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: Philadelphia, Penn.
Offering Price: $27.5 million
Year Built: 2012
Features: All units have individual bedrooms; ground-up student housing construction on Temple University Main Campus; adjacent to football facility Chodoff Field; 90 percent four-bedroom/two-bath units; 82 percent of units have balconies; all units fully furnished; community amenities include a fitness center, garage parking, 24-hour security, game room and laundry and TV lounges on each floor.
Contact: Rittenhouse Realty Advisors, 215-454-2852
Location: Anaheim, Calif.
Building Size: 75,116 SF
Year Built: 1969
Features: Walking distance from grocers, retailers, dining on North Euclid Street; current ownership invested $1 million in upgrades during past 18 months; rent growth opportunity; located south of Disneyland Park, the region’s largest employer; area population has increased 8 percent since 2000.
Contact: Stewart I. Weston, Marcus & Millichap, 949-419-3287
Location: Seattle, Wash.
Offering Price: $13.2 million
Year Built: 2014
Features: Located in 12th Avenue neighborhood adjacent to downtown Seattle; energy-efficient design; units individually metered for water and electricity; walking distance from employers, shopping and dining as well as local groceries and pharmacies; Walk Score of 96; two blocks from new Light Rail station.
Contact: Joe Levin, Colliers International, 206-223-5583
Location: Alhambra, Calif.
Offering Price: $5.9 million
Year Built: 1959
Features: Community consists of two two-story buildings, which are separately metered for gas and electric and serviced by central water heaters; gated, controlled-access property; community amenities include on-site laundry facility, pool, BBQ area and 34 covered parking spaces; unit mix consists of 33 one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit.
Contact: Priscilla Nee, CBRE, 310-550-2508
Location: North Attleboro, Mass.
Offering Price: $1.1 million
Year Renovated: 1989
Features: Easy access to Route 495 and commuter train; property consists of two separate buildings and one laundry facility; each unit (except one studio) includes a garage space and outdoor parking spot; unit mix is one studio, five one-bedroom units, two two-bedroom units; current rents range from $735 to $1250; renovations include new roofs in 2005, new garage roofs and doors in 2014, new gas system in 2014, new hot water heater in 2013 and laundry room remodel in 2015.
Contact: Barbara Martin, Rich Real Estate, 508-561-8425