1901 Broadway is currently a 28,415 square foot vacant office building with a 51 stall parking lot. One of the most respected architectural firms in the Sacramento region has contemplated a new 224 unit surface-parked multifamily community with 4,772 square feet of complementary ground floor retail space. The City of Sacramento is a supportive partner that has already proven it will approve a highdensity project at this site and is eager to help bring this development to fruition.
1901 Broadway provides the rare opportunity to acquire a significant infill development opportunity in the heart of Sacramento’s urban revival. With a high-efficiency design and transit-oriented location, the Property will provide future residents a highly amenitized living experience and convenient enjoyment of Sacramento’s highly sought after lifestyle amenities.
Sacramento, CA 95818
Surrounded by two BART stations and major employers such as Sutter Health, Oracle, Workday, Kaiser and Roche Molecular Systems, Castro Valley has experienced 26% rent growth in the past 5 years. The Property’s instant access to the San Francisco Bay Area’s diversified economy combined with the area’s persistent housing imbalance is expected to result in 17% rent growth by 2025 while maintaining over 95% average occupancy. While located in Castro Valley, 1849 Knox is within the Hayward Unified School District boundaries. Available for acquisition at 28% below replacement cost, 1849 Knox presents the exceptional opportunity to capture significant rental upside in one of the San Francisco Bay Area’s most central and accessible locations.
Castro Valley, CA 94546
Located within walking distance of the San Leandro BART Station, Downtown San Leandro and the new ±1MM square foot San Leandro Tech Campus, Creekside Apartments benefits from its strategic access to the most innovative companies and highest paying jobs in the world. Median household incomes in San Leandro are forecasted to grow 18% to $95,295 annually by 2024 while the number of local households with annual incomes greater than $150,000 is expected to grow 34% during this same time. Yardi projects rents in the submarket to increase 39% while properties are anticipated to maintain +97% average occupancy through 2029.
With its outstanding accessibility and sound physical plant, Creekside Apartments presents the exceptional opportunity to capture significant upside by implementing a comprehensive renovation program in one of the San Francisco Bay Area’s top performing income growth submarkets.
San Leandro, CA 94577
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.
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.
San Francisco, CA 94103
Sacramento, CA 95811
Fremont, CA 94536
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.
Suisun City, CA 94585
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.
Monterey, CA 93940
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.
San Francisco, CA
Sacramento, CA 95826
Vacaville, CA 95687
Redwood City, CA 94061
San Francisco, CA 94110
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.
Sacramento, CA 95825
Suisun City, CA 94585
Sacramento, CA 95660