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

Check out this week's most interesting commercial real estate 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.

WyndhamParkWyndham Park

Location: Houston, Texas

Units: 448

Year Built: 1978

Acres: 18.85

Avg. rent: $786 ($0.99/SF)

Rentable SF: 356,458

Avg. unit size: 796 SF

Highlights: Strong historical occupancy and rent growth; 5 percent year-over-year income growth in 2015; well positioned for value-add upgrades; close proximity to major employers like a new ExxonMobil campus, the Southwestern Energy headquarters and the Woodlands Hospital.

Contact: David Wylie, ARA Newmark, 713-425-5410

fairfieldFairfield Lakes

Location: Pensacola, Fla.

Units: 268

Year Built: 2003

2015 Rent Growth: 17 percent

2015 NOI Growth: 19 percent

Highlights: Building rents are an average of $125 less than similar buildings, allowing for increases; location is near four of the area’s five military facilities; employers nearby include Baptist Healthcare, Sacred Heart Health System, Navy Federal Credit Union; community amenities include a business center, fitness center, coffee bar, swimming pool, tennis courts, dog-walk area and storage units; unit amenities include central heating and air conditioning, screened-in patios and a garden tub.

Contact: Byron Moger, Cushman & Wakefield, 813-204-5316

windemereWindemere Apartments

Location: Mesa, Ariz.

Units: 224

Year Built: 1986

Average Unit Size: 836 SF

Highlights: Location provides exposure to more than 250,000 cars per day; close proximity to employment, shopping, dining, entertainment venues and the Heritage District in Downtown Gilbert; community amenities include two swimming pools, spa, clubhouse, basketball court, children’s playhouse, pet park, exterior storage and covered parking; unit amenities include dishwashers,  refrigerators, washer/dryers, private storage and private balconies; select units include fireplaces, vaulted ceilings and built-in microwaves.

Contact: David Fogler, Cushman & Wakefield, 602-224-4443

creve1Creve Coeur Portfolio

Location: Creve Coeur, Mo.

Units: 1,027

Year Built: early 1980s

creve2Occupancy: 96 percent

Avg. Unit Size: 913 SF

Highlights: Newly renovated kitchens and bathrooms; prime location near shopping, entertainment and dining; centrally located off of Route 340, near Interstate 270, Interstate 170, Interstate 64 and Interstate 70; residents have easy access to creve3employment hubs in St. Louis; Lambert St. Louis International Airport is located within a 20-minute drive of each community in the portfolio.

Contact: Brian Margerum, CBRE, 410-244-3135



forest hillsForest Hills

Location: Savannah, Ga.

Units: 90

Year Built: 1972

Buildings: 7

Acres: 4.84

Total SF: 58,780

Highlights: Located close to historic downtown Savannah, Savannah Mall and Armstrong State University; unit amenities include dishwashers, refrigerators, central heat and air, patios and reserved parking; community amenities include swimming pool, playground and picnic areas.

Contact: Will Mathews, Colliers International, 404-877-9285