On the Market: 5 Interesting Listings for October
This month's listings include a charming 1928-built dinner theater in Connecticut and a stately U.S. Bank building in one of Illinois' wealthiest towns.
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.
Rendering credit: Moso Studio
Essex Crossing
Location: New York, NY
Size: 350,000 SF
Property Type: Office space
Developers: Delancey Street Associates (comprised of Taconic Investment Partners, BFC Partners and L+M Development Partners)
Delivery: expected in 2020
Highlights: Office components of Essex Crossing will be locate within two mixed-use buildings, both of which will include 1,079 units of housing, ground-floor retail, outdoor amenity spaces, the indoor Broome Street Gardens and the Market Line marketplace; office space will include floor-to-ceiling windows on all four sides feature views of the Midtown and Lower Manhattan skylines, high ceilings, bike rooms with showers, outdoor terraces and lobbies, atrium gathering and event spaces and direct access to the F, J, M and Z subway lines.
Contact: James Yolles, Risa Heller, 646-676-4488
3
380 Drennan Industrial Loop South
Location: Colorado Springs, Colo.
Price: $2.6 million
Building Size: 19,668 SF
Property Type: Industrial
Highlights: Lot size of almost 3 acres; located near Colorado Springs Airport; two-story property; built in 2006.
Contact: John Rodgers, Peak Commercial Properties, 719-227-9988
U.S. Bank Building
Location: Hinsdale, Ill.
Price: $7.3 million
Rentable SF: 12,936
Property Type: Office
Highlights: Four-story property occupied by U.S. Bank since 2003; U.S. Bank occupies the basement, two of the three floors, a retail branch on the ground floor and offices on the second and basement floors; prime location in the top one percent of the the wealthiest towns in Illinois; located 18 miles southwest of Chicago; Walk Score of 89.
Contact: Alvin Mansour, The Mansour Group at Marcus & Millichap, 858-373-3187
9551-9591 Irvine Center Drive
Location: Irvine, Calif.
Price: $2.6 million
Price/SF: $339
Units: 1
Unit Size: 7,572
Property Type: Condo/flex
Highlights: More than 7,500 SF industrial condo with 4,648 SF of office space; built in 2007; one ground-level door measuring 12 feet wide and 14 feet high; parking ratio is three to one; warehouse clear height is 22 feet; located within Koll Center II industrial park; rare corner unit with ample natural light; amenities include 24-hour availability, air conditioning, signage and skylights.
Contact: Todd Swanson, Lee & Associates, 949-790-3169
Gibson Cafe & Theater
Location: Winsted, Conn.
Price: $950,000
Rentable SF: 11,119 SF
Property Type: Retail/movie theater
Year Built: 1928
Highlights: Two-screen dinner theater showing first-run movies; main level has 160 seats and second level has 55 seats; theater has full kitchen and two full bars; separate Mexican restaurant and bar onsite seats 14 and has separate utilities; three restrooms and one ADA-compliant restroom.
Contact: Gerry Matthews, Matthews Commercial Properties, 203-753-5800
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