On the Market is a new department curating the week’s most interesting 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 Mallory Bulman, Associate Editor.
Location: Glendale, Ariz.
Price: $15.8 million
Year Built: 1985
Highlights: Unit mix of 48 percent two-bedroom, 40 percent one-bedroom and 12 percent studio units; opportunity for added value through exterior and interior renovations; individually metered for electric; located near the University of Phoenix stadium and Westgate Entertainment District.
Contact: Eddie Chang, ABI Multifamily, 602-714-1398
Location: San Francisco, Calif.
Building Size: 35,000 SF
Lot Size: 10,646 SF
Year Built: 2015
Highlights: All units separately metered and furnished with stainless steel appliances, a washer/dryer and heat and air conditioning unit; community amenities include a bamboo garden courtyard, a rooftop deck and resident lounge; pet-friendly; close proximity to piers on the San Francisco Bay, Union Square Financial District, buses and BART.
Contact: Michelle Lin, 925-705-5019, stevensonlofts.com
Location: Tucson, Ariz.
Price: $9.1 million
Year Built: 1980
Highlights: Units renovated in 2015; mix of one- and two-bedroom layouts; individually metered for electric; prime East Tucson location.
Contact: Alon Shnitzer, ABI Multifamily, 602-714-1283
Location: North Hollywood, Calif.
Price: $24.3 million
Building Size: 78,317 SF
Year Built: 1989
Highlights: Unit mix of 15 one-bedroom/one-bath, 12 two-bedroom/two-bath, 18 two-bedroom/one-and-a-half-bath and 15 three-bedroom/two-bathroom units; community amenities include a swimming pool, courtyard with meditation area, onsite laundry, controlled building access and subterranean parking; unit amenities include central air conditioning and heating and private balconies or patios; close to North Hollywood Metro station and freeway system.
Contact: Paul Darrow, Marcus & Millichap, 213-943-1839
Location: Philadelphia, Penn.
Building Size: 283,919 SF
Parking Spaces: 40
Retail Space: ~10,000
Highlights: Luxury, urban high-rise; located three blocks from Temple University; located two stops on the SEPTA rail from Center City; Girard SEPTA station located one block from building entrance.
Contact: John Mcfadden, CBRE, 610-251-5118