On the Market: This Week’s 5 Most Interesting CRE Listings

Check out this week's most interesting CRE listings across the country.

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.

apexApex off 7th Street

Location: Phoenix, Ariz.

Offering Price: $6.4 million

Price/Unit: $61,538

Price/SF: $95.81

Units: 104

Year Built: 1980

Features: Repositioning opportunity; mix of one-bedroom/one-bath and two-bedroom/two-bath units; units individually metered for electricity; offered all cash/new loan; location in heart of 7th Street and Camelback/Central Corridors

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


monterosaMonterosa Villas Townhomes

Location: Phoenix, Ariz.

Offering Price: $5.25 million

Price/SF: $119.99

Units: 19

Year Built: 2013

Features: Individually parceled townhomes; all three-bedroom, two-and-a-half-bedroom unit types; two car direct access garage and full-size washer/dryer in each unit; offering price 20 percent less than estimated retail value of units and replacement cost; available all cash/new loan.

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


chicago932 W. Diversey

Location: Chicago, Ill.

Offering Price: $1.95 million

Gross SF: 5,400

Units: 4

Year Built: 2010

Features: One commercial unit, three residential; 6 percent cap in core Lincoln Park location; condo quality finishes; 50 feet from Diversey ‘L’ Stop; parking included.

Contact: The Kiser Group, 773-293-5000


lemonLemon Avenue Property

Location: Long Beach, Calif.

Price: $3.6 million

Price/Unit: $150,000

Units: 24

Building Size: 15, 896 SF

Built: 1963

Highlights: Garage and tuck under parking; one-, two- and three-bedroom units; 5.7 percent cap rate; individually metered units.

Contact: Chris Walker, Investment Property Group, 949-756-3232


sierraSierra Oaks

Location: Turlock, Calif.

Price: $41.5 million

Price/Unit: $196,682.46

Building Size: 254,099 SF

Year Built: 2008

Units: 211

Highlights: Unit mix of 5 percent studios, 19 percent one-bedroom units and 76 percent two-bedroom units; community amenities include a resort-style swimming pool, hot tub, grilling areas, a clubhouse with a fireplace and full-sized kitchen, a controlled main entry access gate, a TV/theater lounge, billiard and game room, fitness center, video library, social room, covered parking, and 24-hour on-site maintenance; 3 percent average vacancy rate; assumable interest-only loan.

Contact: Robin Kane, Berkadia Real Estate Advisors, 559-761-0020