On the Market: 5 Interesting Listings for the Week of 5/8
This week's listings include a Phoenix garden-style community for $1 million and a well-designed urban property in Portland.
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.
Domain
Location:Â San Diego, Calif.
Net Rentable SF:Â 345,269
Units:Â 379
Avg. Unit Size: 910 SF
Built: 2012
Features: Two four-story buildings located above two-level subterranean parking garage; unit mix consists of 23 studios and 316 one-bedroom units; modern design by TCA Architects completed in 2012 by developer Wood Partners; two-story clubhouse with full teaching kitchen and lounge area; community amenities include outdoor patio, resort-style pool, fitness center, three courtyards and a two-acre park across the street; unit amenities include central heat and air, high ceilings, full-sized washers and dryers, gas stoves, granite countertops, private patios/balconies, soaking tubs in bathrooms and floor-to-ceiling windows in select units.
Contact:Â Ed Rosen, Berkadia, 858-257-4715
20 on Hawthorne
Location:Â Portland, Ore.
Rentable SF: 33,539
Units: 51
Avg. Unit Size: 658 SF
Avg. Rent: $1,670 ($2.54/SF)
Year Built: 2009
Features:Â Urban asset with luxury finishes; LEED Gold certification; one- and two-bedroom open floorplans with wood flooring, high ceilings, granite countertops and custom cabinetry; three ground-floor retail spaces including popular Little Big Burger restaurant; located in sought-after Hawthorne District neighborhood; located near transit and bikeways; close to major employment centers including The Central Eastside District, The Central Business District and OHSU.
Contact:Â Gail Neuburg, ARA Newmark, 503-575-9551
Waterleaf
Location:Â Vista, Calif.
Net Rentable SF: 399,440
Units: 465
Average Unit Size: 876 SF
Acreage: 19.9 acres
Built: 1984
Features: Moderate value-add opportunity in North San Diego submarket; located in the center of North San Diego County’s burgeoning employment hubs; unit amenities include washers and dryers, patios or balconies, air conditioning, storage space, carports and dishwashers; community amenities include fitness facilities with yoga and strength training, two swimming pools with cabanas, two spas, a basketball court, an outdoor kitchen with gas barbecues, a business center, a dog park with agility course, a playground and tennis court.
Contact:Â Ed Rosen, Berkadia, 858-257-4715
Sir John’s Apartments
Location:Â Phoenix, Ariz.
Price: $1.6 million
Units: 14
Price/Unit:$112,500
Year Built:Â 1967
Features: Garden-style community in South Arcadia neighborhood; value-add opportunity in high barrier to entry submarket; located 2.5 miles from Route 51 and within close proximity to Camelback Corridor, restaurants and retail; located 15 minutes from Phoenix Sky Harbor International Airport; units individually metered for electricity; each unit has two-bedroom/one-bathroom floorplan; ample parking; all units have sizable backyards.
Contact:Â Ryan Smith, ABI Multifamily, 602-761-9318
Walden Oaks
Location:Â Anderson, S.C.
Rentable SF:Â 261,438
Units: 240
Avg. Unit Size:Â 1,089 SF
Acres: 20.8
Year Built: 2007
Features:Â Located in Greenville-Spartanburg-Anderson market; strong area economic demand drivers; located close to retail amenities; interior upgrade potential of $84 monthly rent increase with suggested improvements; strong market and property fundamentals.
Contact: Alex Okulski, ARA Newmark, 919-590-4825
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