,000
$126.56 |
08/28/2018
1983 |
$80,978 |
5.0 | St. 68, 168 1/1, 16 2/1, 24 2/2
Flip 10/16 $13,500,000 |
| 208 E Baseline Rd
Tempe, ‘Wilshire Pines’ |
173
140,130 |
$22,250,000
$158.78 |
08/23/2018
1979 |
$128,613 |
|
45 1/1, 82 2/1, 46 2/2
|
| 1230 N Mesa Dr
Mesa, ‘Woodstream Village’ |
156
136,500 |
$20,650,000
$151.28 |
08/24/2018
1982 |
$132,372 |
5.24 | 78 1/1, 78 2/2
Flip 07/16 $15,100,000 |
| 5101 S Mill Ave
Tempe, ‘Tides on Mill’ |
167
130,980 |
$19,000,000
$145.06 |
08/10/2018
1972 |
$113,772 |
4.4 | 56 1/1, 56 2/1, 55 2/2
1031 Exchange |
| 1532 S Price Rd
Tempe, ‘The Porter’ |
165
111,800 |
$17,965,996
$160.70 |
09/14/2018
1980 |
$108,885 |
3.75 |
80 1/1, 85 2/1
|
| 4748 W Sierra Vista Dr
Glendale, ‘Arroyo Villas’ |
196
153,742 |
$17,640,000
$114.74 |
08/30/2018
1984 |
$90,000 |
|
76 1/1, 120 2/2
Flip 12/16 $13,700,000 |
| 2311 E Union Hills Dr
Phx, ‘Connect at Union’ |
146
122,180 |
$16,500,000
$135.05 |
07/09/2018
1985 |
$135.05 |
5.3 | St. 10, 40 1/1, 64 2/1, 32 2/2
Flip 12/15 $8,535,000 |
| 3815 N 16th St
Phx, ‘Avenel on 16th’ |
200
135,470 |
$16,050,000
$118.48 |
08/22/2018
1981 |
$80,250 |
5.0 | 1/1 166, 34 2/1 |
| ADDRESS
CITY, ‘NAME’ |
UNITS
SIZE (SF) |
SOLD PRICE
PRICE / SF |
SALE DATE
YEAR BLT. |
GSI
PRICE / UNIT |
GRM
CAP |
COMMENTS |
| 20702 N Lake Pleasant
Peoria,‘Lake Pleasant Village’ |
152
184,021 |
$15,750,000
$85.59 |
08/28/2018
2004 |
$103,618 |
|
16 1/1, 40 2/2, 76 3/2, 20 4/2
|
| 19955 N 51st Ave
Glendale, ‘The Place at 51st’ |
72
99,792 |
$15,500,000
$155.32 |
08/16/2018
2016 |
$215,278 |
|
30 2/2.5, 42 3/2.5
1031 Exchange |
| 6231 N 67th Ave
Glendale, ‘The Perry’ |
148
119,096 |
$14,717,500
$123.58 |
09/28/2018
1985 |
$99,443 |
72 1/1, 76 2/2
1031 Exchange, Flip 3/16 $8,000,000 |
|
| 6241 N 27th Ave
Phx, ‘Palm Aire’ |
186
140,616 |
$14,650,000
$78,763 |
09/18/2018
1982 |
$78,763 |
93 1/1, 93 2/2
Flip 3/17 $11,200,000 |
|
| 6112 N 67th Ave
Glendale, ‘Palms at Glendale’ |
160
132,280 |
$13,200,000
$99.79 |
07/16/2018
1973 |
$82,500 |
|
102 1/1, 58 2/1
|
| 3130 N 7th Ave
Phoenix, ‘El Cortez’ |
157
63,492 |
$12,076,923
$190.21 |
07/26/2018
1962 |
$76,923 |
5.30
|
St. 157
|
| 5215 W Peoria Ave
Glendale, ‘Paseo 51’ |
116
77,408 |
$11,000,000
$142.10 |
07/27/2018
1986 |
$94,828 |
|
80 1/1, 36 2/2
|
| 5801 E Albany St
Mesa, ‘Albany Apts’ |
98
70,500 |
$9,900,000
$140.43 |
09/07/2018
1972 |
$101,020 |
5.0 |
44 1/1, 26 2/1, 28 2/2
|
| 4802 N 15th Ave
Phx, ‘Vue Camelback’ |
93
58,490 |
$9,500,000
$162.42 |
07/12/2018
1974 |
$102,151 |
6.3 |
46 1/1, 47 2/1
1031 Exchange, Flip 9/15 $3,325,000 |
| 1915 E Broadway Rd
Mesa, ‘Serrano Gardens’ |
97
70,042 |
$8,825,000
$126.00 |
07/30/2018
1973 |
$90,979 |
5.7 |
16 1/1, 81 2/1
Flip 9/16 $6,430,000 |
| 4336 N 35th Ave
Phx, ‘Silver Tree’ |
98
59,152 |
$8,150,000
$137.78 |
08/17/2018
1986 |
$83,163 |
|
St. 16, 42 1/1, 16 2/1, 24 2/2
|
| 15425 N 25th St
Phx, ‘Casa Nueva’ |
90
67,063 |
$7,150,000
$106.62 |
07/12/2018
1981 |
$79,444 |
|
7 1/1, 83 2/1,
|
| 11850 N 19th Ave
Phx, ‘Towers on 19th Ave’ |
128
57,668 |
$7,100,000
$123.12 |
09/14/2018
1985 |
$55,469 |
5.75 |
St. 19, 94 1/1, 15 2/1
|
| 801 W Turney
Phoenix |
60
39,080 |
$7,000,000
$179.12 |
07/05/2018
1956 |
$116,667 |
5.2 |
19 1/1, 1 2/1
1031 Exchange, Flip 12/16 $5,425,000 |
| 1022 E Narramore Ave
Buckeye, ‘Camelot’ |
80
60,500 |
$6,250,000
$103.31 |
07/16/2018
1986 |
$78,125 |
5.25 |
40 1/1, 40 2/2
|
| 10525 W Monterosa St
Phx, ‘Sierra Verde‘ |
58
60,971 |
$6,250,000
$102.51 |
07/30/2018
1988 |
$107,759 |
4.5 |
47 2/2, 11 3/2
|
| 1545 W Camelback Rd
Phx, ‘Phoenician Villas’ |
92
43,366 |
$5,500,000
$126.83 |
07/06/2018
1974 |
$59,783 |
6.0 |
St. 44, 48 1/1
Flip 12/17 $4,500,000 |
| 222 E Cody Dr
Phx, ‘Brighton Place’ |
80
56,250 |
$5,250,000
$93.33 |
08/15/2018
1990 |
$65,625 |
6.7 |
80 2/1
|
| 2520 W Mclellan Blvd
Phx, ‘Casa Blanca’ |
80
60,032 |
$3,645,000
$60.72 |
09/20/2018
1972 |
$45,563 |
|
20 1/1, 54 2/1, 6 3/1
|
| 3015 E Paradise Lane
Phx, ‘Paradise Square’ |
21
34,683 |
$3,525,000
$101.63 |
08/24/2018
1985 |
$167,857 |
6.0 | 8 1/1, 20 2/2
|
| 420 N 64th Pl
Mesa, ‘Oasis Apts’ |
28
25,040 |
$3,200,000
$127.80 |
08/27/2018
1985 |
$114,286 |
|
8 1/1, 54 2/1
|
| 2417 E Campbell Ave
Phx, ‘Campbell Apts’ |
24
15,252 |
$3,125,000
$116.45 |
08/30/2018
1960 |
$131,250 |
6.0
|
