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Cushman & Wakefield is pleased to exclusively present the opportunity to acquire 148 Peabody Road (the "Property" or "148 Peabody"), a 100% market-rate, ±5.09 acre residential development site located in Vacaville, California. Situated within a quarter mile from an Interstate-80 onramp, the Property benefits from convenient access to the area’s largest and most renowned employers including Genentech, Kaiser Permanente, NorthBay VacaValley Hospital, Anheuser-Busch, UC Davis and Travis Air Force Base. Recognizing the critical need for housing in strategic locations like 148 Peabody Road, the City of Vacaville created a Residential Urban High Density overlay that encompasses the Property and will allow for up to 330 units with conditional approval.
With direct access to 5 million jobs, Vacaville has emerged as one of the top performing apartment submarkets in the San Francisco Bay Area. Local rents are forecasted to grow by 21% in the next five years while median household incomes are anticipated to grow 15% to $96,838 annually during this same time. As a 100% market-rate community in a submarket with minimal competition, 148 Peabody Road will offer the high end, convenient living experience critical to attracting the region’s most affluent renters.
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Under Contract
148 Peabody
5.09 Acres
148 Peabody Road
Vacaville, CA
Type: Land
Posted: 12/3/2019
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 1901 Broadway (the "Property"), a premier light rail adjacent multifamily development site in Sacramento’s urban core. Comprised of ±1.27 acres encompassing a full city block, current designs for the Property anticipate a six-story, 224 unit surface-parked apartment community. 1901 Broadway’s location in the heart of the Broadway Corridor and adjacent to the thriving Midtown and Downtown submarkets provides future residents instant access to the live-work-play offerings that have transformed Sacramento into California’s fastest growing major city.

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.
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Under Contract
1901 Broadway
1.27 Acres
1901 Broadway
Sacramento, CA  95818
Type: Land
Posted: 9/20/2019
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.
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Under Contract
2531 Grove
10 Units
2531 Grove Way
Hayward, CA
Posted: 9/20/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 777 Broadway (the "Property"), a 50-unit luxury midrise apartment community located in Oakland, California. Situated in downtown’s historic Old Oakland neighborhood and only three blocks from BART, the property provides the rare combination of modern design, a core location and instant transit access.

Completed in May 2018, 777 Broadway was constructed to condominium-quality standards and has a condominium map in-place. The Property is a five story luxury apartment community consisting of 17 one-bedroom and 33 twobedroom units, 3,571 square feet of ground floor retail, and a 52-space parking garage. 777 Broadway is located in a thriving Oakland submarket which provides residents easy access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one the world’s premier places to work and play.

777 Broadway is offered in conjunction with the 33-unit Idora Apartments located in Oakland’s Temescal neighborhood. These two properties are available individually or as a portfolio, providing immediate scale.

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777 Broadway
50 Units
777 Broadway
Oakland, CA
Posted: 1/10/2019
Cushman & Wakefield is pleased to exclusively present Cherryland Place (the "Property"), a fully-entitled mixed-use multifamily development site located in a Qualified Opportunity Zone in unincorporated Hayward, California. Located within 10 minutes of three BART stations and 15 minutes from the San Mateo Bridge, Cherryland Place will provide future residents convenient access to the Peninsula, and a seamless 25 and 35 minute commute to Oakland and San Francisco, respectively. Situated between Interstates 580 & 880, future residents are well connected to San Jose and Silicon Valley - the technology capital of the world.

Cherryland Place’s strategic central Bay Area location provides widespread access to the most innovative companies in the world and is well positioned within a high income growth submarket. Median household incomes in the Hayward area are forecasted to grow 21% by 2024 to $102,426 annually, while the number of local households with annual incomes greater than $150,000 is expected to grow 36% during this same time. As a modern community with on-site retail and easy access to the region’s top employers, Cherryland Place will offer the well-amenitized living experience and embedded upside critical to making the community a highly successful development project.
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Cherryland Place
2.78 Acres
20095-20097 Mission Blvd
Hayward, CA
Type: Land
Posted: 2/5/2020

Cushman & Wakefield, in conjunction with WT Mitchell Group Inc., are pleased to exclusively present the opportunity to acquire Concord Terminal (the "Property"), a ±2.66 acre transit-oriented multifamily development site located in Concord, California. Situated just steps from the Concord BART station, the Property’s infill location provides future residents immediate access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one of the world’s premier places to live, work and play.

Concord Terminal is currently a retail shopping center with month-to-month tenancies which provides an investor logistical flexibility while also benefitting from recurring cash flow during the entitlement process. Located within Concord’s Downtown Mixed Use (DMX) zoning district, the Property is zoned for up to 266 multifamily units and, through density bonuses, more than 300 units could potentially be built on the site.

