On the Market: 5 Interesting CRE Listings for the Week of 5/16
- May 20, 2016
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.
Location: Glendale, Ariz.
Price: $15.8 million
Highlights: Mix of 48 percent two-bedroom, 40 percent one-bedroom and 12 percent studio units; opportunity to add value with interior and exterior renovations; units individually metered for electricity; location in West Valley near University of Phoenix stadium and Westgate Entertainment District.
Contact: Eddie Chang, ABI Multifamily, 602-714-1398
Location: Scottsdale, Ariz.
Price: $6.3 million
Building Size: 17,988 SF
Highlights: Located in Old Town Scottsdale within a 10-minute walk of Scottsdale Waterfront Corridor and more than 100 dining and entertainment options; modern, industrial loft architecture; unit amenities include Bosch appliances, a porch and three balconies and a two-car garage; community amenities include a pool, spa and barbecue.
Contact: Bart Mahrer, Ventana Fine Properties, 480-204-6012
Location: San Francisco, Calif.
Price: $3.9 million
Building Size: 4,547 SF
Year Built: 1992
Highlights: Located two blocks from Union Square and within a mile and a half from the Theater District, the Ferry Building at Embarcadero, and the San Francisco Museum of Modern Art (SFMOMA); Three condos are one-bedroom/one-bathroom units, one is a two-bedroom/two-bathroom penthouse, and one is currently operating as a hair salon and dog groomer for tenants; rooftop deck is primed for renovations; surrounding area has perfect scores of 100 for walkability and public transportation access from walkscore.com.
Contact: Joshua Silverman, Real Management Company, 415-230-8887
Location: East Elmhurst, NY
Price: $6.4 million
Building Size: 14,114 SF
Highlights: Located off 94th Street and 23rd Avenue in Elmhurst, Queens; lot size allows for construction of additional storage or parking units; close proximity to LaGuardia airport and major highways; currently 100 percent occupied.
Contact: Kathi Markou, 914-440-9997
Location: Austin, Texas
Price: $24.5 million
Price/Unit: $96, 078.43
Building Size: 178,227 SF
Highlights: Average unit size of 699 SF; variety of one-bedroom and two-bedroom units; units include plank faux flooring, new appliances and updated lighting; community amenities include a swimming pool, a fitness center, two laundry facilities and a dog park; located approximately seven miles from the University of Texas.
Contact: Ellen Muskin, Muskin Commercial, 512-343-2700