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Multi-Family

3201, 3205, 3209, 3217, 3231 Marysville Blvd & 3206, 3212 Ermina Dr

3201, 3205, 3209, 3217, 3231 Marysville Blvd & 3206, 3212 Ermina Dr, Sacramento, CA 95815

Listing Price: Request For Offer

Lot Size
1.42 acres
Land Type
Land
Buildable Square Feet
121,389

Investment Overview

Marcus & Millichap is pleased to announce the exclusive opportunity to acquire a +/- 1.5 acre (65,564S SF) development site to include a 110-unit mix-used building of both Type IA (ground floor) + Type IIIA (apartments). The property consists of seven, contiguous parcels, zoned for C-2 General Commercial which allows a new investor the opportunity to develop two (2) new ground floor retail/coffee/restaurant spaces, and four floors consisting of 108 apartment units.

This site sits on the corner of Marysville & Arcade Blvd just off of Highway 80 in the Hagginwood neighborhood and just a few minutes from Arden Fair Mall. The current plans include 6,155 SF of ground-level retail, gym, bike room, and lobby, and 113,438 SF of apartments spread over four stories comprised of one (1) and two (2) bedroom apartments immersed in a tree-lined business park setting with ample off-street parking for tenants and bicyclist. The current unit mix includes forty-one (41) one (1) bedroom apartments and sixty-seven (67) two (2) bedroom apartments.

Sacramento’s apartment market remains one of the most sought-after secondary markets in the country. Quarterly sales volume revealed elevated levels of buyer demand and the quarterly average price per unit posted a record high. A competitive sales market has placed downward pressure on average cap rates, which fell to an all-time low in Q1 2022. The Sacramento region has been one of the most resilient apartment markets in the country and never posted a pandemic-related downturn in occupancy or rents.

***DRIVE BY ONLY. ALL PROPERTY SHOWINGS ARE SUBJECT TO SELLER ACCEPTED OFFER ONLY. PLEASE CONSULT MARCUS & MILLICHAP LISTING AGENT FOR MORE DETAILS.***


Investment Highlights

  • Desirable Unit Mix of One (1) and Two (2) Bedroom Units
  • Located In An Opportunity Zone
  • Well Located Within A Few Miles Of Vibrant Downtown/Midtown
  • Brand New Development Opportunity Located In A Supply-Constrained Market
  • Situated In A Vastly Growing Sacramento Employment Market
  • Zoned C-2 General Commercial

Exclusively Listed By

Financing By

Multi-Family

3201, 3205, 3209, 3217, 3231 Marysville Blvd & 3206, 3212 Ermina Dr

Listing Price: Request For Offer

Lot Size
1.42 acres
Land Type
Land
Buildable Square Feet
121,389

Investment Highlights

  • Desirable Unit Mix of One (1) and Two (2) Bedroom Units
  • Located In An Opportunity Zone
  • Well Located Within A Few Miles Of Vibrant Downtown/Midtown
  • Brand New Development Opportunity Located In A Supply-Constrained Market
  • Situated In A Vastly Growing Sacramento Employment Market
  • Zoned C-2 General Commercial

Investment Overview

Marcus & Millichap is pleased to announce the exclusive opportunity to acquire a +/- 1.5 acre (65,564S SF) development site to include a 110-unit mix-used building of both Type IA (ground floor) + Type IIIA (apartments). The property consists of seven, contiguous parcels, zoned for C-2 General Commercial which allows a new investor the opportunity to develop two (2) new ground floor retail/coffee/restaurant spaces, and four floors consisting of 108 apartment units. This site sits on the corner of Marysville & Arcade Blvd just off of Highway 80 in the Hagginwood neighborhood and just a few minutes from Arden Fair Mall. The current plans include 6,155 SF of ground-level retail, gym, bike room, and lobby, and 113,438 SF of apartments spread over four stories comprised of one (1) and two (2) bedroom apartments immersed in a tree-lined business park setting with ample off-street parking for tenants and bicyclist. The current unit mix includes forty-one (41) one (1) bedroom apartments and sixty-seven (67) two (2) bedroom apartments. Sacramento’s apartment market remains one of the most sought-after secondary markets in the country. Quarterly sales volume revealed elevated levels of buyer demand and the quarterly average price per unit posted a record high. A competitive sales market has placed downward pressure on average cap rates, which fell to an all-time low in Q1 2022. The Sacramento region has been one of the most resilient apartment markets in the country and never posted a pandemic-related downturn in occupancy or rents. ***DRIVE BY ONLY. ALL PROPERTY SHOWINGS ARE SUBJECT TO SELLER ACCEPTED OFFER ONLY. PLEASE CONSULT MARCUS & MILLICHAP LISTING AGENT FOR MORE DETAILS.***

Exclusively Listed By

Financing By

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