On the Market: 5 Interesting Listings for the Week of 7/03/17
This week's listings include a recently renovated community in San Antonio and a rustic condo asset located right off the slopes in Steamboat Springs, Colo.
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.
Woodfield Glen
Location: Raleigh, N.C.
Units: 233
Rentable SF: 230,530
Avg. Unit Size: 989 SF
Built: 2008
Features: Elevator-serviced manor buildings with carriage house units; located in heart of Raleigh in core-plus/value-add opportunity; garden and pool; located close to Crabtree Valley Mall and Brier Creek; discount to replacement cost and recent trades.
Contact: Dean Smith, ARA Newmark, 704-926-4430
Bay Ritz
Location: Miami, Fla.
Price: $2.6 million
Price/Unit: $530,000
Building Size: 13,605 SF
Units: 5
Features: Under-construction condo development in North Beach; unit mix of five three-bedroom/two-and-a-half-bath townhouses; amenities include secure covered parking, private roof terraces, views of Biscayne Bay, the Miami Skyline and Miami Beach; construction slated for completion in early 2018.
Contact: Neal Deputy, The Keyes Company, 305-467-4026
The Preserve at West Caldwell
Location: West Caldwell, N.J.
Building Size: 39,846 SF
Units: 30
Built: 2016
Features: All two-bedroom/two-bathroom units; fully leased; average rents are less than market comparisons; affluent suburban location; 16 miles from Manhattan.
Contact: Joni Sweetwood, Kislak, 732-750-3000
Nest Apartments
Location: San Antonio, Texas
Price: $10 million
Price/Unit: $67,567.57
Building Size: 19,594 SF
Units: 148
Features: Located less than one mile from San Antonio International Airport and North Star Mall; property underwent $3 million in renovations including new roofs, paint, solar screens, siding, a remodeled fitness center, clothing-care facility, leasing center, lighting, landscaping, pool and common area amenities.
Contact: Will Caruth, Berkadia Real Estate Advisors, 210-835-5774
Thunder Mountain Condos
Location: Steamboat Springs, Colo.
Price: $3.6 million
Price/Unit: $225,000
Building Size: 13,000 SF
Units: 16
Features: Located minutes from Steamboat Ski Resort; all units in good condition; interior lobby with hot tub, sauna, pool table and lounge; parking lot with 16 spaces; comes fully furnished.
Contact: Jon Sanders, Ski Town Commercial Real Estate, 970-871-0002
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