NEW YORK CITY — JLL has arranged the $7.5 million sale of a 26-unit apartment building located at 200 Mott St. in Manhattan’s Nolita neighborhood. The seven-story building houses one- and two-bedroom units and a retail space that is leased to an Italian restaurant. Hall Oster, Guthrie Garvin, Teddy Galligan, Conrad Martin, Braedon Gait and Bradford Burton of JLL represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the deal. The buyer plans to implement a value-add program.
LAS VEGAS — Las Vegas Valley Water District (LVVWD) has purchased a vacant office building, located at 330 S. Valley View Blvd. in Las Vegas, from a private seller for $21.2 million. Built in 1983 on 10 acres, the two-story building offers 166,409 square feet of office space. The property, as it currently stands, features an atrium, open floor plan with HVAC control systems, controlled access at exterior and major interior doorways, and 870 parking spaces. Additionally, the facility features call-center-quality networking, including redundant fiber optics, Cat6 ethernet cabling and a backup generator servicing the building’s critical systems. LVVWD currently owns 251.5 acres of property directly across the street from the acquisition. The existing portfolio includes administrative buildings, operations support, utility infrastructure, public education buildings and special land preservation area. Marlene Fujita Winkel, Emily Brun and Cody Seager of Cushman & Wakefield’s Private Capital Group in Las Vegas represented the private seller in the transaction.
CHICAGO — Interra Realty has arranged the sale of a 10-unit apartment building in Chicago’s Wicker Park neighborhood for $4.6 million. According to CoStar data, the sales price marks one of the highest ever in the submarket. Located at 1220 N. Bosworth Ave., the property consists of four one-bedroom units, four two-bedroom units and two four-bedroom residences. Amenities include bike storage, a fitness center and rooftop deck. Constructed in 2020, the building was fully occupied at the time of sale. Brad Feldman of Interra represented the seller, a real estate operator for whom he brokered the original acquisition in 2021. Feldman also sourced and represented the buyer, a Chicago-based investment group that assumed the existing loan as part of the deal.
SUMMIT, N.J. — Cushman & Wakefield has brokered the $2.8 million sale of a mixed-use building in the Northern New Jersey community of Summit. The fully leased building at 351-353 Springfield Ave. consists of three apartments and two retail spaces, as well as a three-car garage. Andy Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller and procured the buyer in the transaction. Both parties requested anonymity.
LITTLEFIELD, ARIZ. — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of Scenic Self Storage, a self-storage facility located in Littlefield near both the Nevada and Utah borders. The asset traded for an undisclosed price. Jordan Farrer of Marcus & Millichap’s Salt Lake City office and Adam Schlosser of the firm’s Denver officer represented the seller, a Utah-based investment group. Ryan Sarbinoff of Marcus & Millichap’s Phoenix office served as the broker of record. Marcus & Millichap also procured the buyer, regional storage operators with assets in Utah and Arizona. Located at 3030 S. Scenic Blvd., the 34,770-square-foot Scenic Self Storage consists of eight one-story buildings offering 245 non-climate-controlled units and 109 parking units, totaling 354 units. Amenities include wide-drive aisles, outdoor vehicle parking, drive-up access, online rentals, convenient access and digital surveillance.
LONG BEACH, CALIF. — Colliers has arranged the sale of StorCo Self Storage, a self-storage facility located at 3050 Orange Ave. in Long Beach. The asset traded for an undisclosed price. Situated on 7.5 acres, the nearly 80,000-square-foot StorCo Self Storage features 772 storage units in a mix of container storage, fixed drive-up and fixed interior units. Additionally, the property offers 67 parking spaces, a small billboard, a 3,100-square-foot commercial building and an approximately two-acre industrial outdoor storage parcel located at 1301 E. Spring St., which Rain For Rent occupies. Tom de Jong and Jacob Becher of Colliers’ de Jong | Becher Self Storage Group represented the seller, CREE Investment Co. The name of the buyer was not released.
TUCSON, ARIZ. — God’s Vast Resources has acquired a 7,089-square-foot retail space at 6161 E. 22nd St. in Tucson. The Valley National Bank of Arizona sold the property for $1.1 million. Dave Hammack of Cushman & Wakefield | PICOR represented the seller, while David Montijo of CBRE Tucson represented the buyer in the deal.
DURHAM, N.C. — Cushman & Wakefield has arranged the $70 million sale of 501 Estates, a 270-unit community located in Durham. Jefferson Apartment Group and Stars REI purchased the property from Spyglass Capital Partners LLC. Alex McDermott and Hunter Bowling of Cushman & Wakefield represented the seller in the transaction. 501 Estates was built in 2001 near Durham-Chapel Hill Boulevard. The community offers a mix of garden-style apartments, townhomes and cottages. Amenities at the property include a 3,000-square-foot fitness center, pool, dog park, detached garages and billiards room.
MIAMI — Marcus & Millichap has arranged the $17.7 million sale of a Days Inn hotel located at 7250 N.W. 11th St. in Miami. The 103-room hotel, which includes an onsite Beat Culture Brewery & Restaurant, is situated on the campus of Miami International Airport. Leo Reilly and Robert Hunter of Marcus & Millichap’s Fort Lauderdale office represented the seller, a private investor, in the transaction. The team also procured the Massachusetts-based buyer. Both parties requested anonymity.
HALTOM CITY, TEXAS — A partnership between Phoenix-based developer Creation and Crow Holdings Capital has sold Northmark Commerce Center, a 234,475-square-foot industrial facility located in the northern Fort Worth suburb of Haltom City. The cross-dock facility was fully leased to Ryder Integrated Logistics at the time of sale. Completed in 2023, Northmark Commerce Center features 32-foot clear heights, 56 dock doors and parking for 132 cars and 19 trailers. The site also houses a secured drop lot with 104 additional trailer stalls. Jack Fraker, Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Taylor Hare and Chloie Mercer of Newmark represented the seller in the transaction. The buyer and sales price were not disclosed.