On the Market: 5 Interesting Listings for May
This month’s listings include a modern three-story office building in Fort Lauderdale, Fla., a former school that will be turned into multifamily property, a historic office building and two retail centers.
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.
2627 W. Edinger Ave., Santa Ana, Calif.
Edinger Center
Location: 2627 W. Edinger Ave., Santa Ana, Calif.
Price: $6.7 million
Building Size: 8,350 square feet
Property Type: Retail
Year Built: 2006
Highlights: Multi-tenant shopping center on 32.4 acres; the property is located off the corner of Edinger & Fairview and adjacent to a major signalized intersection; across the street is Stater Bros.
Contact: Mehran Foroughi, NAI Capital, 949-395-5725
3696 N. Federal Highway, Fort Lauderdale, Fla.
3696 N. Federal Highway
Location: Fort Lauderdale, Fla.
Price: $10 million
Building Size: 59,619 square feet
Property Type: Office
Year Built: 1999
Highlights: A modern, three-story office building that is 97 percent occupied; tenants include BB&T Bank, Keller Williams Realty, attorneys, CPAs and investment advisors; the floors are made of marble; elevator entrances are flanked by granite walls; new paint, carpet and T-8 lighting.
Contact: Andrea Chang, Lang Realty, 954-245-9388
2801 Frankford Ave., Philadelphia, Pen.
2801 Frankford Ave.
Location: Philadelphia
Price: $2.5 million
Building Size: 35,625 square feet
Property Type: Multifamily
Highlights: A former school built over 50 years ago; stone and brick building includes approval for 27 residential units with parking for 13 cars; there is a side parcel which has approval for nine single family homes with parking; original building details include soaring ceilings and huge windows; the upper floors offer city skyline views; close to Frankford Ave. commercial corridor and transportation; access to Center City major highways and the suburbs.
Contact: Century 21 Philadelphia Office
525 N. Main St., Milford, Mich.
Mill Valley Retail Center
Location: 525 N. Main St., Milford Mich.
Price: $4.5 million
Year Built: 1999
Building Size: 32,000 square feet
Property Type: Retail
Highlights: Property is located off the corner of Main Street and Commerce Street in the city’s downtown; tenant roster includes Starbucks, Coldwell Banker, restaurant and fitness center; rents are adjustable to market rates.
Contact: Eric Szerlag, Thomas Duke Co., 248-476-3494
Slater Mansion
Location: 1020 Pennsylvania Ave., Kansas City
Price: $1.5 million
Year Built: 1887
Building Size: 4,400 square feet
Property Type: Office
Highlights: historic landmark which has been totally renovated; the building is currently used as office by a number of artists and designers but has a two-bedroom condo upstairs with separate entrances; gated parking; security system
Contact: Mary Ann Link, Innovations KC, 816-777-3157
Images via Google Street View
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