Download the August 2013 Sales Detail (1.1 MB)
MULTI-FAMILY
The apartment market has slowed down significantly. LARGEST SALES- 300 California Avenue: $675,000 or $30,681 per unit, by Daytwa Companies (Urban Investments). Included 22 units that are dated and have some deferred maintenance.
- 680 Lander: 7 unit complex located at that sold for $390,000 or $55,714 per unit.
OFFICE
The office market had ten sales occur in August. LARGEST SALES- 601 Sierra Rose Drive: $2,700,000 or $147.15 (18,348 sf) per square foot, by Dr. Stephen Vicks. The property was purchased out of foreclosure. Branch Banking Trust was the seller.
- 690 E Plumb Lane: $1,300,000 or $81.71 (15,908 sf) per square foot. Sold to Lotus Radio by Schield Investments. The current tenant in this building is Stetson Beemer Insurance.
- 540 Plumb Lane (the green office building in the Plumbgate development): $1,100,000 or $144 per square foot, by Mallard Investments. The building consists of 7,635 square feet.
To read the full report (including INDUSTRIAL, RETAIL and LAND) click here.
July Commercial Sales Report 2013
