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.

Mallard PointeMallard Pointe Apartments

Location: Belvedere, Calif.

Offering Price: $22.5 million

Price/Unit: $1,022,727

Price/SF: $1,000

Units: 22

Year Built: 1955

Highlights: Located within an enclave of 22 residences; 16 of 22 units have private gardens with lagoon-side docks on Belvedere Lagoon.

Contact: Ryan Wagner, Colliers International, 415-288-7865


william pennWilliam Penn Apartment Homes

Location: Los Angeles, Calif.

Price: $17.8 million

Building Size: 254,099 SF

Year Built: 1928

Units: 190

Highlights: Value-add opportunity; more than $3 million worth of renovations added to property; one retail unit on site; located within walking distance of parks, office buildings, retail, dining, entertainment and public transportation; community amenities include bike racks, night patrol, on-site maintenance and management, a fitness center, on-site laundry and storage lockers.

Contact: Brent Sprenkle, Berkadia Real Estate Advisors, 310-470-4892


newfield532 Newfield Street

Location: Middletown, Conn.

Price: $76 million

Price/Unit: $192,143.43

Building Size: 465,490 SF

Units: 396

Highlights: Property spans 45 acres approved for 396 apartments in 16 buildings; community amenities will include a heated swimming pool and clubhouse; unit mix of 44 percent one-bedroom, 56 percent two-bedroom units; surface parking spaces of 1.5 spaces per unit.

Contact: Glenn Russo, Landmark Investment Group, 860-613-0751 x106


chesapeakeChesapeake Virginia Apartments

Location: Chesapeake, Va.

Offering Price: $40 million

Price/Unit: $83,333.33

Units: 480

Building Size: 370,000 SF

Highlights: All kitchens and bathrooms renovated within past year; unit mix of 416 two-bedroom/one-bathroom and 64 three-bedroom/two-bathroom units.

Contact: Lawrence Fleder, JCF, 757-623-1062 x13


HamptonCourtHampton Court Apartments

Location: Las Vegas, Nev.

Offering Price: $29.7 million

Price/Unit: $70,833.33

Price/SF: $1,000

Units: 420

Year Built: 1974

Highlights: Located within walking distance of the Las Vegas Strip and the University of Nevada-Las Vegas; unit mix of 52 percent one-bedroom units and 48 percent two-bedroom units; unit amenities include air conditioning, cable included, free Wifi, a balcony and renovated interiors; community amenities include two swimming pools, a spa, lighted tennis courts, 24-hour laundry, a fitness center, a business center and emergency maintenance.

Contact: Angela Powers, Berkadia, 702-866-6253