On the Market: 5 Interesting CRE Listings for the Week of 5/9
This week's listings include a quirky Austin community and a converted Boston schoolhouse originally built in 1850.
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.
Glasdore Lofts
Location: San Francisco, Calif.
Price: $32.5 million
Price/Unit:Â $773,809.52
Units: 42
Building Size:Â 38,618 SF
Highlights: Unit mix of studios, one-bedroom, two-bedrooms and three-bedroom units; common amenities include parking, storage, a gym and a rooftop deck overlooking downtown San Francisco; location in close proximity to shops and restaurants on nearby Market and Hayes Streets; transit lines in the neighborhood; select units offer city views and private decks.
Contact: James Devincenti, Colliers International, 415-288-7848
University Courtyard
Location: Athens, Ohio
Built: 2001
Units: 182
Beds: 580
Building Size: 216,000 SF
Highlights: Well-positioned for student renters due to location near Ohio University; fully-furnished apartments with a full bed, desk, dresser and nightstand in the bedroom and a living area with a couch, chair, coffee table, TV stand and dining set; Athens Public Transit nearby.
Contact: Kevin Markielowski, Housing for Ohio, 740-593-2579
The Parker
Location: Austin, Texas
Built: 1966
Renovated: 2015
Units: 152
Building Size: 97,762 SF
Occupancy: 95 percent
Highlights: Visibility and frontage on Lamar Boulevard; proximity to Downtown Austin, the University of Texas, interstate 35 and Mopac Expressway; unique urban retro design scheme; common amenities include two pools with cabanas, bars and outdoor TVs, courtyards with private fire pits, lounge areas, croquet and a projector for community events.
Contact: Forrest Bass, HFF, 512-532-1964
Timbers of Cranbrook
Location: Houston, Texas
Built: 1983
Price: $18 million
Price/Unit: $69,767.44
Units: 258
Building Size:Â 198,100 SF
Highlights: Recent renovations included full-exterior paint, new countertops, fixtures, lighting and flooring; rents currently below market levels; convenient access to I-45, Beltway 8, and George Bush Intercontinental Airport; near major employers like the Ashley Furniture distribution center, HP and Exxon Mobil’s new corporate campus.
Contact: Jerad Rector, Worldwide Commercial PLLC, 817-975-3965
Schoolhouse at Lower Mills
Location: Boston, Mass.
Built: 1850
Renovated: 2008
Units: 62
Highlights: Renovated two-story schoolhouse built in 1850 with new construction additions; unit mix of one- and two-bedroom units; luxury finishes like granite countertops, stainless steel appliances, in-unit laundry and high ceilings; walking distance from Star Market and MBTA Red Line stations and bus stops.
Contact: Chris Sower, Colliers International, 617-330-8141
