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Bulkley Ave Apartments 77 Bulkley Ave, Sausalito, California, 94965

 
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Verified : 1/29/2016 Active

Bulkley Ave Apartments 77 Bulkley Ave, Sausalito, California, 94965

$11,950,000.00   / ForSale

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Property Highlights

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$11,950,000.00
Sale Price:
$11,950,000.00
Price/SF:
Unlisted
CAP Rate (%):
2.84
NOI:
Unlisted
Net Lease:
Unlisted
Gross Leasable Area (SF):
Unlisted
Total Lot Size (SF):
27,993
Occupancy (%):
Unlisted
Population Range:
Unlisted
Household Income:
Unlisted
Traffic Counts:
Unlisted
County:
Unlisted
Zoning:
Multi-Family
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
14,529
Net Rental Area:
Unlisted
Number Of Floors:
Unlisted
Number Of Units:
20
Year Of Build:
Unlisted
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
Unlisted
Parcel Number:
Unlisted
Tenancy Type:
Unlisted
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted
Parking Ratio:
Unlisted
Parking Cost:
Unlisted
Mass Transit:
Unlisted
CAM:
Unlisted
Utilities:
Unlisted
Price Per Acre:
Unlisted
Divisible:
Unlisted
Divisible Min:
Unlisted
Divisible Max:
Unlisted
Property Taxes:
Unlisted

Property Description

Marcus & Millichap has been selected to exclusively market for sale 77 Bulkley Avenue, a 21-unit luxury apartment community located in Sausalito, California. This is a rare opportunity for an investor to own a trophy-quality asset in the Bay Area’s strongest rental markets. Multifamily properties of this size and quality are rarely offered for sale, which provides investors the opportunity to acquire a generational asset in the highly coveted market of Sausalito. 77 Bulkley Avenue offers investors the compelling multifamily opportunity in Southern Marin. This property offers quality, location, size and value-add opportunities that are unmatched by any recent Marin County multifamily offering. This a rare opportunity as only one other property of this size and location has sold over the past 20 years 77 Bulkley is a trophy asset in Marin County’s trophy City. This investment offers investors a once-in-a-lifetime opportunity to acquire a multifamily asset of this size, location and quality. In addition, this investment offers attractive current income, combined with significant upside in rents and income. As such, 77 Bulkley offers a compelling investment opportunity in the desirable Sausalito market.

Location Description

Located in the North Bay across the Golden Gate Bridge from San Francisco, Marin County is a dynamic community of 250,000 well-educated and involved residents. From its tidelands to the top of Mt. Tamalpais, Marin enjoys a high quality of life marked by beautiful beaches, groves of redwoods and oaks, rolling foothills, and scenic valleys. The mild, year-round Mediterranean climate is highlighted by cool, coastal fog tempering the warm inland temperatures of summer. Incorporated communities include Belvedere, Corte Madera, Fairfax, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael (the County seat), Sausalito, and Tiburon.