On the Market: 5 Interesting Listings for the Week of 6/5/17

This week's listings include a charming 1911-built villa in Portland and a lushly landscaped duplex in Los Angeles' Laurel Canyon.

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.

park mesaPark Mesa Apartments

Location: Mesa, Ariz.

Price: $3.6 million

Price/Unit: $91,667

Price/SF: $117.02

Units: 42

Features: Garden-style units; built in 1984; unit mix of 74 percent two-bedroom and 26 percent one-bedroom units; average unit size of 783 SF; located adjacent to Joseph Reed Park; units individually metered for electricity and hot water; value-add opportunity available upon completion of interior renovations. 

Contact: Rue Bax, ABI Multifamily, 602-714-1406

fieldsThe Fields Patriot Parkway

Location: Rock Hill, S.C.

Units: 106

Year Built: 1994

Rentable SF: 116,876

Avg. Unit Size: 1,103 SF

Features: Situated on 9.5 acres; proven value-add opportunity; discount compared to recent trades and replacement cost; rent and additional income growth potential; recent renovations include new roofs, hard-plank siding, a fitness center, dog park and resident lounge. 

Contact: Jason Kon, ARA Newmark, 704-926-4440

nebraskaThe Links at Lincoln

Location: Lincoln, Neb.

Units: 612

Beds: 1,020

Year Built: 2006-2007

Rentable SF: 547,748

Avg. Unit Size: 895 SF

Features: Student housing asset located within miles of University of Nebraska; situated on 103.53 acres and surrounded by a golf course; lease includes membership to course and unlimited golf; amenities include a clubhouse, business center, pools and sauna; each unit has a full-size washer and dryer; currently 98 percent occupied. 

Contact: Ryan Lang, ARA Newmark, 512-637-1296

villa serenaVilla Serena

Location: Portland, Ore. 

Units: 21

Price: $3.9 million

Price/Unit: $188,095.24

Building Size: 9,184 SF

Year Built: 1911

Features: Two-story asset with basement; unit mix consists of 16 studios and 5 commercial offices; tenants have option of renting fully furnished units; furnished units come with beds, linens, dressers, appliances, artwork, TVs, cookware and utensils; units individually metered for heat and air conditioning; location boasts 96 walk score and 97 bike score. 

Contact: Greg Frick, HFO Investment Real Estate, 503-241-5541

mannixMannix Drive Duplex

Location: Los Angeles, Calif. 

Units: 2

Price: $1.5 million

Price/Unit: $747,500

Building Size: 2,025 SF

Year Built: 1966

Features: Located in Laurel Canyon; comprised of two separate homes on one lot; one house is a three-bedroom/two bath and the other has one-bedroom and one bath with bonus unit; larger house rents for $3,850/month and the smaller rents for $3,000/month; one common garage with space for three vehicles; outdoors have lush landscaped gardens and a path connecting the residences; located minutes from Sunset Strip and one block from the Canyon Country Market and Pace Restaurant.

Contact: Mason Canter, KW Commercial, 310-722-3161

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