Past Sales

Refine Your Search

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

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 Rivers Phase II – Lots 506, 507, and 508 (the “Property”), a 9.93-acre property approved for high-density residential development located in the city of West Sacramento, California. The Property is comprised of three contiguous lots totaling 9.93 net acres with the potential to build up to 335 units (33.7 du/acre). The Property is zoned Waterfront Planned Development (WF PD-29). The Property is ideally located within proximity to Sacramento’s top attractions including: Raley Field, Old Sacramento, Downtown’s central business district, and state capitol buildings and several government employers.
The Rivers
17.4 Acres
West Sacramento, CA
Type: Land