On the Market: 5 Interesting CRE Listings for the Week of 8/8
- Aug 12, 2016
On the Market is a weekly department curating the most interesting recent 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 Jax Apartments
Location: Tigard, Ore.
Offering Price: $6 million
Features: Unit mix includes one- and two-bedroom flats and two- and three-bedroom townhomes; 36 percent of total units have undergone recent renovations; renovated units have surpassed 15 percent rent increases; located in walking distance from downtown and less than a mile from main thoroughfare; adjacent to Fanno Creek Natural Area.
Contact: Greg Frick, HFO Investment Real Estate, 971-717-6332
Fall Creek Village
Location: Harrah, Okla.
Offering Price: $4.3 million
Year Built: 2014
Features: Consists of 10 two-story four-plexes; all units are three-bedroom/two-bathroom units with private outdoor space; located 20 minutes from downtown Oklahoma City; located near Tinker Air Force Base, the largest jet engine manufacturer in the country.
Contact: Grant Stewart, Wiggin Properties, 918-582-8100
Location: Pittsburgh, Penn.
Offering Price: $1.6 million
Year Built: 1920
Features: Community amenities include onsite laundry, storage lockers and off street parking; units are submetered for gas and electric; unit mix includes one-bedroom, two-bedroom and three-bedroom apartments.
Contact: Jay Adams, 412-559-4706
Location: Castro Valley, Calif.
Offering Price: $19.5 million
Year Built: 1961
Features: Community amenities include a landscaped courtyard, covered carport parking, onsite laundry services, gated electronic entrance, 24-hour emergency maintenance and a dog park; unit amenities include ceiling fans, oak cabinets, granite counter tops and private patios or balconies; 30 of 62 units have been recently renovated.
Contact: Adam Levin, Marcus & Millichap, 650-391-1782
Patio Del Cielo
Location: Sherman Oaks, Calif.
Offering Price: $18.5 million
Price/Unit: $596, 774.19
Year Built: 2010
Features: Located within easy access to the 405 and 101 Freeways; walking distance to restaurants, boutique shopping and services on Ventura Boulevard; unit mix consists of 30 two-bedroom/two-bath apartments and one large three-bedroom/two-bath unit; community amenities include convenient rent payment kiosk, elevator access, rooftop deck, subterranean parking, 24-hour surveillance.
Contact: Brett Sanson, Marcus & Millichap, 818-212-2785