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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

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.

Villa Esta
28 Units
355 Estabrook Street
San Leandro, CA  94577
Type: Conventional