On the Market: 5 Interesting CRE Listings for the Week of 8/15
This week's selections include a Victorian-era building in downtown Bangor, Maine and an infill site near Arizona State University in Tempe, Ariz.
On the Market is a weekly department curating the most interesting recent 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.
Apache Palms Infill Site
Location: Tempe, Ariz.
Offering Price: $9.5 million
Price/SF: $43.58
Acres: 5
Features: Across the street from McClintock/Apache light rail station; well-suited for residential or mixed-use development; located approximately one mile from Arizona State University campus and Tempe Marketplace; located approximately 2.5 miles from new State Farm business complex; located in close proximity to Tempe Town Lake.
Contact: Patrick Burch, ABI Multifamily, 602-344-9197
Chateau Louise
Location: Glendale, Calif.
Offering Price: $3.1 million
Price/Unit: $260,416.67
Units: 12
Year Built: 1936
Features: Located 12 miles north of downtown Los Angeles; situated on 0.17 acres within a rentable area of 7,325 square feet; unit mix consists of two studios and 10 one-bedroom/one-bathroom apartments within overall average unit size of 613 square feet; non-rent controlled units with upside potential for rent.
Contact: Jim Fisher, Berkadia, 310-209-3247
802-803 W. College Blvd.
Location: Addison, Ill.
Offering Price: $19.6 million
Price/Unit: $93,333.33
Units: 210
Features: Community consists of two- and three-building clusters situated on a parcel with 375 parking spaces; each building consists of a mix of three two-bedroom/one-bathroom units and three one-bedroom/one-bathroom apartments; offers opportunity for repositioning and rebranding; located in Bloomingdale Township of DuPage County; located in close proximity to I-355, I-290, Bloomingdale Golf Club, Kenroy Park and Swift Meadows Forest Preserve.
Contact: John Meyer, Kiser Group, 773-293-5010
The Aspens Townhomes
Location: Williston, N.D.
Offering Price: $5.7 million
Price/Unit: $122,340.43
Units: 47
Features: Townhome-style living; average unit size of 1152 square feet; unit mix consists of 46 three-bedroom/two-bathroom and one two-bedroom/two-bathroom unit; each unit has a large, attached, heated two-car garage; entrance to townhomes opens to landscaped courtyard.
Contact: Matt Olson, Property Resources Group, 701-200-7691
28 Broad St.
Location: Bangor, Maine
Units: 18
Year Built: 1900
Building Size: 22,816 SF
Features: Located in heart of downtown Bangor; community amenities include intercom guest entry, on-site parking, elevators, laundry service and individual storage; unit amenities include heat and air conditioning with custom climate control, stainless steel appliances and custom woodwork; currently fully leased with new tenant waiting list.
Contact: Mike Cobb, Cardente Real Estate, 207-775-7363
