On the Market: This Week’s 5 Most Interesting CRE Listings
Check out this week's most interesting CRE listings across the country.
On the Market is a new department curating the week’s most interesting 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 Mallory Bulman, Associate Editor.
Mallard Pointe Apartments
Location: Belvedere, Calif.
Offering Price: $22.5 million
Price/Unit: $1,022,727
Price/SF: $1,000
Units: 22
Year Built: 1955
Highlights: Located within an enclave of 22 residences; 16 of 22 units have private gardens with lagoon-side docks on Belvedere Lagoon.
Contact: Ryan Wagner, Colliers International, 415-288-7865
William Penn Apartment Homes
Location: Los Angeles, Calif.
Price: $17.8 million
Building Size: 254,099 SF
Year Built: 1928
Units: 190
Highlights: Value-add opportunity; more than $3 million worth of renovations added to property; one retail unit on site; located within walking distance of parks, office buildings, retail, dining, entertainment and public transportation; community amenities include bike racks, night patrol, on-site maintenance and management, a fitness center, on-site laundry and storage lockers.
Contact: Brent Sprenkle, Berkadia Real Estate Advisors, 310-470-4892
532 Newfield Street
Location: Middletown, Conn.
Price: $76 million
Price/Unit: $192,143.43
Building Size: 465,490 SF
Units: 396
Highlights: Property spans 45 acres approved for 396 apartments in 16 buildings; community amenities will include a heated swimming pool and clubhouse; unit mix of 44 percent one-bedroom, 56 percent two-bedroom units; surface parking spaces of 1.5 spaces per unit.
Contact: Glenn Russo, Landmark Investment Group, 860-613-0751 x106
Chesapeake Virginia Apartments
Location: Chesapeake, Va.
Offering Price: $40 million
Price/Unit: $83,333.33
Units: 480
Building Size: 370,000 SF
Highlights: All kitchens and bathrooms renovated within past year; unit mix of 416 two-bedroom/one-bathroom and 64 three-bedroom/two-bathroom units.
Contact: Lawrence Fleder, JCF, 757-623-1062 x13
Hampton Court Apartments
Location: Las Vegas, Nev.
Offering Price: $29.7 million
Price/Unit: $70,833.33
Price/SF: $1,000
Units: 420
Year Built: 1974
Highlights: Located within walking distance of the Las Vegas Strip and the University of Nevada-Las Vegas; unit mix of 52 percent one-bedroom units and 48 percent two-bedroom units; unit amenities include air conditioning, cable included, free Wifi, a balcony and renovated interiors; community amenities include two swimming pools, a spa, lighted tennis courts, 24-hour laundry, a fitness center, a business center and emergency maintenance.
Contact: Angela Powers, Berkadia, 702-866-6253
