On the Market: 5 Interesting Listings for the Week of 2/6
This week's listings include a micro-home community in Boulder, Colo., and a newly renovated modern property in Phoenix.
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:Â Boulder, Colo.
Price: $10.7 million
Price/Unit: $535
Building Size: 23,360Â SF
Units: 20
Features:Â Unique community of 20 modern micro homes; each home features a private entrance, gated landscaped yard and new renovations; renovations conducted in 2016 include updated exteriors and interiors, new windows, HVAC systems, kitchens appliances and bathrooms; property is 100 percent leased through July 2017; located in close proximity to restaurants, breweries, the Foothills Hospital, bike trails, a golf course, coffee shops and more; situated east of Central Boulder but close to Downtown.
Contact:Â Monica Van Matre, Prudential Rocky Mountain Realtors, 303-358-0336
Location:Â Long Beach, Calif.
Price: $1.4 million
Price/Unit: $127,272.73
Building Size: 6,688Â SF
Units: 11
Features:Â Vintage asset built in 1928; unique Spanish architecture; unit mix consists of seven studios, three one-bedroom/two bath units, and one three-bedroom/two-bath unit; separately metered for gas and electricity; three one-car garages and one two-car garages in addition to parking spaces; located within walking distance from shops, restaurants, cafes, entertainments centers and grocery stores.
Contact:Â Kevin King, Marcus & Millichap, 562-257-1200 x 1246
MODE Biltmore @ 27th Street N.
Location:Â Phoenix, Ariz.
Price: $3.5 million
Price/Unit: $175,000
Building Size: 15,626Â SF
Units: 20
Features:Â Developed in 1966 and 1970 but renovated in 2016; unit mix comprised of 20 two-bedroom/one-bathroom units; unit amenities include onsite laundry, new stainless steel appliances and walk-in closets in select units; community amenities include a gated area with a swimming pool, outdoor grilling station and outdoor seating; all apartments have covered parking and private patios; property is located close to Valley freeway system, the Biltmore, Camelback Corridor and Downtown Phoenix.
Contact:Â Chad Barber, Vestis Group, 602-281-6202 x 5
Location:Â Laguna Beach, Calif.
Price: $3.5 million
Price/Unit: $1,747,000
Building Size: 3,037Â SF
Units: 2
Features:Â Property consists of two townhouses with ocean views; each townhome has three bedrooms, and one home has one bathroom while the other has two; amenities include gourmet kitchens and outdoor living spaces; located six blocks from shops and restaurants and within a short distance to downtown.
Contact:Â Sheila Marsh, Coldwell Banker, 949-300-01818
Location:Â San Marcos, Texas
Price:Â undisclosed
Building Size: 102,180Â SF
Occupancy: 91 percent
Units: 116
Features:Â Property consists of 29 buildings on a landscaped 2.4-acre site; recent $2.6 million renovation; each 873-square-foot unit consists of two bedrooms and one-and-a-half baths and includes a full-size washer and dryer; located less than two miles from Texas State University and within a short walk from a campus shuttle stop, within minutes from San Marcos River and River City Park, and 5 miles from San Marcos Outlet Malls, one of the area’s largest employers.
Contact:Â Forrest Bass, HFF, 512-532-1964
