Delta Shores HDR Land
Land | 5 acres
Marketing description
CBRE is pleased to present the opportunity to acquire the HDR-10 Land Site, a ±5.0 acre multifamily residential development site for up to 135 units within Delta Shores North, 800 acre master planned community in Sacramento, CA. Strategically positioned at the northwest corner of Cosumnes River Blvd and 24th Street, the HDR-10 Land Site is immediately adjacent to the Delta Shores regional retail shopping center and ten new single-family communities of 1,400 homes recently completed and under construction.
Delta Shores is an approximately 800 acre, mixed use master planned community strategically located along the Interstate 5 corridor within Sacramento city limits. The community integrates residential neighborhoods, regional retail, employment access, and lifestyle amenities—creating one of the most complete live work play environments in the Sacramento metropolitan area. Located right off Interstate-5, residents have an easy commute to the Downtown Sacramento CBD to reach the region’s largest employers including the State of California, Kaiser Permanente, Sutter Health, UC Davis Medical Center, CalPERS and CalSTRS. Just 10-minutes south is Apple’s local headquarters with over 5,000 employees. Anchored by national and regional tenants including Walmart, Dick's Sporting Goods, Old Navy, and Ross Dress for Less. Living Spaces and RC Willey operate only a limited number of locations across Greater Sacramento, signaling strong retailer conviction in the trade area Delta Shores attracts shoppers from affluent Pocket, South Land Park, and portions of Elk Grove. Within 2 miles of HDR-10 Site are four different grocery store options including Nugget Market and Bel Aire. Delta Shores offers a cleaner, newer, more attractive shopping experience than much of South Sacramento. For multifamily residents, this translates into rare walk and drive convenience, significantly enhancing renter appeal and leasing velocity.
Investment highlights
- Institutional-Quality Multifamily Land Opportunity
- 5 acres gross / 4.9 acres net
- Infill site within Delta Shores - 800 acre master planned, mixed-use development
- First high-density residential site available in this phase of the master plan
- Potential development capacity of up to 135 multifamily units
- Supports three- or four-story garden-style design
- Market-rate apartments or affordable housing - site is located in DDA
- Backbone infrastructure improvements underway and to be completed prior to closing
- Mitigation requirements have been completed
- Major fee obligations substantially completed
- Impact fees materially lower than many competing jurisdictions in the Sacramento region
- Reduced horizontal scope allows capital allocation toward vertical improvements and design quality
- Located within a fully functioning master planned community with 5,200 new housing units planned for the area
- Adjacent to one of South Sacramento's strongest performing retail destinations
- Surrounded by active for-sale residential development by national homebuilders
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