On the Market: 5 Interesting Listings for September

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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.

160 International Parkway. Image via Google Street View

Heathrow International Business Center

Location: 160 International Parkway, Lake Mary, Fla.

Price: $3.7 million

Building Size: 24,500 square feet

Property Type: Office

Year Built: 1997

Highlights: The two-story multi-tenant property is located in one of the most desirable submarkets in the Orlando metro area and offers 12 office units; a value-add opportunity, the office building is 85 percent occupied and features a Cap Rate of approximately 8 percent; located off Interstate 4 and providing superior access to areas throughout Central Florida.

Contact: Anthony Bernabe, Equity Inc. – 407-634-2813 


Raising Cane’s Restaurant

Location: 13001 Round Lake Blvd. N.W., Minneapolis

Price: $5.1 million

Building Size: 2,780 square feet

Property Type: Retail

Year Built: 2018

Highlights: The property is a brand-new construction located near a signalized entrance to the Riverdale Crossing Shopping Center; features a 15-year NNN lease with fixed increases every 5 years with Raising Cane’s restaurant; the surrounding area has strong demographics, with more than 154,000 people earning an average household income of over $95,000 living within a 5-mile radius.

Contact: Jeff Lefko & Bill Asher, Hanley Investment Group – 949.585.7682 and 949.585.7684


6505 Shiloh Road. Image via Google Street View

Point Corporate Business Park

Location: 6505 Shiloh Road, Alpharetta, Ga.

Price: $4.7 million

Building Size: 38,100 square feet

Property Type: Office

Year Built: 2006

Highlights: The property comprises two buildings which total more than 80,000 square feet, but the part that is offered for sale consists of 20,000 square feet in the 6505 building and 5,500 square feet in the 6525 building; the area across the street is home to the 135-acre Halcyon development which provides access to retail, office, hospitality and entertainment venues; the new owner will have the opportunity to increase rents by roughly 20 percent and also the annual NOI by $60,000. 

Contact: Mark Attaway, Marcus & Millichap – 678.808.2700


8020 W. Sahara Ave. Image via Google Street View

8010 & 8020 W. Sahara Ave.

Location: Las Vegas

Price: $6.2 million

Building Size: 48,200 square feet

Property Type: Office

Year Built: 2001

Highlights: The two-building, multi-tenant office park consists of two buildings whose total occupancy nears 70 percent; the tenant roster includes names such as Premier Realty Group, Nevada Golf Association and Dr. Gregory Bowman; the property featured manicured courtyards,

Contact: Charles Moore & Marlene Fujita, CBRE – 702 369 4820 and 702 369 4862


31111 Via Colinas. Image via Google Street View

31111 Via Colinas

Location: Westlake Village, Calif.

Price: $5.5 million

Building Size: 14,000 square feet

Property Type: Industrial

Year Built: 1978

Highlights: The property is an established winery renovated in 2013 which encompasses two units, a wine storage facility and the winery itself, and features three loading docks; it is located across the street from a Four Seasons hotel and is surrounded by several corporate headquarters; it can be accessed via the 101 Freeway, which is two blocks away.   

Contact: James DeBuiser, Marcus & Millichap – 805 351-7144

All information is property of the respective brokerage firms or broker.

 

 

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