On the Market: 5 Interesting Listings for the Week of 1/4
This week's listings include two contiguous waterfront properties on Florida's Isle of Capri and a newly constructed community near Fresno's High Speed Rail.
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: Fresno, Calif.
Price: $8.1 million
Price/Unit: $150,000
Building Size: 42,404 SF
Units: 54
Features: Built in 2015; one on-site retail space; units feature quartz counters, plank flooring, stainless steel appliances and gated entry; unit mix consists of one-, two- and three-bedroom apartments with patios or balconies; in up-and-coming neighborhood home to High Speed Rail and Fulton Street Mall; located within walking distance to City Hall, County and Federal Government buildings, IRS Regional Center, the Federal Courthouse, Fresno Convention Center and major law firms.
Contact: Robin Kane, Berkadia Real Estate Advisors, 559-761-0020
Location: Las Cruces, NM
Price: $1.9 million
Price/Unit: $34,821.43
Building Size: 42,589 SF
Units: 56
Features: Portfolio consisting of three adjoining properties with 56 units; unit mix of 18 one-, 32 two-bedroom and one studio apartments; all building roofs recently replaced; located within 0.4 miles from downtown Las Cruces revitalization project.
Contact: Alan Chastine, Pinnacle Investment Properties, 575-532-1290
Location: Los Angeles, Calif.
Price: $3.5 million
Price/Unit: $449,285.71
Building Size: 6,867 SF
Units: 7
Features: Fully renovated community in Silverlake/Sunset Junction neighborhood; units feature luxury finishes; community is gated and has six on-site parking spaces; unit mix consists of two one-bedroom/one-bath, one two-bedroom/two-bath and four three-bedroom/two-bathroom apartments; located in close proximity to Hollywood, restaurants, retailers and nightlife; rent-controlled property.
Contact: Sean Rosenzweig, Marcus & Millichap, 213-943-1897
Location: Bend, Ore.
Price: $5.4 million
Price/Unit: $299,699.17
Building Size: 37,140 SF
Units: 18
Features: Recently-completed townhome community with a total of 24 homes, six of which have been sold to individual buyers; townhomes have three bedrooms and two-and-a-half bathrooms and range in size from 2,044 SF to 2,086 SF; located within walking distance to Old Mill District, shopping, trails and a dog park; located 2.2 miles from University of Oregon-Cascade.
Contact: Tresa Dalton, McKinney Advisory Group, 858-519-3253
Location: Treasure Island, Fla.
Price: $3.2 million (for both properties)
Price/Unit: $139,043.48
Building Size: 22,700 SF
Units: 23
Features: Community consists of two contiguous waterfront apartment buildings in Treasure Island, Isle of Capri; all units are renovated, and large with waterfront views; condo conversion potential; walking distance to beaches and a neighborhood park; on-site laundry; fishing docks; properties are available for sale together or separately.
Contact: John Barkett, Barkett Realty, 727-388-9500 ext. 21
