On the Market: 5 Interesting Listings for the Week of 10/02

This week's listings include an historic French Quarter property built in the 1830s and a brand-new, 191-unit asset in Fort Lauderdale, Fla.

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 Associate Editor Mallory Bulman.

MuellerPlace1copyMueller Place

Location: Austin, Texas

Avg. Rental Rates: approx. $1,600 per month

Rentable SF: 77,652 SF

Avg. Unit Size: 903 SF

Units: 86

Features: Value-add opportunity in Central Austin; located near the Mueller Redevelopment, one of the fastest-growing areas in the city; current owner spent $750,000 upgrading common areas and curing deferred maintenance; exterior and common area upgrades include extensive landscaping and ground improvements, new signage, 50 percent roof replacement, parking lot sealing and striping, new boilers and HVAC work; most unit interiors are not upgraded and offer opportunity to add value; seven units have been renovated and are achieving monthly premiums of $100 to $175. 

Contact: James Young, ARA Newmark, 512-637-1265

24_189_building_evening_Queue_8WEBThe Queue Apartments

Location: Fort Lauderdale, Fla. 

Avg. Rent: $1,930

Rentable SF: 153,963

Avg. Unit Size: 806 SF

Units: 191

Features: Cushman & Wakefield anticipate a transaction price of up to $60 million; the property comprises a single seven-story mid-rise building on a 1.6-acre site; the property was completed earlier this year; located at 817 SE 2nd Ave., in downtown Fort Lauderdale, steps from 5.4 million square feet of downtown office space, the new Broward County Courthouse and Las Olas Boulevard. 

Contact: Robert Given, Cushman & Wakefield, 954-377-0513

Photo via queueapartments.com

ColterGardens-GIF-V2Colter Gardens Apartments 

Location: Phoenix, Ariz.

Price: $1.5 million

Price/Unit: $99,000

Units: 16

Built: 1965

Features: Located less than a mile from three different light rail stations and a park & ride; all units are 885 square feet and have two bedrooms and a private courtyard; located minutes from Christown Shopping Center which has a Costco, Target and Harkins Theaters; units are individually metered for electricity.

Contact: John Klocek, ABI Multifamily, 602-344-9258

prestigePrestige Center

Location: Tacoma, Wash. 

Price: $2.6 million

Price/Unit: $136,842.11

Units: 19

Building Size: 15,553 SF

Features: Two-story property built in 1961 on a 27,600-square-foot lot; Bavarian-style architecture; 10 multifamily units and nine commercial suites; offers views of the Olympic Mountains and Puget Sound. 

Contact: Tyler Smith, Westlake Associates, 206-505-9425

nola727 St. Ann St.

Location: New Orleans, La. 

Price: $1.7 million

Price/Unit: $355,000

Units: 5

Building Size: 3,812 SF

Features: Located in the heart of the French Quarter; townhouse built in the 1830s with historic details throughout; features courtyard and second-floor gallery; the front first-floor unit has two bedrooms, two bathrooms and an original marble mantle; second-floor apartments feature original hardwood floors and large, covered galleries.

Contact: Shelley Lawrence, Latter & Blum, 504-813-8466

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