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Multifamily

The Village at Shannon Way

300 Shannon Pkwy, Visalia, CA 93291

Listing Price: $71,250,000

Cap Rate
4.87%
Number of Units
216
GRM
13.47
Occupancy
96.0%
Price/Unit
$329,861

Investment Overview

Marcus & Millichap is pleased to present The Village at Shannon Way Apartments located in Northwest  Visalia, CA.  

The unique opportunity to acquire a brand-new luxury  building in a fantastic location.  This Class “A” asset is in lease up and renting approximately 7-10 units a week. The Village at Shannon Way is a very attractive property with resort-worthy amenities: Resort style pool with cabanas and poolside lounging, jacuzzi/hot tub, Pickleball court, bbq islands with pizza oven, designer clubhouse with gourmet kitchen, state-of-the art 24 hr. fitness center, and beautiful park area for outdoor activities.  

The Village at Shannon Way is a three-story complex with a very favorable unit mix:  (96) one-bedroom/ one-bathroom that are approximately 860 square feet and (120) two-bedroom/two-bathroom units that are approximately 1,083 square feet.

Situated in a robust rental market, the subject  property benefits from strong demand for housing, ensuring high occupancy and potential for rent growth.  For investors seeking a brand-new apartment complex, in an up-and-coming area, The Village at Shannon Way represents a compelling opportunity

Investment Highlights

  • Opportunity to Acquire a Brand New Class "A" Building in Northwest  Visalia, CA
  • Desirable Unit Mix:  (96) One-Bedroom/One-Bathroom and (120) Two-Bedroom/Two-Bathroom Units
  • Resort Style Amenities: Pool with  Cabanas and Lounging, Jacuzzi/Hot Tub, Pickleball Court, BBQ Islands with Pizza Oven, Designed Clubhouse with Gourmet Kitchen and Fitness center
  • ???????Located in Northwest Visalia across the street from Visalia Orchard Walk

Exclusively Listed By

Financing By

Multifamily

The Village at Shannon Way

Listing Price: $71,250,000

Cap Rate
4.87%
Number of Units
216
GRM
13.47
Occupancy
96.0%
Price/Unit
$329,861

Investment Highlights

  • Opportunity to Acquire a Brand New Class "A" Building in Northwest  Visalia, CA
  • Desirable Unit Mix:  (96) One-Bedroom/One-Bathroom and (120) Two-Bedroom/Two-Bathroom Units
  • Resort Style Amenities: Pool with  Cabanas and Lounging, Jacuzzi/Hot Tub, Pickleball Court, BBQ Islands with Pizza Oven, Designed Clubhouse with Gourmet Kitchen and Fitness center
  • ???????Located in Northwest Visalia across the street from Visalia Orchard Walk

Investment Overview

Marcus & Millichap is pleased to present The Village at Shannon Way Apartments located in Northwest  Visalia, CA.   The unique opportunity to acquire a brand-new luxury  building in a fantastic location.  This Class “A” asset is in lease up and renting approximately 7-10 units a week. The Village at Shannon Way is a very attractive property with resort-worthy amenities: Resort style pool with cabanas and poolside lounging, jacuzzi/hot tub, Pickleball court, bbq islands with pizza oven, designer clubhouse with gourmet kitchen, state-of-the art 24 hr. fitness center, and beautiful park area for outdoor activities.   The Village at Shannon Way is a three-story complex with a very favorable unit mix:  (96) one-bedroom/ one-bathroom that are approximately 860 square feet and (120) two-bedroom/two-bathroom units that are approximately 1,083 square feet. Situated in a robust rental market, the subject  property benefits from strong demand for housing, ensuring high occupancy and potential for rent growth.  For investors seeking a brand-new apartment complex, in an up-and-coming area, The Village at Shannon Way represents a compelling opportunity

Exclusively Listed By

Financing By

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