On the Market: 5 Interesting Listings for the Week of 9/25

3 min read

This week's listings include under-development condos in Olive Branch, Miss., and a brand-new, amenity-rich community in the Boston suburb of Allston, Mass.

On the Market is a 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.

850 Boca Raton Apartments Exterior850 Boca

Location: Boca Raton, Fla.

Units: 370

Occupancy: 62 percent

Year Built: 2017

Highlights: Property features a mix of 336 mid-rise homes averaging 1,093 SF with an average market rent of $2,171 and 34 three-bedroom townhomes with two-car garages averaging 1,736 SF with average market rents of $3,857; the property is 69 percent leased; expected to stabilize by January 2018; unit features include quartz countertops, stainless steel appliances, wood plank flooring, keyless entry and nine-foot ceilings; community amenities include an 11,000-square-foot clubhouse, 24-hour fitness center, beach-entry pool, outdoor cabanas, a lounge, grill stations, a pet spa and a dog park.

Contact: Robert Given, Cushman & Wakefield, 561-213-5297


glencoverGlen at Plantation Estates

Location: Olive Branch, Miss.

Price: $3.5 million

Units: 27

Avg. Rent: $1,197

Year Built: 2007

Highlights: Offering consists of 64 pad sites, of which 34 have been developed into condominiums; 27 condos are finished while the remaining 30 are pad sites; average unit size of 1,484 SF; located within DeSoto County School District, the largest and fastest-growing in the state; located within short commuting distances to employment areas the Downtown Memphis, the Medical Corridor and the Memphis Airport Aerotropolis Corridor.

Contact: Gray Fiser, ARA Newmark, 901-260-1154


Tempe-North-GIF-v2Tempe North Apartments

Location: Tempe, Ariz.

Price: $7 million

Price/Unit: $126,250

Units: 56

Highlights: Built in 1987 but renovated from 2015 to 2017; unit mix of seven percent three- and 93 percent two-bedroom apartments; units are individually metered for electricity and have individual hot water heaters; recently renovated exterior and selective upgrades on interior common areas leave opportunity to add value through additional interior renovations; full-size washers and dryers in four units with potential for six total; community amenities include renovated pool area, laundry room, bike racks, covered parking, common area WiFi, gated access and a new dog park; located near Arizona State University and transit options including the light rail and a bus line.

Contact: Doug Lazovick, ABI Multifamily, 602-714-1388


allston75 Braintree Street

Location: Allston, Mass.

Building Size: 93,000 SF

 

Units: 80

Built: 2017

Highlights: Located in Boston Landing neighborhood; mix of studio, one-, two-, and three-bedroom units; located within less than a five-minute walk from the new Boston Landing Commuter Rail Station; local amenities include Stop & Shop, Lulu’s Allston, Tavern in the Square, Deep Ellum, Lone Star Taco Bar and more; property has a 91 Walk Score out of 100; community amenities include common roof deck; enclosed vehicle and bike parking, on-site ZipCar, a dog spa, a community room with WiFi and a catering kitchen and on-site fitness center.

Contact: Chris Sower, Colliers International, 617-330-8141


brooklyn1205 New York Ave.

Location: Brooklyn, N.Y.

Price: $2.4 million

Price/Unit: $306,237.50

Building Size: 6,500 SF

Units: 8

Highlights: Built in 2009; all two-bedroom units; two parking spots; eight storage rooms; currently 100 percent occupied; unit features include an HVAC system, granite countertops and a jacuzzi tub; located in Flatbush neighborhood of Brooklyn on the Northeast corner of New York Avenue and Clarendon Road.

Contact: Andrey Yanoff, City Express Realty, 718-615-0200


All images and information are courtesy of respective brokers or brokerage firms.

You May Also Like

The latest multifamily news, delivered every morning.


Latest Stories

Like what you're reading? Subscribe for free.