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.
Location: Tucson, Ariz.
Offering Price: $6.9 million
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
Location: Lompoc, Calif.
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
Location: Brooklyn, N.Y.
Offering Price: $2.2 million
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
Location: Chicago, Ill.
Offering Price: $7.1 million
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
Location: Walnut Hills, Ohio
Offering Price: $1 million
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