On the Market: 5 Interesting Listings for January
This month's listings include an historic property in Austin, Texas; a recently renovated hotel in the Minnesota suburbs; and a retail asset in the San Fernando Valley of Los Angeles.
On the Market is a monthly department curating the most interesting recent for-sale CRE assets with asking prices under $10 million. If you have a commercial real estate asset that you’d like to share with our readers, please email information and a high-resolution photo to Associate Editor Roxana Baiceanu.
1600 Rio Grande St. Image via Google Street View
1600 Rio Grande St.
Location: Austin, Texas
Price: $2,900,000
Property Type: Office
Year Built: 1895
Highlights: Historic property dating from the late 19th century, originally a Victorian mansion; recently renovated and redesigned; can be used as office, event center or corporate lodging; hardwood floors, 11-foot ceilings, large granite kitchen and four fireplaces; located in downtown Austin and blocks from the Texas Capitol, the University of Texas and court buildings; offers access to a variety of restaurants and entertainment venues.
Contact: McAllister & Associates; Tel. 512-472-2100
200 Carleton Ave. Image via Google Street View
200 Carleton Ave.
Location: East Islip, N.Y. (Long Island/Suffolk County)
Price: $3,400,000
Property Type: Office/MOB
Building Size: 17,000 square feet
Highlights: Building strategically located on busy corner with traffic light, could be ideal for law or medical practice; more than 8,000 square feet of contiguous space; anchor tenant is Davita Medical, which occupies 52 percent of the building and has a triple-net lease with 2 percent increases through 2026.
Contact: Michael Murphy and Anneta Sarkisyan with Douglas Elliman; Tel. 631-858-2460 and 631-858-2475
5319 Topanga Canyon Blvd. Image via Google Street View
5319-5325 Topanga Canyon Blvd.
Location: Woodland Hills, Calif. (Los Angeles)
Price: $2,600,000
Property Type: Retail
Building Size: 5,150 square feet
Highlights: Located in Los Angeles’ San Fernando Valley, the building offers two distinct spaces: one used as a recording studio and a second space destined for retail; high-end improvements as well as easy walking access to amenities and restaurants; close to the freeway, which is approximately four blocks away; estimated population within a one-mile radius exceeds 20,000 and is expected to grow at 3 percent annually; average household income within a three-mile radius is $111,000.
Contact: Karl Niehaus with Commercial Real Estate Investments LA; Tel. 310-880-7900
2101 S. Broadway St. Image via Google Street View
Best Western Plus
Location: 2101 S. Broadway St., New Ulm, Minn.
Price: $7,800,000
Property Type: Hotel
Number of keys: 117
Highlights: Recently renovated property, including the restaurant, which was converted to a Green Mill; features a new outdoor patio equipped with a fireplace; several meeting spaces and banquet facilities totaling more than 5,000 square feet.
Contact: Timm & Associates Inc.; Tel. 952-932-9987
14000 S.W. 119th Ave. Image via Google Street View
14000 S.W. 119th Ave.
Location: Miami, Fla.
Price: $6,313,500
Property Type: Office
Building size: 25,254 square feet
Year Built: 1986
Highlights: Very well-maintained building with two floors and 94 parking spaces; the second floor is leased to a national tenant; two separate entrances and building signage opportunity; nestled in a commercial corporate park setting; easy access to Florida turnpike.
Contact: Century 21 Dorar Realty; Tel. 305-264-6000
All information is property of the respective brokerage firms or broker.
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