Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
CBC represented the buyer in acquiring The Flamingo Garden, a multifamily property at 3711 Cogswell Rd. in El Monte, Calif. as part of a 1031 exchange. The property sold for $12.4 million. Situated in the San Gabriel Valley and east of Los Angeles, the three-story, 58-unit complex was built in 1987.
Coldwell Banker Commercial is pleased to announce the lease execution of 38,908 square feet of industrial space located at 7253 Grayson Rd, Suite 309, in Harrisburg, Penn.
Coldwell Banker Commercial is pleased to have represented the buyer in the acquisition of Kiddie Academy®, located at 188 Woods Dr. in Mechanicsburg, Penn. The transaction value was $3.7 million.
Coldwell Banker Commercial Sunstar Realty, Member of the Schmidt Family of Companies, represented both the buyer and the seller in the sale of a fully insulated metal industrial building in Port Charlotte, Fla. The property was sold for $3.5 million.
Coldwell Banker Commercial is pleased to have represented the seller in the disposition of an outpatient cosmetic surgical/medical office building located at 330 Frontage Rd. in Northfield, Ill. The property sold for $2 million.
Coldwell Banker Commercial has announced the sale of 4260 Capital Circle, located in Janesville, Wis., in a transaction valued at $12.15 million. The industrial property, totaling 150,000 square feet, was built in 2016 and is situated on approximately 13.04 acres.
Coldwell Banker Commercial represented the buyer and seller in selling a 25-unit multifamily building at 1015 Pierce St. in the San Francisco Alamo Square neighborhood. The transaction was valued at $9.88 million. The acquiring entity purchased the apartment complex to add to its portfolio of holdings.
Coldwell Banker Commercial represented the seller in the disposition of Fairview Estates, a 39-unit multifamily property in St. Paul, Minn., for $5.96 million. The four-story property, located at 1776 St. Clair Ave., was built in 1961 and is mainly comprised of one and two-bedroom units.
Escrow closed last week on a 3,596-square-foot retail space at 1260 N. Town Center Drive in Summerlin. The building sold for $3,710,000 and underwent a hefty renovation to accommodate the current tenant, Starbucks, and the coffee giant’s new prototype store design.
CBC is pleased to represent the seller in the Watermark of Gulf Breeze Assisted Living Facility sale at 101 McAbee Ct. in Gulf Breeze, Fla—the property sold for $8.2 million. The sales team was able to attract over 6353 buyers with 138 Confidentiality Agreements signed and 16 fully approved bidders before the auction day,