NEW BRAUNFELS, TEXAS — Marcus & Millichap has brokered the sale of TEPCO Storage, a 45-unit self-storage facility in New Braunfels, located on the northeastern outskirts of San Antonio. The site spans 1.4 acres. Jon Danklefs of Marcus & Millichap represented the seller in the transaction. Sean Delaney, also with Marcus & Millichap, represented the buyer. Both parties were limited liability companies that requested anonymity.
THE WOODLANDS, TEXAS — Locally based brokerage firm Newcor Commercial Real Estate has arranged the sale of a 10,000-square-foot industrial building located north of Houston in The Woodlands. Ryan Dierker and Rob Banzhaf of Newcor represented the seller, Black Forest Ventures, in the transaction. O.J. Bobek of Bobek Realty Group represented the buyer, M. Libman Investment LLC. The single-tenant building was fully leased at the time of sale.
PROVIDENCE, R.I. — JLL has brokered the sale of a 30,000-square-foot medical office building in Providence. Built in 2006, the building was 96 percent leased at the time of sale to tenants offering urgent care, primary care, imaging, pediatric care, physical therapy and pathology services. A partnership between Sendero Capital and Angelo Gordon acquired the asset from an undisclosed seller. Brannan Knott, Mindy Berman and Anthony Sardo of JLL brokered the deal.
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $5.8 million sale of a 25-unit affordable housing complex located at 201 W. 148th St. in Harlem. Information on specific income restrictions was not disclosed. Victor Sozio, Shimon Shkury and Michael Tortorici of Ariel Property Advisors represented the seller in the transaction. Additional terms of sale were not disclosed.
BIG RAPIDS, MICH. — Marcus & Millichap has arranged the sale of a 50-unit manufactured home community in Big Rapids, about 55 miles north of Grand Rapids. The sales price was undisclosed. Known as Circle Drive Mobile Home Park, the 30-acre property is located at 12380 185th Ave. Ryan Engle, Andrean Angelov and Brad Kreppel of Marcus & Millichap represented the buyer and seller, both of which were private investors.
MIAMISBURG, OHIO — Friedman Real Estate has brokered the sale of Prestige Plaza in Miamisburg, a southern suburb of Dayton. The sales price was undisclosed. The retail center, which totals 22,661 square feet, is home to tenants such as Leslie’s Pool Supplies. Rich Deptula of Friedman represented the undisclosed buyer and seller. Ten-X was the auction partner.
GLENDALE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale and financing of Country Gables, a multifamily property in Glendale. Western Wealth Capital sold the asset to Dalan Management for $28 million, or $201,439 per unit. Completed in 1984, Country Gables features 139 one- and two-bedroom/two-bath apartments with walk-in closets, stackable or full-size washer/dryers, private patios or balconies with designated storage space and vaulted ceilings in second-story units. Community amenities include a swimming pool, laundry facility, covered parking and controlled access gated entry. Cliff David and Steve Gebing of IPA represented the seller and procured the buyer in the transaction. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Tyler Johnson of IPA Capital Markets’ team arranged acquisition financing on behalf of the buyer. The direct lender was not disclosed.
SCOTTSDALE, ARIZ., AND PHOENIX — MCR has purchased two hotels in the greater Phoenix area: Holiday Inn Express & Suites Scottsdale – Old Town and Hampton Inn by Hilton Phoenix-Biltmore. With this acquisition, MCR now owns nine hotels in Arizona. Located at 3131 N. Scottsdale Road in Scottsdale, Holiday Inn Express & Suites features 169 suites and is 1.5 miles from Fashion Square Mall. Hampton Inn Phoenix-Biltmore, located 2310 E. Highland Ave. in Phoenix, features 121 rooms. Bill Murney with Cushman & Wakefield’s Hospitality team in Phoenix represented the seller, MIG Real Estate, in the transaction. The sales price was not disclosed.
PUEBLO, COLO. — Cushman & Wakefield has arranged the sale of Belmont Heights Apartments, a multifamily community located at 1408-1224 E. 21st St. in Pueblo. Anchor Belmont purchased the asset from an entity doing business as Belmont Heights Apartments LLC for $3.6 million, or $100,000 per unit. Lee Wagner and Jeff Dimmen of Cushman & Wakefield’s Multifamily Investment Services team in Colorado Springs, Colo., represented the buyer and seller in the transaction. The five-building complex features 36 units, including select units offering extra half-bathrooms and fireplaces, 20 townhome-style units and outdoor courtyards. The property offers a mix of 16 one-bedroom, 16 two-bedroom and four three-bedroom floor plans.
MONROE, N.C. — Cushman & Wakefield has brokered the sale-leaseback of a 183,509-square-foot manufacturing facility located at 1710 Airport Road in Monroe. Circor International sold the property, which will continue to serve as the headquarters for the company’s IMO Pump brand. Built in 1979, the building was expanded in 2008. Rob Cochran, Bill Harrison, Nolan Ashton and Tommy Whitmore of Cushman & Wakefield represented Circor International in the transaction. Monroe Airport Industrial LLC, an affiliate of Welcome Group, acquired the facility for an undisclosed price. Ted Kakambouras of Welcome Group and Allen de Olazarra of Equity Real Estate Partners represented Welcome Group in the transaction. Jason Hochman, Ron Granite and Bradley Geiger of Cushman & Wakefield secured acquisition financing on behalf of the buyer.