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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.

24th & Alabama
6 Units
2933 24th Street
San Francisco, CA
Closed: 11/16/2018
The Cushman & Wakefield Northern California Multifamily Advisory Group is pleased to present the exclusive listing of an approximately 5.5-acre high density transit oriented development site in San Leandro, California (the Property). This strategically situated development site is the largest infill development site available for purchase in San Leandro. It is located only 1/4 of a mile away from the San Leandro BART station and other transit options. The San Leandro submarket is an evolving and expanding residential district, and represents one of the Bay Area’s premier urban investment locations. The City of San Leandro general plan EIR paves the way for proposed projects which are consistent with zoning and general plan requirements. The Property represents the ability to potentially deliver 400+ multifamily units in a TOD infill location steps away from BART.
San Leandro Transit Oriented Development Site
5.03 Acres
Alvarado Street & Antonio Street
Type: Land
Closed: 7/1/2018

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 Ridge at McClellan (the “Property”), a 106-unit, two story garden style apartment community located in Sacramento, California. Ideally located adjacent to one of the largest employment centers in the region, McClellan Business Park, the recently renovated apartment community has a favorable unit mix of 61 one-bedrooms and 44 twobedrooms along with a single studio. The Ridge at McClellan was built in 1963 and underwent an extensive interior and exterior renovation in 2012. Onsite amenities include a resort-style pool, leasing office, four laundry facilities, mature landscaping and gated access. The Property is centrally located in the region and less than two miles from Highway 80, providing easy access to both Downtown Sacramento (10 miles) and Roseville/Rocklin (10 miles). The Ridge at McClellan provides investors with an opportunity to acquire an institutional, fully renovated and stabilized multifamily community in one of the top performing apartment markets in the nation. Consistently over 95% leased, the well-located Property produces an attractive, stable and appreciating cash flow stream. Sacramento remains a supply constrained market and multifamily fundamentals continue to strengthen in the greater region. With the neighboring McClellan Business Park expanding, the Property is poised to benefit from the additional workforce needs and increased wages being earned in the immediate vicinity.
The Ridge at McClellan
106 Units
5520 Generals Place
Sacramento, CA  95660
Type: Conventional
Closed: 1/17/2017