St. 2, 14 1/1, 8 2/1
Flip 12/15 $1,825,000 |
| 6725 N 17th Ave
Phoenix, ‘Level on 17th’ |
29
26,836 |
$3,125,000
$116.45 |
08/30/2018
1974 |
$107,759 |
|
1 1/1, 12 2/1, 16 2/2
Flip 12/16 $2,727,500 |
| 3311 N 18th St
Phx, ’18 on Eighteen’ |
18
35,449 |
$2,900,000
$169.59 |
04/26/2018
1979 |
$161,111 |
|
18 2/1.5
Flip 07/15 $1,995,000 |
| 3025 N 38th St
Phx, ‘Estilo’ |
15
12,950 |
$2,675,000
$206.56 |
08/13/2018
1971 |
$178,333 |
|
1 1/1, 14 2/1
Flip 6/16 $2,217,500 |
| 917 W Glendale Ave
Phx, ‘Sonoma West’ |
38
23,125 |
$2,555,815
$110.52 |
09/10/2018
1963 |
$67,258 |
|
St. 9, 19 1/1, 9 2/1, 9 2/1, 1 3/1
|
| 3109 N 36th St
Phoenix |
16
24,066 |
$2,525,000
$104.92 |
09/07/2018
1986 |
$157,813 |
|
2 1/1, 8 2/1, 6 3/1
|
| 704-724 W 5th
Phoenix |
17
10,597 |
$2,520,000
$237.80 |
07/05/2018
1984 |
$148,325 |
|
St. 2, 11 1/1,4 2/1
1031 Exchange, Flip 5/17 $1,750,000 |
|
CAP Cap Rate (NOI / Sales Price)
GSI Gross Scheduled Annual Income (Assumes 0% vacancy)
GRM Gross Rent Multiplier (Sales Price / GSI)
NOI Net Operating Income (Total income less vacancy and expenses)
the population growth.
Kasten Long Commercial Group: Scott Trevey, CCIM (480 205 0862), Linda Fritz-Salazar, Assoc. Broker (602 989 9487), Jim Kasten, CCIM (602 677 0655), Jan Long, CCIM (602 434 9882), Arvle Knight, CCIM (602 885 8000), Walter Unger, CCIM (520 975 5207), John Locke (480 432 7179), Jon Coffen (602 653 3600), Chris Norton (480 559 9775), David Flower (303 520 8545) and Angie Ritchie, KLCG Operations Manager (602 445 4112).
- Please contact :
- Jim Kasten, CCIM
- 602 445 4113 Office
- 602 677 0655 Cell
- Jim@KLCommGroup.com
“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ . ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME.
Office / Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Timeline of Arizona from 900 BC – 2017
FROM ME:
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME – Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net
“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ . ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME.
Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 12, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 5, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 28, 2018, Phoenix Arizona Metro.
APARTMENT CLOSINGS
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 26, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 19, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 21, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 14, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH August 31, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH August 24, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH August 17, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH August 10, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH August 10, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH August 3, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH July 27, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH July 20, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH July 13, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH July 6, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH June 29, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH June 22, 2018, Phoenix Arizona Metro.
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Office: 602-445-4112
Direct: 602-759-1209
Cell: 520-975-5207
Fax: 602-865-7461
8 Reasons You Should Invest in Land
Timeline of Arizona from 900 BC – 2017
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
ARIZONA FACTS – YEAR 1848 TO 2013
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
Click here to View My Listings and Profile
Click here to find out what is a CCIM:
Click here to view my website:
Click her to join my mailing list :
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Office: 602-445-4112
Direct: 602-759-1209
Cell: 520-975-5207
Fax: 602-865-7461
Check out my professional profile and connect with me on LinkedIn.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Reasons to Consider me for Commercial Referrals
Delivering the New Standard of Excellence in Commercial Real Estate
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The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.