6 REO Special Servicer Properties for Sale through Auction

Wednesday, April 24, 2019

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the special servicer, is marketing six REO properties for sale. Each property will be independently sold on an online auction via Real Capital Markets (RCM).

Please click on the corresponding link below each property description to view detailed information and to visit the RCM auction platform.

REO Properties for Sale and Investment Highlights

Sierra Meadows Plaza is a 52,082-square-foot retail property for sale in Reno, Nevada, that is 58.4% occupied.

  • Dense Trade Area with Ideal Demographics:  Sierra Meadows Plaza benefits from its surrounding demographics that include approximately 70,000 residents with an average household income of $84,000 living within a three-mile radius of the property. The affluent surrounding neighborhood provides a consistent consumer base for the Property.
  • Retail Node Location:  Sierra Meadows Plaza benefits from its position between Whole Foods, Target and The Home Depot, as well as its proximity to the highly trafficked US-395.

To to view more information about this commercial property for sale and to visit the RCM auction platform, click here.



 

Bellerive Plaza is a grocery-anchored retail property for sale in the Lexington, Kentucky, MSA.  The 75,730-square-foot property is 79.9% leased.

  • Dense Trade Area with Ideal Demographics:  The area features a healthy average household income within a one- and three-mile radius of approximately $150,000 and $122,000, respectively. The affluent surrounding neighborhood provides a consistent consumer base for the property in a growing, local economy, as supported by the area’s remarkable population growth of 36% since 2000 when benchmarked against the 2019 estimate of 42,000 residents within a three-mile radius.
  • Kroger-Anchored Shopping Center:  The property’s anchor tenant, The Kroger Co., is the leading supermarket in the United States based on retail sales of over $105 billion in 2017 and has an investment grade credit rating of BBB by S&P.

Click here for more information about this commercial property for sale and to view the RCM auction website



West Oaks Square is a 19,963-square-foot retail property in the Orlando area that is 60.1% occupied.

  • Attractive Available Units Well-Positioned for Immediate Lease-Up:  Investors will benefit from near-term upside at the property upon leasing the two presently vacant suites, which includes the centermost 2,925-square-foot suite and a 5,045-square-foot endcap that can be divided for more than one user.
  • Dense Trade Area with Ideal Demographics:  West Oaks Square benefits from strong surrounding demographics which includes 100,000 residents with an average household income of $84,000 living within a three-mile radius of the property. The affluent surrounding neighborhood provides a consistent consumer base for the property.

For further information on this REO retail property for sale and to be directed to RCM’s auction platform, click here.



Bishop Street Lofts is a 31,122-square-foot mixed-use residential and retail property for sale in Chicago, Illinois, that is 96.7% occupied.

  • Within Minutes of Chicago’s Arts, Businesses and Higher Education:  Bishop Street Lofts is located within the Pilsen neighborhood of Chicago, which rests minutes outside of the city and grants tenants access to a diverse culture and vibrant atmosphere that is supported by top universities, urban attractions and a history of stability.
  • Ideal Demographics in a Growing Local Economy:  The subject benefits from strong surrounding demographics that features nearly 70,000 residents, up 27% since 2000, with an average household income of $83,000 living within a three-mile radius of the property. The affluent surrounding neighborhood provides for a healthy tenant base, while offering an economic solution to living costs in comparison to rents within the Chicago CBD.

Click here to visit RCM’s auction site and to learn more about this multi-housing property with retail space for sale in Chicago. 



Thomson Campus is a vacant 150,360-square-foot office building in Nevada City, California.

  • Highly Educated Workforce:  The surrounding region is bound by four major universities within a 90-minute drive: University of California - Davis, California State - Chico, California State - Sacramento & University of Nevada - Reno. As a result, 62% of the population within a one-mile radius have attained at least some college or associate degree, or higher.
  • Healthy Demographics within Subject Neighborhood:  The property is in the Sierra Nevada foothills, whose housing market has fared well historically as proven by a steady year-over-year increase in value. Within a one-mile radius of the subject, the median housing value is approximately $419,000. Values can be attributed to the area’s strong workforce, which supports an average household income of $87,000 for the same trade area.

To learn more about this office property for sale, click here to be taken to RCM’s auction platform. 



Stonecrest Marketplace is a 70.29%-occupied, 264,609-square-foot retail center in the Atlanta MSA.

  • Well Positioned within a 1,000-Acre Master-Planned Development:  Stonecrest Marketplace lies within the heart of a 1,000-acre development that is actively growing and features a mix of office, residential, entertainment, hotels and retail. Atlanta Sports City, a 200-acre, $350 million athletic facility within the immediate area, is scheduled to be delivered in early 2020.
  • Retail Corridor Location:  Stonecrest Marketplace’s tenants benefit from its location at the intersection of Turner Hill Road and Mall Parkway, which is a highly trafficked thoroughfare that sees 20,000 vehicles per day. In addition to sitting adjacent to a 1.2-million-square-foot super regional mall, known as the Mall at Stonecrest, the property sits within a retail corridor among a diverse mix of national and local tenants.

Click here to visit RCM’s auction website to learn more about this retail property for sale. 



Bidding begins on Tuesday, May 28, and closes on Thursday, May 30. For questions and information, please contact Tom Hall, Patrick Arnold or Stephen Van Leer.

For a listing of other available commercial real estate properties for sale, please click here.

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