On the Market: 5 Interesting Listings for November
This month's listings include a historic Massachusetts multifamily asset built in 1895 and a recently renovated office/loft space in Birmingham, Ala.
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.
2427 1st Ave. N.
Location: Birmingham, Ala.
Price: $575,000
Building Size: 7,800 SF
Property Type: Office space
Unit Size: 2,515 SF
Average Floor Size: 7,800 SF
Highlights: Built in 1913; Walk Score of 79 and Transit Score of 56; price per square foot is $288.63; renovated office/loft space in historic Blackwell Building; unit features include exposed brick, vaulted ceilings, energy-efficient upgrades, two bathrooms and a break room.
Contact: Matt Neal, Red Rock Realty Group, 205-918-0328
Comfort Inn Great Falls
Location: Great Falls, Mont.
Price: $3.9 million
Building Size: 28,323 SF
Property Type: Hospitality
Highlights: Lot size of almost an acre; three-story property with 64 rooms; located near tourist destinations Glacier National Park and Giant Springs State Park as well as Great Falls International Airport and the University of Great Hills; amenities include a business center, pool and community-wide WiFi.
Contact: Michael Francis, Marcus & Millichap, 801-736-2624
3470 E. Russell Rd., Building One
Location: Las Vegas, Nev.
Price: $1.3 million
Rentable SF: 11,568
Property Type: Office/residential
Highlights: Two-story property built in 2003; parking ratio of 3.34 per 1,000 square feet; recently upgraded and comprised of traditional office, executive and virtual suites; amenities include a balcony, 24-hour operation and a nearby bus line.
Contact: Ryan McCullough, Marcus & Millichap, 702-215-7131
590 Front Street
Location: Chicopee, Mass.
Price: $1.2 million
Units: 18
Building Size: 12,600 SF
Property Type: Multifamily
Highlights: Built in 1895; lot size of 0.33 acres; comprised of two adjacent parcels at 590 Front Street and 21 Cyman Drive; Front Street building has 12 all one-unit apartment while Cyman Drive has the remaining six units; parking is available in shared lot between the buildings; landlord supplies hot water while tenants are responsible for heat and electric expenses.
Contact: Edward Jordan, Northeast Private Client Group, 203-307-1579
5800 Stanford Ranch Rd., Building 300
Location: Rocklin, Calif.
Price: $787,000
Rentable SF: 3,498 SF
Property Type: Office
Year Built: 2003
Highlights: One-story property; parking ratio of five spaces per 1,000 square feet; tenant currently occupies 1,507 SF; located within a 35-minute drive to Sacramento International Airport
Contact: Tom Tyer, Colliers International, 916-563-3027
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