On the Market: 5 Interesting CRE Listings for the Week of 6/20

This week's most interesting CRE listings feature a property with ocean views in Pacific Palisades, Calif., and a North Las Vegas community that's seeing double with two pools and two spas.

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.

casaCasa Bellisima

Location: Glendale, Ariz.

Offering Price: $14.2 million

Price/Unit: $51,630

Units: 276

Year Built: 1983

Features: Mix of studio, one- and two-bedroom units; individual metering for electricity and water; strong in-place NOI; offered all-cash/new loan; 95 percent occupancy.

Contact: Alon Shnitzer, ABI Multifamily, 602-714-1283


newport villageNewport Village

Location: North Las Vegas, Nev.

Building Size: 363,320 SF

Units: 336

Year Built: 2000

Features: Average square footage of units is 1,080 SF; unit amenities include in-unit washer/dryers, microwaves, private balconies or patios and outside storage; community amenities include a fitness center, clubhouse, playground, two swimming pools, two spas, and 840 total parking spaces; located in close proximity to Downtown Las Vegas, the Las Vegas Strip and McCarran International Airport.

Contact: Patrick Sauter, NAI Vegas, 702-534-1700


bwayBroadway Heights Apartments

Location: Mesa, Ariz.

Offering Price: $11.5 million

Price/Unit: $74,323

Units: 155

Year Built: 1983

Features: Mix of studio, one- and two- bedroom garden-style units; value-add opportunity through interior and exterior renovations; units individually metered for electricity; close proximity to Arizona State University and Mesa Community College; near major thoroughfares the Loop 101, 202 and US 60 freeways; located one mile from light rail; offered all-cash/new loan.

Contact: Alon Shnitzer, ABI Multifamily, 602-714-1283


pacific palisades17010 & 17020 W. Sunset Blvd.

Location: Pacific Palisades, Calif.

Offering Price: $26.5 million

Price/Unit: $679,487.18

Units: 39

Features: A+ location; mix of one- and two-bedroom units, some of which have been renovated and have ocean views; lot is nearly one acre; community amenities include swimming pool and sundeck overlooking ocean; significant upside in rents.

Contact: Hamid Soroudi, Charles Dunn Company, 310-492-8403


 cave millCave Mill Apartments

Location: Bowling Green, Ky.

Offering Price: $22.9 million

Price/Unit: $103,049.33

Units: 223

Year Built: 2012

Features: Luxury, market-rate community; unit amenities include built-in computer desks, washers and dryers, double vanities and direct-access garages; community center includes a pool, business center with computer and printer stations, WiFi, a fitness center, theater room with stadium seating and a playground; located close to Greenwood Mall and new retail strips and restaurants.

Contact: Rob Schick, Revel & Underwood, Inc., 317-403-1205