On the Market: 5 Interesting Listings for April
This month’s listings include a historic castle-like office building in Portland, Maine, and an award-winning asset with an all-stone exterior in Chadds Ford, Pa.
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.
1101 Technology Drive, Ann Arbor, Mich.
Avis Farms Office
Location: 1101 Technology Drive, Ann Arbor, Mich.
Price: $3.4 million
Building Size: 24,840 square feet
Property Type: Office
Highlights: High-end finishes, high ceilings, ample parking and a park-like setting as the building is surrounded by woods. Tenants can benefit from the streams, ponds and walking trails available nearby. The asset has approximately 10,000 square feet of space available.
Contact: Jim Chaconas, Colliers, 734-769-5005
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1522 Bethlehem Pike, Hatfield, Pa.
1522 Bethlehem Pike
Location: Hatfield, Pa.
Price: $2 million
Building Size: 58,934 square feet
Property Type: Industrial (Showroom)
Highlights: The facility functions as a retail showroom and warehouse, having approximately 550 feet of frontage along Bethlehem Pike. The asset features 3 tailgate loading doors, 10 to 12-foot ceiling heights, sprinklers, smoke and heat detectors and a parking lot accommodating up to 90 vehicles. Next to it is a 15,000-square-foot vacant corner lot.
Contact: Barry Greenberg and Larry Bergen, Colliers International, 215-928-7547 and 215-928-7528
1361 Baltimore Pike, Chadds Ford, Pa.
1361 Baltimore Pike
Location: Chadds Ford, Pa.
Price: $3 million
Building size: 7,700 square feet
Property type: Office
Highlights: two-story property completed in 2013 with an award-winning architectural design throughout; high-end finishes; full stone exterior; the four-acre site encompasses a parking lot accommodating up to 30 vehicles; separate entrances on both floors; one floor is furnished.
Contact: Jim Dare, Newmark Knight Frank, 610-755-6988
The Castle at Brickhill
5 Red Oak Drive, Portland, Maine
Location: 5 Red Oak Drive, South Portland, Maine
Price: $9.9 million
Building size: 55,608 square feet
Property type: Office/Medical
Highlights: A landmark of South Portland, the building overlooks the Fore River and Portland International Jetport; easily accessible via interstates 295 and 95 and minutes from the city’s downtown; current tenants include Maine Medical Partners Urology and Women’s Health, Portland Community Health Center, iCST and MMC Population Health.
Contact: Thomas Moulton, NAI The Dunham Group, 207-773-7100
2275 W. Burnside St., Portland, Ore.
2275 W. Burnside St.
Location: Portland, Ore.
Price: $3.5 million
Building size: 6,652 square feet
Property type: Office
Highlights: the asset is located in the popular Northwest District and offers rare off-street parking; the corner of N.W. 23rd Ave. and Burnside received high daily traffic as the 23rd Ave. crosses the retail district.
Contact: Todd VanDomelen, Norris & Stevens, 503-225-8475
Images via Google Street View
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