On the Market: 5 Interesting Listings for July
- Jul 25, 2018
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.
The Wesco Distribution Center
Location: 2256 Citygate Drive, Columbus, Ohio
Price: $3.75 million
Building Size: 33,197 sqft
Property Type: industrial
Year Built: 2000
Highlights: the distribution center was renovated in 2007 and carries a Cap Rate of approximately 7 percent; Wesco International is the only tenant, with a 5+ years of remaining lease; the surrounding area is home to FedEx Shopping Center, U.S. Postal Service, Trane Supply and MacNaughton –McKay Electric.
Contact: Daniel Zimmerman, B+E, 305-717-8473
775 Park Ave.
Location: Huntington, New York
Price: $9 million
Building Size: 80,000 sqft
Property Type: Office
Year Built: 1988
Highlights: approximately 70 percent of the building is available for sale; the three-story property comes with premium amenities; three conference rooms, a café and pharmacy are available on site; the property spans 4 acres.
Contact: Century 21 American Homes office in Levittown, NY
4 24th St. E.
Location: Minneapolis, Minn.
Price: $2.3 million
Building Size: 17,700 sqft.
Property Type: Office/Residential
Year Built: 1914
Highlights: this three-level church can be transformed into office or residential space; it is located close to bus stations and downtown Minneapolis; it can be accessed via Interstate 94, off Hennepin Ave. N.
Contact: Edina Realty, 952-928-5563
15088 22nd Ave. N.E.
Location: Little Falls, Min.
Price: $10 million
Building Size: 12,777 sqft
Property Type: Office
Year Built: 2006
Highlights: This office building features CAD-IT, separate cold weather air conditioning unit for the IT room, electronic access, 4 zones for the air conditioning and heating, kitchn-break room with lounge area, conference room, board room, private offices as well as a 60+ cubicle-room.
Contact: RE/MAX (via Edina Realty, 952-928-5563)
4740 Dacoma St.
Price: $1.8 million
Building Size: 13,200 sqft
Property Type: Retail
Highlights: the land surrounding the property encompasses 50,757 square feet, allowing for shopping center expansion; property is located across from Karbach Brewery and has an excellent visibility; the parking lot includes 58 vehicle spaces
Contact: Ashley Casterlin, Davis Commercial, 713-528-9776
Images courtesy of B+E and via Google Street View