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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, 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