Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Idora Apartments (the "Property" or "Idora"), a 33-unit luxury midrise apartment community located in Oakland, California. Situated in Oakland’s trendy Temescal neighborhood, the property provides the rare combination of modern design, a core location and instant transit access.
Completed in 2017, Idora was constructed to condominium-quality standards and has a condominium map in-place. The Property is a five story luxury apartment community that has a favorable unit mix of 14 one-bedroom and 19 two-bedroom units, in addition to approximately 2,400 square feet of ground floor retail. Idora is located in a thriving Oakland submarket which provides residents easy access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one the world’s premier places to work and play.
Idora Apartments is offered in conjunction with the 50-units located at 777 Broadway located in downtown’s Old Oakland neighborhood. These two properties are available individually or as a portfolio, providing immediate scale.
This 4.1 acre site is located in the dynamic mixed use Liberty Center retail complex, the largest recreational center in the Cincinnati and Dayton region, and provides I-75 visibility. Current PUD would allow land to be developed for several different uses including hotel, office and entertainment