On the Market: 5 Interesting CRE Listings for the Week of 8/8
This week's listings include a sprawling luxury property in Sherman Oaks, Calif., and a unique vintage community in Pittsburgh.
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.
The Jax Apartments
Location: Tigard, Ore.
Offering Price: $6 million
Price/Unit:Â $153,846.15
Units:Â 39
Features:Â Unit mix includes one- and two-bedroom flats and two- and three-bedroom townhomes; 36 percent of total units have undergone recent renovations; renovated units have surpassed 15 percent rent increases; located in walking distance from downtown and less than a mile from main thoroughfare; adjacent to Fanno Creek Natural Area.
Contact:Â Greg Frick, HFO Investment Real Estate, 971-717-6332
Fall Creek Village
Location:Â Harrah, Okla.
Offering Price: $4.3 million
Price/Unit:Â $432,500
Units:Â 10
Year Built: 2014
Features:Â Consists of 10 two-story four-plexes; all units are three-bedroom/two-bathroom units with private outdoor space; located 20 minutes from downtown Oklahoma City; located near Tinker Air Force Base, the largest jet engine manufacturer in the country.
Contact:Â Grant Stewart, Wiggin Properties, 918-582-8100
Jacksonian Apartments
Location:Â Pittsburgh, Penn.
Offering Price: $1.6Â million
Price/Unit:Â $80,000
Units:Â 20
Year Built:Â 1920
Features: Community amenities include onsite laundry, storage lockers and off street parking; units are submetered for gas and electric; unit mix includes one-bedroom, two-bedroom and three-bedroom apartments.
Contact:Â Jay Adams, 412-559-4706
Mosaic Apartments
Location:Â Castro Valley, Calif.
Offering Price: $19.5 million
Price/Unit:Â $315,000
Units:Â 62
Year Built:Â 1961
Features: Community amenities include a landscaped courtyard, covered carport parking, onsite laundry services, gated electronic entrance, 24-hour emergency maintenance and a dog park; unit amenities include ceiling fans, oak cabinets, granite counter tops and private patios or balconies; 30 of 62 units have been recently renovated.
Contact:Â Adam Levin, Marcus & Millichap, 650-391-1782
Patio Del Cielo
Location:Â Sherman Oaks, Calif.
Offering Price: $18.5 million
Price/Unit:Â $596, 774.19
Units:Â 31
Year Built:Â 2010
Features: Located within easy access to the 405 and 101 Freeways; walking distance to restaurants, boutique shopping and services on Ventura Boulevard; unit mix consists of 30 two-bedroom/two-bath apartments and one large three-bedroom/two-bath unit; community amenities include convenient rent payment kiosk, elevator access, rooftop deck, subterranean parking, 24-hour surveillance.
Contact: Brett Sanson, Marcus & Millichap, 818-212-2785
