Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Mission Villas (the "Property"), a ±1.05 acre site with active entitlements to construct 16 new duet-style single family residences in Fremont, California. Situated 1.5 miles from the Fremont BART station and 3.2 miles from Interstate 680, the Property is a rare in-fill development site offering strategic access to the San Francisco Bay Area’s most notable employers.
Mission Villas has Tentative Map approval through May 12, 2019. The Final Map, Improvement Plans and Joint Trench Plans have been drafted but have yet to be submitted to the City of Fremont for its approval. Construction Drawings and Architectural Review are expected to be completed by the selected purchaser of Mission Villas.
The Property provides the rare opportunity to acquire an entitled single family project in the San Francisco Bay Area’s fourth largest city. With immediate access to the region’s world-renowned economy, admission to the highly regarded local public school system and numerous recreational amenities, Mission Villas will provide home buyers the exceptional quality of life standard enjoyed by Fremont residents.
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Villa Esta, a 28-unit apartment building located in San Leandro, California. Situated within walking distance of the San Leandro BART station and immediately proximate to Interstates-880 and -580, the Property offers market proven value-add potential with strategic access to the San Francisco Bay Area’s most notable employers.
Current ownership has self-managed Villa Esta for approximately 40 years. Completed capital improvement projects include: seismic retrofit, elevator mechanical systems replacement, resurfacing of driveways/parking stalls and partial roof replacement.
Villa Esta provides the unique opportunity to acquire a sizeable value-add property situated in a preferred inner East Bay community. No units at the Property have been updated to modern finishes – 1 bedroom and 2 bedroom rents average $1,201 and $1,400, respectively. Meanwhile, rehabbed 1 bedroom rents in the immediate area command rents up to $2,150 and renovated 2 bedroom units lease for upwards of $2,395. With three vacancies and 25 month-to-month leases, investors can execute on the neighborhood’s market proven value-add strategy and quickly unlock Villa Esta’s tremendous upside potential.