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Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 2531 Grove Way (the "Property"), a newly renovated multifamily community situated in one of the East Bay’s most sought-after submarkets and with no local rent control ordinance. Comprised of (10) two-bedroom townhouse-style apartment homes, the Property has been repositioned to provide one of the premier rental living experiences in the Castro Valley area by offering fully upgraded condominium-quality interiors, in-unit washers/dryers, private individual yards and private garages.

Surrounded by major employers such as Sutter Health, Oracle, Workday, Kaiser and Roche Molecular Systems, 2531 Grove Way experienced a remarkably successful post-renovation lease-up and boasts an average new resident household income of $140,000+ annually. The Property’s instant access to the nation’s top performing economy combined with the area’s severe housing imbalance is expected to result in 47% rent growth by 2029 which far outperforms similar, preferred inner Bay Area locations. 2531 Grove Way offers investors the rare opportunity to acquire a fully-featured and turnkey multifamily investment with embedded upside.
2531 Grove
10 Units
2531 Grove Way
Hayward, CA
Closed: 6/10/2020
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire 1939 Market Street (the "Property"), a ±0.27 acre high-density mixed-use development site in San Francisco, CA. Situated at the nexus of Hayes Valley, Duboce Triangle and Mission Dolores, the Property’s zoning places no limits on unit-density and allows for the construction of structures up to 85-feet in height. 1939 Market Street’s central, infill location combined with a world-class Transit Score of 100 provides future residents immediate access to the city’s renowned live-work-play offerings.
1939 Market Street is currently a two-story office building and a 16 space parking lot. Under the current NCT-3 zoning an investor is afforded the opportunity to program the highest-and-best use for the site. San Francisco’s housing crisis coupled with statewide efforts to stimulate dense housing development near transit services, makes the Property an ideal site for a luxury apartment homes or condominium community.
With a central location on one of the city’s iconic thoroughfares, the 1939 Market Street Site will benefit from San Francisco’s position as a leading business and cultural center that continues to attract the world’s most affluent residents and notable employers.
1939 Market
0.27 Acres
1939 Market Street
San Francisco, CA  94103
Type: Land
Closed: 3/20/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 1500 S Street (the Property), a ±0.74 acre fully entitled development site located in Sacramento, California. Situated steps away from the epicenter of Sacramento’s thriving urban revival, the Property is a rare in-fill development site offering immediate access to the largest employment center in the region and the abundant lifestyle amenities comprising the neighboring historic R Street Corridor. 1500 S Street is approved to be built as a new five-story, mixed-use building with 76 residential units and 12,800 square feet of ground floor retail. With adjustments to this currently contemplated design, up to 123 residential units can be built at the site. Existing project approvals expire October 24, 2019. 1500 S Street provides the rare opportunity to acquire a significant and approved infill project adjacent to the core of Sacramento’s most coveted urban submarket. With modern design and a transit-friendly location, the Property will offer a highly amenitized living experience for tenants seeking convenient enjoyment of Sacramento’s transforming downtown.
1500 S Street
0.74 Acres
1500 S St
Sacramento, CA  95811
Type: Land
Closed: 7/19/2019
Cushman & Wakefield, as exclusive advisor to Blake Griggs Properties and JD Capital, is pleased to present the opportunity to acquire the 100% fee simple interest in Artist Walk (the "Property"), a recently completed, transit-oriented community consisting of 185 apartment homes and 30,259 square feet of prime retail in Fremont, California. As one of the fastest growing cities in Silicon Valley, Fremont has experienced 23% middle-income growth during the past five years, with a current median household income that has risen to $122,200. Surrounded by major employers such as Facebook, Tesla, Stanford Health Care, Kaiser Permanente, Seagate, and Thermo Fischer Scientific, the Property experienced a remarkably successful lease-up to a very affluent renter-by-choice demographic. Artist Walk currently boasts an average resident income of $160,571 - positioning the Property to outperform the market in terms of rent growth. As a fully amenitized Silicon Valley community adjacent to an ACE/Amtrak station, Artist Walk offers an investor the opportunity to acquire one of the best multifamily developments in Silicon Valley at below replacement cost.
Artist Walk
185 Units
3888 Artist Walk Commons
Fremont, CA  94536
Closed: 7/15/2019
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire the 100% fee simple interest in Village Green (the "Property"), a 224 unit garden-style apartment community with significant value-add upside in Suisun City, California. Diligently maintained during 32 years of ownership, each unit possesses a washer/dryer while 91% of the Property’s units remain un-renovated and provide a substantial path to additional revenue.
As one of the top performing apartment markets in the San Francisco Bay Area, Fairfield/Suisun City is projected to further outpace the region with 44% rent growth through 2028. The Property benefits from being surrounded by 5 million jobs and has maintained 96% average occupancy over the past three years. Village Green offers an investor the opportunity to acquire a well-maintained property with market proven value-add potential at below replacement cost.
Village Green
224 Units
766 Sunset Avenue
Suisun City, CA  94585
Closed: 6/28/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Footprints on the Bay (the "Property") a 96-unit garden-style apartment community located in Monterey, California. Situated in a highly sought after coastal market, Footprints on the Bay is Monterey’s second largest multifamily property and provides residents convenient access to the region’s diverse employers such as the Naval Post Graduate School, Community Hospital of Monterey Peninsula, Cal State Monterey Bay, Dole Fresh Vegetables Company and Pebble Beach Resorts.

