Berkeley Square

Posted: 1/4/2021
48 Units
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About

About Berkeley Square

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Berkeley Square (or the "Property"), a 48-unit multifamily investment offering in San Jose, California. Featuring 33 fully renovated units, Berkeley Square is a Silicon Valley value-add offering with significant upside through the renovation of the remaining 15 units in classic condition. Current ownership has not yet implemented a RUBS program, allowing a future owner to realize additional revenue from utility billback. A new owner will also be able to capture the significant loss-to-lease factor for renovated units as well as benefit from substantial operational savings for a total upside of 32% of current income.