On the Market: 5 Interesting Listings for August
This month's listings include a Texas retail property built in 1900 and completely renovated in 2015 and a mixed-use multifamily and retail asset in Brooklyn's Williamsburg neighborhood.
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 Mallory Bulman.
The Boyd Building
Location: McKinney, Texas
Price: $3.6 million
Building Size: 14,500 SF
Price/SF: $248.28
Property Type: Retail
Highlights: Built in 1900; four tenants include Mellow Mushroom, Bayou Jack’s Cajun Grill, a craft coffee shop and a new escape entertainment concept; located near the historic Downtown McKinney Square; property was completely renovated in 2015; public and leasing parking available.
Contact: Michelle Hudson, Hudson Peters Commercial, 972-980-1188 ext. 202
53800 Generations Drive
Location: South Bend, Ind.
Price: $1.7 million
Building Size: 6,838 SF
Price/SF: $259.58
Property Type: Office
Highlights: Class A medical office building on .50 acres; encompasses many private offices, a reception area, conference room, break room, file and storage area; 20 onsite parking spaces in the front of the building and 34 shared parking spaces with other owners; property is located on the northeast side of South Bend in a multi-use office park known as Foundation Center.
Contact: Edward Bradley, Jr., Newmark Grubb Cressy & Everett, 574-271-4060
U.S. Bank Building at the Village of Hinsdale
Location: Hinsdale, Ill.
Price: $7.3 million
Building Size: 12,936 SF
Price/SF: $564.32
Property Type: Retail
Highlights: Located in Hinsdale, an affluent village in Cook and DuPage counties nearly 18 miles from Chicago and within a 22-minute express train ride to downtown Chicago; falls within top one percent of wealthiest towns in Illinois; four-story building anchored by U.S. Bank since 2003; has three ATM drive-throughs; U.S. Bank occupies basement and two of the three floors with a retail branch on the ground floor and offices on the second and in the basement; site is surrounded by residential neighborhoods, multifamily properties, parks, hotels, a hospital and more.
Contact: Alvin Mansour, The Mansour Group at Marcus & Millichap, 858-373-3187
97 North 7th St.
Location: Brooklyn, N.Y.
Price: $3.6 million
Units: 4
Building Size: 3,600 SF
Price/Unit: $900,000
Property Type: Multifamily/retail
Highlights: Four-story building composed of two free-market apartments and one ground-floor retail space; offers more than 1,000 SF of unused air rights; property will be delivered entirely vacant; located between Wythe Avenue and Berry Street in Williamsburg with attractions like Smorgasburg, Brooklyn Bowl and McCarren Park within four blocks; the Bedford Avenue L station is one block away; other transportation options include a nearby ferry of the Metropolitan Avenue G train.
Contact: Shaun Riney, Marcus & Millichap, 718-475-4382
5301 SC-9
Location: Inman, S.C.
Price: $295,000
Building Size: 4,800 SF
Price/SF: $61.46
Property Type: Industrial
Highlights: Lot size of 1.36 acres; located on Highway 9 with more than 170 feet of road frontage; three drive-in doors, more than 2700 SF of garage and 150 SF of office space; one restroom; covered storage space; storage unit mix includes 12 5-by-10 units, eight 10-by-20 units and eight 10-by-10 units; gross lease is $2,500 per month.
Contact: Andy Haynes, Spencer Hines, 864-583-1001
All photos and information are courtesy of respective brokers or brokerage firms.
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