On the Market: 5 Interesting Listings for the Week of 5/8

This week's listings include a Phoenix garden-style community for $1 million and a well-designed urban property in Portland.

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: San Diego, Calif.

Net Rentable SF: 345,269

Units: 379

Avg. Unit Size: 910 SF

Built: 2012

Features: Two four-story buildings located above two-level subterranean parking garage; unit mix consists of 23 studios and 316 one-bedroom units; modern design by TCA Architects completed in 2012 by developer Wood Partners; two-story clubhouse with full teaching kitchen and lounge area; community amenities include outdoor patio, resort-style pool, fitness center, three courtyards and a two-acre park across the street; unit amenities include central heat and air, high ceilings, full-sized washers and dryers, gas stoves, granite countertops, private patios/balconies, soaking tubs in bathrooms and floor-to-ceiling windows in select units.

Contact: Ed Rosen, Berkadia, 858-257-4715

20cover220 on Hawthorne

Location: Portland, Ore.

Rentable SF: 33,539

Units: 51

Avg. Unit Size: 658 SF

Avg. Rent: $1,670 ($2.54/SF)

Year Built: 2009

Features: Urban asset with luxury finishes; LEED Gold certification; one- and two-bedroom open floorplans with wood flooring, high ceilings, granite countertops and custom cabinetry; three ground-floor retail spaces including popular Little Big Burger restaurant; located in sought-after Hawthorne District neighborhood; located near transit and bikeways; close to major employment centers including The Central Eastside District, The Central Business District and OHSU.

Contact: Gail Neuburg, ARA Newmark, 503-575-9551


Location: Vista, Calif.

Net Rentable SF: 399,440

Units: 465

Average Unit Size: 876 SF

Acreage: 19.9 acres

Built: 1984

Features: Moderate value-add opportunity in North San Diego submarket; located in the center of North San Diego County’s burgeoning employment hubs; unit amenities include washers and dryers, patios or balconies, air conditioning, storage space, carports and dishwashers; community amenities include fitness facilities with yoga and strength training, two swimming pools with cabanas, two spas, a basketball court, an outdoor kitchen with gas barbecues, a business center, a dog park with agility course, a playground and tennis court.

Contact: Ed Rosen, Berkadia, 858-257-4715

Just-Listed-Sir-JohnsSir John’s Apartments

Location: Phoenix, Ariz.

Price: $1.6 million

Units: 14


Year Built: 1967

Features: Garden-style community in South Arcadia neighborhood; value-add opportunity in high barrier to entry submarket; located 2.5 miles from Route 51 and within close proximity to Camelback Corridor, restaurants and retail; located 15 minutes from Phoenix Sky Harbor International Airport; units individually metered for electricity; each unit has two-bedroom/one-bathroom floorplan; ample parking; all units have sizable backyards.

Contact: Ryan Smith, ABI Multifamily, 602-761-9318

WOTwilightPoolWalden Oaks

Location: Anderson, S.C.

Rentable SF: 261,438

Units: 240

Avg. Unit Size: 1,089 SF

Acres: 20.8

Year Built: 2007

Features: Located in Greenville-Spartanburg-Anderson market; strong area economic demand drivers; located close to retail amenities; interior upgrade potential of $84 monthly rent increase with suggested improvements; strong market and property fundamentals.

Contact: Alex Okulski, ARA Newmark, 919-590-4825

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