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 Associate Editor Mallory Bulman.
Location: Yuba City, Calif.
Price: $39.7 million
Price/Unit: $230, 546.51
Building Size: 205,058 SF
Features: New construction; luxury finishes; designed for low maintenance and longevity; located a 45-minute drive from Sacramento, the state capital, and 35 minutes to Sacramento International Airport.
Contact: John Ochipinti, Aztec Real Estate & Developers, 530-674-2370
Location: Hollywood, Fla.
Building Size: 11,112 SF
Year Built: under construction/proposed as of 2016
Features: Six town homes each consisting of 1,852 SF; all units have three bedrooms and three bathrooms; amenities include 475-SF rooftop terraces with hot tub and BBQ area; located blocks from Hollywood Young Circle, a five-minute drive to Hollywood Beach, and within close proximity to the CBD and Downtown Hollywood.
Contact: Rafael Fermoselle, Avion Young, 305-299-4136
Location: Milwaukee, Wis.
Price: $4.3 million
Building Size: 26,734 SF
Year Built: 1929
Features: Located in desirable east side of Milwaukee, one block north of Brady Street business district; current ownership renovated vintage asset with new kitchens and baths and new windows in all units, and base improvements to the building; upgraded units offer turn-key investment in underserved market.
Contact: Matson Holbrook, MBH Investment Real Estate, LLC, 414-367-7748
Location: Denver, Colo.
Price: $6.9 million
Price/Unit: $173, 750
Building Size: 21,674 SF
Year Built: 1967
Features: Mix of one- and two-bedroom units with mountain views; 20 spaces of off-street parking; onsite laundry; secured entry; landscaped courtyard; located one block from the University of Denver campus, within walking distance of light rail station and a 10-minute drive to downtown Denver, Cherry Creek and Denver Tech Center; Bike Score of 88.
Contact: Kyle Malnati, Calibrate Real Estate, LLC, 303-358-4250
Location: South Pasadena, Calif.
Price: $10.6 million
Building Size: 27,203 SF
Year Built: 1961
Features: Unit mix includes more than 50 percent townhouse-style units and 50 percent oversized traditional layouts; unix mix consists of 11 two-bedroom/one-and-a-half-bath two-story townhouses, three two-bedroom/one-bathroom units, seven one-bedroom/one-and-a-half-bath two-story townhouses, four one-bedroom/one-bathroom units and five bachelor units with separate kitchen areas; all floorplans offer private patio or balcony; community amenities include a pool, laundry facility, elevator access, pond and fountain.
Contact: Kristopher German, RE/MAX Commercial, 909-294-2593