CRE professionals from across North America shared their wins and how they were able to complete sales for different commercial sectors, including industrial, multifamily and retail. Check out this month’s CRE featured deals:
Riley Mari
Locarno Legacy Corporation
3970-3998 Main Street, Vancouver, BC
Type: Mixed-Use Property Sale
Size: 13,273 SF
Client: Locarno Legacy Corporation
The well-located mixed-use property is located at 24th and Main in Vancouver. The buyer intends to redevelop the property as mixed-use retail and residential building. The project will include 6600 sq. ft of prime retail space and 60 market residential rental units.
Gordon Olson
Prime Realty Inc.
4933 University Blvd, Jacksonville, Florida
Type: Office Sale
Size: 4,597 SF
Price: $2.4 Million
Kathi Constanzo
Coldwell Banker Commercial NRT
15768 Arrow Highway, Irwindale, California
Type: Office Sale
Size: 13,335 SF
Price: $8.6 Million
Sold for $8.6 Million, $1.12 Million over appraised value. This property is a great Single Tenant NNN Investment opportunity with a National Credit Tenant/long term lease. This 13,335 SF medical building is surrounded by many retail amenities such as Starbucks, Carl’s Jr, Quiznos, and Farmer Boys. It is located in the center of Los Angeles County in the City of Irwindale, home to many well-known companies in the food, aerospace, and manufacturing industries. The building is of newer construction, built to suit in 2018 for the express use of a medical clinic with over 97 parking spaces.