On the Market: 5 Interesting Listings for August

This month's listings include several modern office buildings on the West Coast; a top-of-the line medical center in Fort Wayne, Ind.; and a recently completed retail center in Kennewick, Wash.

On the Market is a monthly department curating the most interesting recent for-sale CRE assets for less than $10 million. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Roxana Baiceanu.

100 S. State College Blvd. Image courtesy of Yardi Matrix

Brea Place

Location: 100 S. State College Blvd., Brea, Calif.

Price: $5.6 million

Building Size: 16,897 square feet

Property Type: Office

Year Built: 1988

Highlights: The two-story building is part of a six-building campus on both the east and west sides of South State College Blvd., immediately adjacent to the 1.3 million-square-foot Brea Mall; it features a long-term lease and serves as a bank branch for Manufacturers Bank; went through cosmetic renovations in 2016.

Contact: Anthony DeLorenzo, CBRE, 949-725-8425

13017 Artesia Blvd. Image courtesy of Yardi Matrix

Pacifica Plaza

Location: 13017 Artesia Blvd., Cerritos, Calif.

Price: $7.3 million

Building Size: 46,748 square feet

Property Type: Office

Year Built: 1980

Highlights: A value-add investment, the multi-tenant property consists of 4 buildings and spans 2.5 acres; it also includes 147 parking spaces and has major street exposure on Artesia Blvd.

Contact: Gary Stache, CBRE, 949-725-8532

10315 Dupont Circle Drive W.

Location: Fort Wayne, Ind.

Price: $3 million

Building Size: 13,073 square feet

Property Type: Medical Office

Year Built: 2008

Highlights: Located in Indiana’s prestigious Dupont Business & Medical Park Association, the building is fully occupied by credit tenants; it is less than two miles west of Interstate 69 at interchange 316 and boasts beautiful lake views and front-door parking; Cap Rate is approximately 7.6 percent.

Contact: Brad Sturges, CBRE, 260-424-8448

2299 Technology Drive. Image via Google Street View

Finance Center

Location: 2299 Technology Drive, O’Fallon, Mo.

Price: $8 million

Building Size: 43,450 square feet

Property Type: Office

Year Built: 2001

Highlights: The property sits on a 4.5-acre lot and is part of the larger development of WingHaven, started in 1999; it is 94 percent leased with several tenants signing the roster since 2012 including anchor tenants Midwest Bank Center and Webster University; visible from Interstate 64 and accessible from the signalized intersection of WingHaven Blvd. and Technology Drive; Cap Rate is approximately 4.5 percent.   

Contact: Adam O’Sullivan, Marcus & Millichap, 317-218-5327

924 N. Columbia Center Blvd. Image via Google Street View

Columbia Center Tower South

Location: 924 N. Columbia Center Blvd., Kennewick, Wash.

Price: $3.3 million

Building Size: 23,880 square feet

Property Type: Retail

Year Built: 2014

Highlights: The building is located in the area’s retail core and is fully occupied by service-based retail, professional and medical office tenants; it boasts traffic counts of nearly 30,000 vehicles per day; population within a 3-mile radius grew by approximately 50 percent  since 2000; the property features long-term leases with scheduled rent increases from every tenant.

Contact: Bryan Mayer, Marcus & Millichap, 206-826-5700

All information is property of the respective brokerage firms or broker.