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.
The Hawthorne
Location: Phoenix, Ariz.
Offering Price: $26 million
Price/Unit: $142,857
Price/SF: $152.40
Units: 276
Year Built: 1996
Renovated: 2009/2015
Features: Class A property; mix of one-, two- and three-bedroom units; location in Midtown Phoenix near employment sector; walking distance to light rail, entertainment, restaurants and retail; strong demographics and income in North Central Phoenix submarket; 3D tours available here.
Contact: Rue Bax, ABI Multifamily, 602-714-1406
Tesoro Apartment Homes
Location: Redlands, Calif.
Year Built: 1989
Units: 188
Building Size: 152,996 SF
Property Size: 10.99 acres
Highlights: Apartments average 814 square feet; close proximity to retail centers Citrus Plaza and Mountain Grove at Citrus Plaza; average occupancy in Redlands of 97.9 percent; convenient access to Interstate 10 and the 210 Freeway; property is free and clear of debt.
Contact: Stewart Weston, IPA, 949-419-3287
Atlantic Heights
Location: Barnegat, NJ
Units: 310
Building Size: 336,961 SF
Year Built: 2004
Highlights: Unit mix of two- and three-bedroom townhomes; all units feature oversized windows, gas ranges and a full-size washer and dryer; located right off the Garden State Parkway with easy access to adjacent employment centers like Toms River, Monmouth County, North Jersey and New York, NY; schools within walking distance.
Contact: John McFadden, CBRE, 610-251-5118
The Miller Grand Ballroom Building
Location: Brooklyn, NY
Building Price: $55 million
Units: 35
Price/Unit: $1,571,428.57
Lot Size: 15,400 SF
Occupancy: 100 percent
Highlights: 29 free market residential lofts; six tenanted commercial spaces; basement space with 10-foot ceilings; located on the south side of Williamsburg in close proximity to new Apple and Whole Foods grocery stores; located close to both the L and JMZ subway lines.
Contact: Dan Brady, the Corcoran Group, 917-202-5609
5 Hundred Falls
Location: Quincy, Mass.
Units: 171
Building Size: 175,649 SF
Year Built: 1997
Highlights: Amenities include a clubhouse with lounge, kitchen, fitness center, conference room and WiFi, and a heated swimming pool, spa and sundeck; renovations in 2012 upgraded 143 of the 171 units; convenient access to MBTA Red Line train service, I-93 and I-95.
Contact: Biria St. John, CBRE New England, 617-912-6924
