On the Market: 5 Interesting CRE Listings for the Week of 7/18

This week's listings include a new-construction community in Chicago and a vintage but recently renovated property in Ohio.

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.

greensThe Greens at Ventana Canyon

Location: Tucson, Ariz.

Offering Price: $6.9 million

Price/Unit: $120,000

Units: 58

Year Built: 2006

Features: Community amenities include three pools, clubhouse and fitness center; adjacent to Loews Ventana Canyon Resort; overlooks two golf courses; located blocks from dining, shopping and La Encantada Mall; majority two-bedroom/two-bath and three-bedroom/two-bath units; high-end upgrades in units with scenic views.

Contact: Rue Bax, ABI Multifamily, 602-714-1406

woodstoneWoodstone Apartment Homes

Location: Lompoc, Calif.

Units: 204

Year Built: 1985

Features: Average market occupancy is 95-98 percent; area rents increased 7.3 percent since 2015; area job growth expected to increase 4.2 percent by 2018.

Contact: Robin D. Ossenbeck, Berkadia, 310-470-1667

bk483 Hicks Street

Location: Brooklyn, N.Y.

Offering Price: $2.2 million

Price/Unit: $562,500

Units: 4

Building Size: 3,000 SF

Features: Configured as three-family property with a two-bedroom/two-bath duplex on the first two floors and one-bedroom units on the third and fourth floors; backyard; roof deck; located in close proximity to Columbia Waterfront, Brooklyn Bridge, Brooklyn Heights and Red Hook.

Contact: Danielle Lattarulo, 347-335-7721

chiHuron Place Apartments

Location: Chicago, Ill.

Offering Price: $7.1 million

Price/Unit: $595,833.33

Units: 12

Year Built: 2015

Features: Boutique apartment building with 12 two-bedroom/two-bath units; 12-car heated garage; all apartments have 10-foot ceilings, bamboo floors, granite countertops, stainless steel appliances, in-unit laundry and balconies; fourth-floor penthouse units have access to private roof decks; all units submetered for tenant-paid heat, hot water, gas and electric.

Contact: Jack Cassin, Apartment Investment Advisors, 773-799-9298

efEdgecliff – Francis

Location: Walnut Hills, Ohio

Offering Price: $1 million

Price/Unit: $87,500

Units: 12

Building Size: 9,460 SF

Features: All units built between 1930-1937; unit mix consists of eight one-bedroom apartments and four two-bedroom; select units have enclosed porches; most recent unit renovation conducted in 2015 and 2016; community located amongst high-end residential single-family and high-rise condos in East Walnut Hills neighborhood; currently 100 percent occupied.

Contact: Jeffrey Dilbone, Investment Property Advisors, 513-489-1500


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