On the Market: 5 Interesting CRE Listings for the Week of 6/27

This week's listings include a newly constructed community in Oklahoma City and an under-construction property in an Austin suburb.

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.

haineswayHainesway Apartments

Location: Rapid City, S.D.

Offering Price: $12 million

Price/Unit: $49,180.33

Units: 244

Year Built: 1974

Features: Centrally located south of Interstate 90; value-add opportunity; unit mix consists of one-, two- and three-bedroom apartments; property sits on 11.2 acres; 68 garage stalls and 401 parking spots.

Contact: Sandra Runde, Keller Williams Realty Black Hills, 605-343-7500

silverlakeSilver Lake

Location: Fresno, Calif.

Offering Price: $17.5 million

Price/Unit: $69,444.44

Units: 252

Year Built: 1985

Features: Situated on 17.33 acres; major renovations completed since 2003, with current ownership executing $630,000 in capital improvements since 2013; recent upgrades include fresh exterior paint, an updated leasing office and business center, new irrigation, a resurfaced pool with new tile and updates to the fitness room and resident lounge; unit mix of 100 percent two- and three-bedroom apartments; located close to Fresno Yosemite International Airport, Fresno Pacific University, and downtown Fresno.

Contact: Robin Kane, Berkadia Real Estate Advisors, 559-761-0020

cornerbrookCornerbrook Cottages

Location: Round Rock, Texas

Offering Price: $35.1 million

Price/Unit: $123,453.28

Units: 285

Year Built: 2017 (under construction)

Features: Class A community; located in Austin suburb of Round Rock, rated first on Livability.com‘s list of 10 Best Affordable Places to Live 2015; major area employers include Dell, Apple, eBay and Google.

Contact: George Kaleh, Cornerbrook Development Co., 713-806-0562

racquetRacquet Club Apartments

Location: Lancaster, Calif.

Building Size: 181,520 SF

Occupancy: 99 percent

Units: 200

Year Built: 1974

Features: Directly adjacent to Antelope Valley Hospital, one of the area’s largest employers, and SR-14, a primary transportation hub; select units offer washers and dryers; approximately $200 premium currently achieved on recent leases.

Contact: Javier Rivera, JLL Southern California Multifamily Group, 213-239-6213

xtimberCross Timber Apartments

Location: Oklahoma City, Okla.

Offering Price: $17.2 million

Price/Unit: $115,133.33

Units: 150

Year Built: 2015

Features: Newly constructed community; located within South Oklahoma City and Moore School District; area is home to high-end commercial and residential developments, office and medical facilities.

Contact: Mike Buhl, Commercial Realty Resources Company, 405-360-5966

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