Footprints on the Bay was built in 1972 and is situated on 4.32 acres of mature, landscaped grounds. The well-amenitized property has a favorable unit mix of 8 Studios, 44 one-bedroom units and 44 two-bedroom units. Footprints on the Bay has the added benefit of an existing condo map. 116 former apartment units have been sold off as condos. Although current ownership has diligently maintained the asset, no units at Footprints on the Bay have undergone a modern renovation program. With the opportunity to invest in an asset repositioning, an investor can execute on a market proven value-add strategy and unlock the tremendous upside potential of Footprints on the Bay.

Footprints on the Bay
96 Units
300 Glenwood Circle
Monterey, CA  93940
Type: Conventional
Closed: 5/3/2019

The subject properties located at 2933-2977 24th Street & 1205 Alabama Street comprise a mixed-use apartment building situated in the heart of the Mission neighborhood of San Francisco. The properties consist of three residential units and three ground floor commercial units. The ground floor retail tenants include a jewelry shop, a hair salon, and a bakery that has been in business for over 50 years.

These buildings are located on 24th Street in the heart of one of the busiest retail and entertainment corridors in the Mission District and only 6 blocks from the 24th Street BART station providing residents convenient transportation. Known as one of San Francisco’s most culturally diverse and artistically flourishing neighborhoods, The Mission District is highly attractive to tenant with its restaurants, street murals, coffee houses, boutiques, and parks. The properties are within walking distance of famed Valencia Street, Potrero Hill, and Dolores Park. The area is serviced by excellent public transportation options, and also boasts a walk score of 95 and an even higher bike score of 99.

*The Property is offered unpriced to qualified parties on a best-offer basis with a potential bid deadline to be determined.

24th & Alabama
6 Units
2933 24th Street
San Francisco, CA
Closed: 11/16/2018
The Cushman & Wakefield Northern California Multifamily Advisory Group is pleased to present the exclusive listing of an approximately 5.5-acre high density transit oriented development site in San Leandro, California (the Property). This strategically situated development site is the largest infill development site available for purchase in San Leandro. It is located only 1/4 of a mile away from the San Leandro BART station and other transit options. The San Leandro submarket is an evolving and expanding residential district, and represents one of the Bay Area’s premier urban investment locations. The City of San Leandro general plan EIR paves the way for proposed projects which are consistent with zoning and general plan requirements. The Property represents the ability to potentially deliver 400+ multifamily units in a TOD infill location steps away from BART.
San Leandro Transit Oriented Development Site
5.03 Acres
Alvarado Street & Antonio Street
Type: Land
Closed: 7/1/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in The Falls at Arden (the “Property”), a 272-unit apartment community located in Sacramento, California. Situated six miles east of Downtown Sacramento and two miles from California State University Sacramento, the Property provides residents convenient access to the region’s major employment centers. Upscale retail, dining, grocery and entertainment options are also in the immediate vicinity.

The Falls at Arden was built in 1986 and over $3.6 million worth of interior and exterior improvements have been completed since March 2016. The Property has a favorable mix of 72 studio units, 144 one-bedroom units, and 56 two-bedroom units. The clubhouse and fitness center have undergone a complete renovation while washers and dryers have been added to approximately 70% of the one and two bedroom units. These improvements have resulted in effective rent growth of 15.6% over the past 12 months.

The Falls at Arden
272 Units
2345 Northrop Avenue
Sacramento, CA  95825
Type: Conventional
Closed: 2/1/2018
The Cushman & Wakefield Northern California Multifamily Advisory Group, as exclusive advisor, is excited to announce the sale of The Henley Apartment Homes (the “Property”), a 240-unit garden style apartment community located near the waterfront district of Suisun City, California. The Henley, completed in 1985 and partially renovated in 2007 and 2016, includes 84 one-bedroom and 156 two-bedroom apartment homes, all at market rate. The Property, located less than 3 miles from Interstate 80, provides strategic access to the San Francisco Bay Area, Sacramento Region, and the world renowned Napa Valley. The Henley is a stabilized, two-story apartment community developed with high quality construction and numerous interior and exterior amenities. The Property is located less than two miles from the substantially redeveloped Suisun City Waterfront District, the centerpiece of the city providing residents access to an idyllic community with shopping, dining, culture, and recreation transforming it into of the most desirable places to live in Solano County.
The Henley Apartment Homes
240 Units
311 Sandy Lane
Suisun City, CA  94585
Type: Conventional
Closed: 10/1/2017
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.
The Ridge at McClellan
106 Units
5520 Generals Place
Sacramento, CA  95660
Type: Conventional
Closed: 1/17/2017