The nearly 99,000-square-foot building is only 37% occupied. It's a potential candidate for redevelopment, on a 5.65-acre site on the outskirts of Severance Town Center.
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ASHLAND Downtown Ashland might be seeing more rental space following the sale of the Park Place building to a doctor from California.
In April, Dr. Vikas Ghai, an oncologist at Adventist Health Bakersfield, bought the building at auction for $735,000, according to Boyd County PVA records. Bobby Meade, owner of Central Uniform and Scrubs inside the building at 1701 Central Avenue, is acting as the eyes on the ground for VSI Assets, the holding company Ghai created to buy the building.
Meade said the idea for the building is to transform it into a mix of commercial and rental spaces, but he said the situation is âfluid.â
Park Place sees new investor dailyindependent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyindependent.com Daily Mail and Mail on Sunday newspapers.
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Jeff Sutton unloads Midwood commercial building
Sale was 1 of 3 recorded in the $10M-$30M range last week
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14 Vesey Street, 1123 Avenue J in Brooklyn, and Jeff Sutton of Wharton Properties (Americasroof/Wikipedia, Google Maps, Wharton)
Jeff Sutton’s Wharton Properties has unloaded a Midwood commercial building, one of three mid-market investment sales in the city last week.
The deals totaled $39.6 million and included three-building multifamily portfolio, a commercial building and an office building. The total was far less than the previous week’s $127 million for eight transactions. Investment sales between $10 million and $30 million are included in the weekly mid-market roundup.