On the Market: 5 Interesting Listings for the Week of 3/13

This week's listings include a vintage asset constructed in 1930 and a luxury student housing property in Seattle.

By Mallory Bulman

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.

AVA University District 

Location: Seattle, Wash.

Apartment Units: 283

Beds: 384

Rentable SF: 201,389 

Retail SF: 11,832

Average Unit Size: 712 SF

Features: Located 0.2 miles from the University of Washington, the 13th largest university in the country; the college provides 6,901 beds while enrollment as of fall 2016 was 46,081; property built in 2013; occupancy currently at 95 percent.

Contact: Kevin Larimer, Berkadia, 248-341-3305


Wellesley Terrace

Location: Richmond, Va.

Total Monthly Income: $379,264 in January 2016

Lot Size: ~24.7 acres

Units: 340

Features: Community amenities include a clubhouse, fitness center, business center, swimming pool, volleyball court, two tennis courts, a playground, picnic area, a private lake, walking trails and free Wi-Fi in the clubhouse and pool areas; unit amenities include full-sized washers and dryers, walk-in closets and wood-burning fireplaces and/or patios in select units; unit mix consists of one-, two- and three-bedroom floor plans.

Contact: Will Mathews, Colliers International, 404-877-9285



Location: Washington, D.C.

Building Size: 132,319 SF

Parcel Size: .58 acres

Units: 129

Retail Space: 15,683 SF

Features: Located on southwest corner of 13th and U Streets across the street from the U Street Metro; luxury residences with 100 percent leased ground-floor retail space; under construction and due for completion by late second- or early third-quarter 2017; convenient access to employers like The World Bank, Advisory Board Co., Hogan Lovells and the International Monetary Fund.

Contact: Drew White, ARA Newmark, 202-664-5890


The Esquire

Location: Sacramento, Calif. 

Price: $2.7 million

Price/Unit: $211,538.46

Building Size: 7,409 SF

Units: 13

Features: Property was renovated in the early 2000s including a complete exterior and interior upgrades; unit mix consists of owner’s unit with two bedrooms and two bathrooms and a washer/dryer, five studios and seven one-bedroom/one-bathroom units; located in the R Street Corridor in the heart of Sacramento’s art, hospitality, entertainment and cultural district; located within walking distance to the State Capital; bike storage available in basement.

Contact: Jim Drazenovich, Brittain Commercial, 916-561-0204


18th Street Plaza Apartments

Location: Kansas City, Kan.

Price: $1.6 million

Price/Unit: $39,523.81

Building Size: 30,036 SF

Units: 42

Lot Size: 33,498 SF

Features: Three-story historic property built in 1930; recently renovated except for basement; located between Washington Ave. and State Ave., two main arteries in Kansas City.

Contact: Lou Serrone, Block Real Estate Services, 816-412-8463

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