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

Check out the week's most interesting for-sale CRE assets.

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.

rancho la fuenteRancho La Fuente

Location: Phoenix, Ariz.

Offering Price: $2.79 million

Price/Unit: $49,911

Price/Square Foot: $87.21

Year Built: 1978

Units: 56

Features: Currently 100 percent occupied; value-add opportunity with below-market rents; individually metered for electricity; individual hot water heaters in units; popular submarket location in Bell Corridor.

Contact: John Kobierowski, ABI Multifamily – 602-714-1384

3rdand4thThird & 4th 

Location: Fort Lauderdale, Fl.

Land Acreage: .7031

Land SF: 30,625

Zoning: RAC-CC

Features: Average area housing value of $633,500; Walkability score of 91 out of 100; direct connectivity to new Wave Streetcar improves accessibility to downtown Fort Lauderdale,

Contact: Greg Engler, Walker & Dunlop – 404-832-7613

bella solanoBella Solano Apartment Homes

Location: Phoenix, Ariz.

Offering Price: Market

Units: 160

Year Built: 1973, phase II 1985

Renovations: Interiors in 2008; exterior/common areas in 2012

Features: Adjacent to Light Rail; individual HVAC in each unit; consistently 95 percent occupied; value-add opportunity through additional renovations.

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

desotoDesoto Villa Apartments

Location: Arcadia, Fla.

Asking Price: $1.11 million

Price/Unit: $32,794

Units: 34

CAP Rate: 8.50 percent

Features: Third-party management already secured at 8 percent fee; concrete block construction; value-add opportunity.

Contact: Kyle Keelan, NAI Tampa Bay – 727-251-5953

veronaVerona at the Reserve

Location: Katy, Texas

Units: 356

Year Completed: 2011

Average SF: 951

Effective Rent/Month: $1,302

Effective Rent/SF: $1.37

Features: Class A+ asset; convenient access to I-10, Westpark Tollway and Grand Parkway, quick commute to Houston; area population growth projected at 14 percent over the next five years; average household income of $112,967; zoned in the highly-coveted Katy ISD school district.

Contact: David Oelfke, ARA Newmark – 713-425-5405