The Ridge at McClellan

Posted: 9/8/2016
106 Units
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About

About The Ridge at McClellan

Cushman & Wakefield, Inc., as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in The Ridge at McClellan (the “Property”), a 106-unit, two story garden style apartment community located in Sacramento, California. Ideally located adjacent to one of the largest employment centers in the region, McClellan Business Park, the recently renovated apartment community has a favorable unit mix of 61 one-bedrooms and 44 twobedrooms along with a single studio. The Ridge at McClellan was built in 1963 and underwent an extensive interior and exterior renovation in 2012. Onsite amenities include a resort-style pool, leasing office, four laundry facilities, mature landscaping and gated access. The Property is centrally located in the region and less than two miles from Highway 80, providing easy access to both Downtown Sacramento (10 miles) and Roseville/Rocklin (10 miles). The Ridge at McClellan provides investors with an opportunity to acquire an institutional, fully renovated and stabilized multifamily community in one of the top performing apartment markets in the nation. Consistently over 95% leased, the well-located Property produces an attractive, stable and appreciating cash flow stream. Sacramento remains a supply constrained market and multifamily fundamentals continue to strengthen in the greater region. With the neighboring McClellan Business Park expanding, the Property is poised to benefit from the additional workforce needs and increased wages being earned in the immediate vicinity.