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.
