2245 West Broadway has been sold. This is a 30-year old, 4-storey concrete office building on West Broadway between Vine and Yew. 50 ft of frontage. Fully leased, mainly to medical tenants.  The 11,600 SF building sold for $4,650,000 (after asking $4,950,000), representing $400/SF and a 3.8% cap rate.

After nearly 6 months on the market, 2999 Grandview Highway, a retail property fully leased to the Brick, has sold for $11,675,000, representing $330 per sq ft., and a 5.5% cap rate. The Brick occupies 35,000 SF on a long-term lease with options.The property is 1.45 acres and zoned CD for retail use. It is located on the North side of Grandview Highway near Renfrew Street.

The Best Western Plus Abercorn Inn located at 9260 Bridgeport Road has sold. The 99 room hotel is located on the South side of Bridgeport directly across from Costco. The hotel sold for $13,492,000, or $136,000 per room.The building was built in the 80’s but was fully renovated in 2011. Colliers’ Hotel group brokered the deal.