On the Market: 5 Interesting Listings for the Week of 3/27
- Mar 31, 2017
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.
Location: Charlotte, N.C.
Year Built: 2016
Rentable SF: 321,546
Average Unit Size: 1,037 SF
Features: Best-in-class asset; rental discount in comparison to neighboring properties; strong lease-up progress with 23 leases signed in March (as of 3/29); new construction.
Contact: Sean Wood, ARA Newmark, 919-590-4821
Emerson at Celebration
Location: Celebration, Fla.
Year Built: 2015
Market Rent/Unit: 1,494
Average Unit Size: 975 SF
Features: Located in Orlando MSA; average household income for the area is $121,158; significant historical rent growth with upside potential; located within 20 minutes of nearly 150,000 jobs and eight of Orlando’s top employers.
Contact: Scott Ramey, ARA Newmark, 321-316-3011
Province of Briarcliff
Location: Kansas City, Mo.
Year Built: 2003
Average Rent: $1,090
Features: Free and clear unpriced offering; located north of Kansas City’s CBD in Briarcliff neighborhood; close proximity to employers such as Cerner and North Kansas City Hospital and recreation like the Briarcliff Trail and the Power and Light District; select units which underwent renovation are achieving an approximate rent premium of $150 monthly.
Contact: Brett Meinzer, Berkadia, 816-759-0366
Location: Las Vegas
Year Built: 1978
Net Rentable SF: 223,240
Average Unit Size: 962 SF
Features: Value-add opportunity with addition of in-unit washers and dryers; unit mix consists of one-, two-, three- and four-bedroom units and select townhome-style units; located approximately two miles from the Las Vegas strip; located in close proximity to Kindred Hospital, Montevista Hospital, the College of Southern Nevada and the University of Nevada – Las Vegas.
Contact: Bill Hahn, Colliers HSK Multifamily, 602-222-5105
Ansley at Town Center
Location: Augusta, Ga.
Average Rent: $1,178
Year Built: 2009 and 2012
Rentable SF: 360,774
Average Unit Size: 1,008 SF
Features: Built as two properties in 2009 and 2012; favorable job market with more than 14,000 jobs created in the Augusta, Ga. MSA since 2014; connectivity to metro area via Washington Road and Old Evans Road; recent capital improvements which resulted in a 25.7 percent increase in total collections since February 2016.
Contact: Robert Stickel, Cushman & Wakefield, 404-442-5609
All images and information are property of the respective brokerage firms or broker.