Listed by Colliers - Oakland, California, Colliers - San Francisco, California
$6,450,000
Buchanan Gardens
Details
APN 076-440-004-0
Property Type Multifamily
Sub Type Apartment Building
Square Footage 28,556
Units 34
Cap Rate 7.05%
Price per SqFt $226
Year Built 1976
Buildings 4
Stories 2
Acreage 1.460
Zoning R20
Multifamily | 34 Units | $189,706/unit
Marketing description
Buchanan Gardens is a 34-unit apartment community located at 1600 Buchanan Road in Antioch, California. Ideally positioned to offer residents a convenient living experience, the property is situated within a two-mile radius of over 500,000 square feet of established retail hubs, including major anchors such as Target, Costco, Lowe’s, and Maya Cinemas. This central location further benefits from proximity to essential economic and recreational drivers, situated less than one mile from the Kaiser Permanente Delta Fair Medical offices and five minutes from a plethora of scenic trails found at the Black Diamond Mines Regional Preserve.
Investment highlights
- Attractive Basis at $189,706 Per Unit
- $226 Per SF
- 7.05% In Place Cap Rate
- Situated Within a Two-Mile Radius of Over 500K Sq. Ft. of Retail
- Location Insulated from New Supply
- Highly Desirable Unit Mix Comprised Exclusively of Two-Bedroom Units
- $470K+ in Completed Capital Expenditures, Including SB721 Repairs
- Ample On-Site Parking with Additional Leasable Spaces
- On-Site Laundry Facility
- RUBS Implemented
- Private Patios / Balconies in Over 70% of Units
Listing Contacts
Listed by Colliers - Oakland, California, Colliers - San Francisco, California
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