With modern design, a transit-friendly location, and close-proximity to downtown Concord's numerous lifestyle amenities, Concord Terminal will offer a highly-amenitized living experience for residents seeking convenient living in the San Francisco Bay Area.

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Concord Terminal
2.66 Acres
2699 Clayton Road
Concord, CA  94519
Type: Land
Posted: 1/10/2019
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Creekside Apartments (the "Property"), an 80-unit multifamily community with approximately 33% revenue upside in San Leandro, California. Built in 1969 and available for acquisition for the first time, Creekside Apartments has been diligently maintained by ownership and represents a significant value-add opportunity with a market-proven $600+ per unit post-renovation premium.

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.
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Creekside Apartments
80 Units
424 Callan Avenue
San Leandro, CA  94577
Posted: 2/5/2020
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire the 100% fee simple interest in D’Avila Woods (the "Property"), a 44-unit apartment community with significant value-add potential in El Sobrante, California. Situated in a central Bay Area location, 100% of the Property’s unit interiors remain un-renovated and provide a projected $344 average renovation premium per unit upon repositioning and stabilization.
Built in 1987 and situated on 3.91 acres of maturely landscaped grounds, The Property offers its residents convenient access to the Bay Area’s major employment centers via a direct 15-minute drive to the Orinda BART station and close proximity to Interstate 80. El Sobrante increasingly appeals to high-earning residents across the region - 38% growth of households making over $150,000 annually is expected over the next five years. During the same time period, Yardi projects rents in the submarket to increase 21% while maintaining 96% occupancy.
D’Avila Woods presents an investor the extremely rare opportunity to implement a value-add program in a centrally located property with an existing condo map, offering a clear path to additional upside while providing the flexibility of multiple exit strategies.
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D'Avila Woods
44 Units
5322 D'Avila Way
El Sobrante, CA  94803
Posted: 2/5/2020
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire East Main Street (the "Property"), a 100% market-rate, ±5.50 acre mixed-use development site located in a priority development area in Vacaville, California. Situated within a half-mile from an Interstate-80 onramp, the Property benefits from convenient access to the area’s largest and most renowned employers including Genentech, Kaiser Permanente, NorthBay VacaValley Hospital, Anheuser-Busch, UC Davis and Travis Air Force Base. Recognizing the critical need for infill housing, the City of Vacaville created the East Main District Master Plan, which identifies East Main Street as a priority development site and allows for the development of up to 304 units.
With direct access to 5 million jobs, Vacaville has emerged as one of the top performing housing submarkets in the San Francisco Bay Area. Local rents are projected to grow 20% by 2025 while median household incomes are expected to grow by 15% to $96,838 annually by 2024. Situated one block from Main Street, residents of East Main Street will be steps from the retail, dining, and entertainment offerings in downtown Vacaville. A rare opportunity with multiple exit strategies, developers can build a for rent or for sale project. As a 100% market rate community with minimal future competition, East Main Street will offer the high end, convenient living experience critical to attracting the region’s most affluent residents.
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East Main Street
4.68 Acres
East Main Street
Vacaville, CA  95688
Type: Land
Posted: 6/2/2020
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire the Hillcrest Apartments Site (the “Property”), a ±4.92 acre development site for up to 172 multifamily units in Antioch, California. Situated approximately one-half mile from the Antioch BART station, the Property’s location provides future residents immediate access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one of the world’s premier places to live, work and play.

The Hillcrest Apartments Site is currently undeveloped land, affording a developer the opportunity to program the highest and best use for the site. The San Francisco Bay Area’s extreme housing imbalance, combined with state-wide efforts to stimulate dense housing development near transit stops, makes the Property an ideal site for a garden-style apartment community.

With a transit-friendly location and easy access to the San Francisco Bay Area’s economic core, the Hillcrest Apartments Site will benefit from Antioch’s position as one of the top performing apartment submarkets in the San Francisco Bay Area which is projected to further outpace the region with 41% rent growth while maintaining 96% average occupancy through 2028.
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Hillcrest Apartments Site
   
Antioch, CA  94531
Type: Land
Posted: 6/10/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Idora Apartments (the "Property" or "Idora"), a 33-unit luxury midrise apartment community located in Oakland, California. Situated in Oakland’s trendy Temescal neighborhood, the property provides the rare combination of modern design, a core location and instant transit access.

Completed in 2017, Idora was constructed to condominium-quality standards and has a condominium map in-place. The Property is a five story luxury apartment community that has a favorable unit mix of 14 one-bedroom and 19 two-bedroom units, in addition to approximately 2,400 square feet of ground floor retail. Idora is located in a thriving Oakland submarket which provides residents easy access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one the world’s premier places to work and play.

Idora Apartments is offered in conjunction with the 50-units located at 777 Broadway located in downtown’s Old Oakland neighborhood. These two properties are available individually or as a portfolio, providing immediate scale.

