On the Market: 5 Interesting Listings for the Week of 7/17
This week's listings include a historic property in Staten Island and a speculative condo development deliverable with full entitlement in Scottsdale, Ariz.
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.
Fountain Villa Apartments
Location: Hawthorne, Calif.
Price: $12.1 million
Acreage: 38,971 SF
Total SF: 46,088
Features: Amenities include a pool, spa, outdoor seating and a grilling area; community consists of 11 studios, 50 one-bedroom/one-bathroom, 11 two bedroom/one-bathroom and one two-bedroom/two-bathroom units; units range in size between 500 and 800 SF; security features include gated parking, controlled access and video surveillance.
Contact: Steffan Braunlich, Berkadia, 424-239-5903
Arium Shelby Farms
Location: Memphis, Tenn.
Avg. Rent: $696
Avg, Unit Size: 911 SF
Rentable SF: 944,293
Features: Located three miles from Germantown Parkway, the largest retail corridor in Memphis; significant upside available through interior upgrades; close proximity to county park.
Contact: Blake Pera, ARA Newmark, 901-260-1156
Location: Scottsdale, Ariz.
Price: $1.7 million
Lot SF: 36,750
Features: 16 unit luxury condo opportunity; deliverable with full entitlements and product design; three large floorplans with attached garages; located one mile from Scottsdale Fashion Square and Scottsdale Entertainment District.
Contact: Patrick Burch, ABI Multifamily, 602-344-9197
Campus East Apartments
Location: Greensboro, N.C.
Price: $2.2 million
Building Size: 40,500 SF
Features: Student housing with 144 beds; each unit has four bedrooms and four private baths as well as washers and dryers; gated entry and on-site security cameras; on-site management team and 24-hour on-call emergency maintenance.
Contact: Mike Fowler, Brown Investment Properties, 336-541-5514
17-19 St. Marks Place
Location: Staten Island, N.Y.
Price: $1.3 million
Building Size: 5,390
Features: Historic landmarked property located in St. George neighborhood in Staten Island; located a few blocks from the Staten Island Ferry, Future Empire Outlets, the Lighthouse Museum and Downtown Staten Island; three-story walk-up with hardwood floors, high ceilings and spacious units; all units individually metered; apartments are fully occupied.
Contact: Christopher Long, Gateway Arms Realty Corp., 718-273-3800
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