Andrew Cratsenberg Reflects on a String of Recent Commercial Real Estate Investments
From DuPont, Washington, to Phoenix, Arizona, attorney, and seasoned property investor Andrew Cratsenberg continues to add to his extensive portfolio of commercial real estate sites, with recent investments alone totaling over ten million dollars in value. Here, the attorney and property expert shares details of five recent investments made across the U.S.
Through his company Elite Property Investments, LLC, Cratsenberg recently acquired the commercial retail building located at DuPont Station, 1540 Wilmington Drive, DuPont, Washington, for a purchase price of $1,100,000. Elite Property Investments, LLC is a Washington state corporation and paid cash for the Wilmington Drive site. The DuPont Pierce County Library currently leases the property.
Through the same limited liability company, Cratsenberg also acquired the commercial retail building located at 1575 Wilmington Drive, DuPont, for a further $920,000.
The city of DuPont is located just 10 miles from Olympia, the Washington state capital. A fast-growing, Weyerhaeuser-planned community, DuPont has seen rapid development in recent years, with the population almost doubling in a little over a decade. As a result, both commercial and residential properties in the area have seen significant increases in value. DuPont is also located within close proximity of one of the largest military installations in the United States, Fort Lewis’ Joint Base Lewis–McChord.
Washington-based attorney Andrew Cratsenberg shares details of recently secured real estate investments worth a total of over $10 million.
Also investing heavily in and around Phoenix, Arizona, one of three further properties recently acquired by Cratsenberg, this time through his company Ahwatukee Hills Plaza, LLC, is the commercial retail building located at 4923 East Chandler Blvd, Phoenix, purchased for a price of $1,900,000. An Arizona state corporation, Ahwatukee Hills Plaza, LLC paid cash for the East Chandler Blvd site. The property is currently leased by a number of prominent brands.
A second site, situated within a well-liked retail plaza and located 20 miles north of central downtown Phoenix, is the commercial retail building, identified as Building B, at 20811 North Cave Creek Road. Acquired by Andrew Cratsenberg through his company Cave Creek Commons, LLC, the Arizona state corporation paid $2,100,000 in cash for the site, which is currently occupied by four tenants, including the popular Rustic Cafe.
Third of Cratsenberg’s recent Arizona real estate investments is situated in the Phoenix metropolitan area town of Gilbert. Acquiring a substantial commercial shopping center site in the town through Wildflower Village, LLC, Cratsenberg paid a further $4,600,000 for the building at 3425 East Baseline Road, Gilbert. The property is currently leased by a number of businesses, with Wildflower Bread Company being the anchor tenant.
Across the five real estate acquisitions outlined above, made by Andrew Cratsenberg and Elite Property Investments, LLC, Ahwatukee Hills Plaza, LLC, Cave Creek Commons, LLC, and Wildflower Village, LLC, the total investment value staked between the King County resident and his four distinct limited liability companies equates to $10,520,000.