Investment Overview

Barcelona Apartments is a well-situated multifamily asset located at 15 Hawthorne Way in the thriving city of San Jose, California. Situated on a parcel of land totaling 14,985 square feet, the subject property was originally constructed in 1932 and features a gross building area of approximately 23,348 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio floor plans. The property is also located within half an hour of many additional distinguished educational institutions including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime San Jose location featuring convenient access to Downtown San Jose (0.6 miles) and Santana Row (5 miles) home to a myriad of high-end shopping, dining and entertainment options. As part of Silicon Valley, this location offers renters close proximity to many of the nation's top tech employers including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn as well as many others. The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, Barcelona Apartments presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.