On the Market: 5 Interesting Listings for February
This month’s listings include a church in Chicago, a medical office close to Denver and an office building designed in Spanish Colonial style located in Scottsdale, Ariz.
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.
4850-54 N. Bernard St., Chicago
4850-54 N. Bernard St.
Location: Chicago
Price: $5.6 million
Building Size: 40,000 square feet
Property type: Adaptive reuse/Office
Highlights: a three-story Albany Style church, which can be transformed into an office building; completed in 1929; has three entryways with an arch design; the building already features several meeting rooms, high ceilings and golden crown moldings; four sets of stair cases enable interior access between buildings.
Contact: Century 21 Affiliated
8787 E. Pinnacle Peak Road, Scottsdale, Ariz.
Alamos Building
Location: 8787 E. Pinnacle Peak Road, Scottsdale, Ariz.
Price: $3.7 million
Building size: 21,731 square feet
Property type: Office
Highlights: A two-story building designed in Spanish Colonial style, completed in 1985 and upgraded in 2013; offers views of McDowell Mountain; surrounded by a landscaped, gated courtyard; architectural features include a decorative fountain within the courtyard, open air walkways, decorative columns and Saltillo tile; 91 parking spaces of which 30 are covered; proximity to restaurants and grocery stores.
Contact: Philip Wurth (480-655-3310) and Michael Milic (602-222-5050) of Colliers International
435 Blue Hill Ave., Boston
435 Blue Hill Ave.
Location: Boston
Price: $4.4 million
Building size: approx. 20,000 square feet
Property type: Office
Highlights: A four-story building located on a visible corner in Boston’s Dorchester neighborhood; completely renovated in 2008; features ground floor retail space and 18 parking spaces.
Contact: Jason Weissman and Kevin Benzinger of Boston Realty Advisors
Elk Crossing
Location: 1189 S. Perry St., Castle Rock, Colo.
Price: $3.5 million
Rentable building area: 15,234 square feet
Property type: Medical office
Highlights: A two-story building part of the Elk Crossing Business Center; completed in 2004; shares more than 200 parking spaces with the other two venues part of the complex.
Contact: Corey Sandberg of Pinnacle Real Estate Advisors (303-962-9555)
16920 Lincoln Ave., Parker, Colo.
16920 Lincoln Ave.
Location: Parker, Colo.
Price: $9.2 million
Building size: 16,500 square feet
Property type: Retail
Highlights: Completed in 2017, the property is leased to CVS Health on a 25-year contract.
Contact: Justin Brochman (303-962-9553) and Jules Hochman (303-962-9553) of Pinnacle Real Estate Advisors
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