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Idora Apartments
33 Units
5239 Claremont Avenue
Oakland, CA
Posted: 1/10/2019
Cushman & Wakefield has been retained by UrbanCore Development, LLC and National Real Estate Advisors, LLC (collectively, "Sponsor") to raise joint venture equity for the construction of LakeHouse (the "Property" or the "Project").

LakeHouse is a fully-entitled 270-unit Opportunity Zone development expected to break ground in July 2020. The Property is currently a ±0.92 acres unimproved parcel situated at Oakland’s renowned Lake Merritt, the city’s most popular public amenity. Sponsor has approvals to build a 26-story, class-A multifamily tower that will provide a fully amenitized living experience in a premier Oakland submarket that is geographically insulated from potential new competition.

Located within a half-mile of the Lake Merritt BART Station and less than one-mile from Downtown Oakland, LakeHouse benefits from its strategic access to the most innovative companies and highest paying jobs in the world. Median household incomes in Oakland are forecasted to grow 20% by 2024 while rental rates are projected to grow 17% during this same time. With its lakefront location and outstanding accessibility to leading employment hubs, LakeHouse provides the rare prospect of investing in a core-quality development with embedded market upside and Opportunity Zone tax benefits.
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LakeHouse
270 Units
Lake Merritt Blvd. & E 12th Street
Oakland, CA
Posted: 12/3/2019
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire Montgomery 7 (the "Property"), a high-density transit-oriented development site located in a Qualified Opportunity Zone ("OZ") in San Jose, California. Situated steps from Google’s future Transit Village at Diridon Station, the Property benefits from immediate proximity to the ±8 million square feet of Class-A improvements and 25,000 high paying jobs expected at this transformative urban redevelopment. The Property is located within the Downtown Employment Priority Area overlay, providing an investor the opportunity to develop up to 344 multifamily units.
Montgomery 7’s strategic access to the most innovative companies in the world has positioned its neighborhood as Silicon Valley’s top income growth submarket. Median household incomes in Diridon area are forecasted to grow 20% by 2024 while the number of local households with annual incomes greater than $150,000 is expected to grow 43% during this same time. As a fully-amenitized community located adjacent to Diridon Station, the Property will offer the high end, transit-oriented living experience critical to attracting the region’s most affluent renters.
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Montgomery 7
0.43 Acres
543-565 Lorraine Avenue
San Jose, CA  95110
Type: Land
Posted: 10/7/2019
Cushman & Wakefield’s Northern California Multifamily Advisory Group is pleased to present the exclusive opportunity to acquire the 4.48-acre SMART adjacent TOD site in downtown Petaluma, California (the “Property”). This premium development site is physically connected to the downtown Sonoma Marin Area Rail Transit (“SMART”) station as well as the Petaluma Transit Mall. The Property represents the rare chance to develop a legacy project and define the new transit district of a city while capitalizing on the increased renter demand the SMART service is anticipated to generate. The Property is one of only 3 catalyst sites in the TOD Master Plan and approximately 500 feet away from the Petaluma waterfront with all of downtown’s various amenities. This charming North Bay city, well known for its inviting and walkable downtown, enjoys an attractiveness to Bay Area renters who seek a more balanced quality of life and cost of living. As a result, Petaluma is experiencing solid multifamily fundamentals, with both annual effective rent growth and occupancy up considerably over the previous 2 years.
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Under Contract
Petaluma SMART Development
   
315 D Street
Petaluma, CA
Posted: 4/24/2017
Cushman & Wakefield has been retained by Windflower Properties ("Sponsor") to offer for capitalization Windflower 2 at Union City ("Windflower 2" or the "Property").

Windflower 2 at Union City is an entitled 504 unit, 100% market rate multifamily development expected to break ground in 2020. The Property is currently a ±3.5 acre parking lot situated in Union City’s Station District, a master planned neighborhood with instant access to the Union City BART station transit hub. Windflower Properties is the master residential developer for the Station District and plans to build a luxury LEED Gold multifamily community that will offer the premier apartment living experience in the submarket.

With a centralized San Francisco Bay Area location and unrivaled transportation infrastructure, the site benefits from seamless connectivity to downtown San Francisco and the heart of Silicon Valley. Union City’s strategic access to the most innovative companies in the world has positioned it as one of the region’s top income growth submarkets. Median household incomes in Union City are forecasted to grow 14% by 2024, to $125,207 annually; while the number of local households with annual incomes greater than $150,000 is expected to grow 26% during this same time. As a fully amenitized community located adjacent to the Union City BART station transit hub, the Property will offer the high end, transit-oriented living experience critical to attracting the region’s most affluent tenants.
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Windflower Block 2
3.52 Acres
34302 11th Street
Union City, CA  94587
Type: Land
Posted: 9/20/2019