On the Market: 5 Interesting CRE Listings for the Week of 6/20
This week's most interesting CRE listings feature a property with ocean views in Pacific Palisades, Calif., and a North Las Vegas community that's seeing double with two pools and two spas.
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.
Casa Bellisima
Location: Glendale, Ariz.
Offering Price: $14.2 million
Price/Unit:Â $51,630
Units:Â 276
Year Built: 1983
Features: Mix of studio, one- and two-bedroom units; individual metering for electricity and water; strong in-place NOI; offered all-cash/new loan; 95 percent occupancy.
Contact: Alon Shnitzer, ABI Multifamily, 602-714-1283
Newport Village
Location:Â North Las Vegas, Nev.
Building Size: 363,320 SF
Units:Â 336
Year Built:Â 2000
Features:Â Average square footage of units is 1,080 SF; unit amenities include in-unit washer/dryers, microwaves, private balconies or patios and outside storage; community amenities include a fitness center, clubhouse, playground, two swimming pools, two spas, and 840 total parking spaces; located in close proximity to Downtown Las Vegas, the Las Vegas Strip and McCarran International Airport.
Contact: Patrick Sauter, NAI Vegas, 702-534-1700
Broadway Heights Apartments
Location: Mesa, Ariz.
Offering Price: $11.5 million
Price/Unit:Â $74,323
Units:Â 155
Year Built: 1983
Features: Mix of studio, one- and two- bedroom garden-style units; value-add opportunity through interior and exterior renovations; units individually metered for electricity; close proximity to Arizona State University and Mesa Community College; near major thoroughfares the Loop 101, 202 and US 60 freeways; located one mile from light rail; offered all-cash/new loan.
Contact: Alon Shnitzer, ABI Multifamily, 602-714-1283
17010 & 17020 W. Sunset Blvd.
Location:Â Pacific Palisades, Calif.
Offering Price: $26.5 million
Price/Unit:Â $679,487.18
Units:Â 39
Features:Â A+ location; mix of one- and two-bedroom units, some of which have been renovated and have ocean views; lot is nearly one acre; community amenities include swimming pool and sundeck overlooking ocean; significant upside in rents.
Contact: Hamid Soroudi, Charles Dunn Company, 310-492-8403
 
Cave Mill Apartments
Location:Â Bowling Green, Ky.
Offering Price: $22.9 million
Price/Unit:Â $103,049.33
Units:Â 223
Year Built:Â 2012
Features:Â Luxury, market-rate community; unit amenities include built-in computer desks, washers and dryers, double vanities and direct-access garages; community center includes a pool, business center with computer and printer stations, WiFi, a fitness center, theater room with stadium seating and a playground; located close to Greenwood Mall and new retail strips and restaurants.
Contact: Rob Schick, Revel & Underwood, Inc., 317-403-1205
