On the Market: 5 Interesting Listings for the Week of 3/13
This week's listings include a vintage asset constructed in 1930 and a luxury student housing property in Seattle.
By Mallory Bulman
On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
Location: Seattle, Wash.
Apartment Units: 283
Beds: 384
Rentable SF: 201,389
Retail SF: 11,832
Average Unit Size: 712 SF
Features: Located 0.2 miles from the University of Washington, the 13th largest university in the country; the college provides 6,901 beds while enrollment as of fall 2016 was 46,081; property built in 2013; occupancy currently at 95 percent.
Contact: Kevin Larimer, Berkadia, 248-341-3305
Location: Richmond, Va.
Total Monthly Income: $379,264 in January 2016
Lot Size: ~24.7 acres
Units: 340
Features: Community amenities include a clubhouse, fitness center, business center, swimming pool, volleyball court, two tennis courts, a playground, picnic area, a private lake, walking trails and free Wi-Fi in the clubhouse and pool areas; unit amenities include full-sized washers and dryers, walk-in closets and wood-burning fireplaces and/or patios in select units; unit mix consists of one-, two- and three-bedroom floor plans.
Contact: Will Mathews, Colliers International, 404-877-9285
Location: Washington, D.C.
Building Size: 132,319 SF
Parcel Size: .58 acres
Units: 129
Retail Space: 15,683 SF
Features: Located on southwest corner of 13th and U Streets across the street from the U Street Metro; luxury residences with 100 percent leased ground-floor retail space; under construction and due for completion by late second- or early third-quarter 2017; convenient access to employers like The World Bank, Advisory Board Co., Hogan Lovells and the International Monetary Fund.
Contact: Drew White, ARA Newmark, 202-664-5890
Location: Sacramento, Calif.
Price: $2.7 million
Price/Unit: $211,538.46
Building Size: 7,409 SF
Units: 13
Features: Property was renovated in the early 2000s including a complete exterior and interior upgrades; unit mix consists of owner’s unit with two bedrooms and two bathrooms and a washer/dryer, five studios and seven one-bedroom/one-bathroom units; located in the R Street Corridor in the heart of Sacramento’s art, hospitality, entertainment and cultural district; located within walking distance to the State Capital; bike storage available in basement.
Contact: Jim Drazenovich, Brittain Commercial, 916-561-0204
Location: Kansas City, Kan.
Price: $1.6 million
Price/Unit: $39,523.81
Building Size: 30,036 SF
Units: 42
Lot Size: 33,498 SF
Features: Three-story historic property built in 1930; recently renovated except for basement; located between Washington Ave. and State Ave., two main arteries in Kansas City.
Contact: Lou Serrone, Block Real Estate Services, 816-412-8463
