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Multifamily

Whispering Oaks

2001 Eastwood Dr, Vacaville, CA 95687

Listing Price: $7,250,000

Cap Rate
5.01%
Number of Units
30
Occupancy
97.0%
Price/Unit
$241,667
Price/Gross SF
$267.92
Gross SF
27,060

Investment Overview

Marcus & Millichap is pleased to announce the sale of Whispering Oaks, a senior living community located in Vacaville, California. The current owner operates 30 of the 78 condominiums within the community, which feature all two-bedroom/one-bathroom units. The future investor also has the potential to develop 18 additional units with the separate acquisition of excess land in the community. Whispering Oaks was built in 2001 and offers the rare opportunity to purchase an Active Senior Apartment, one of the most stable assets money can buy, and a product type that rarely sees the market. Each condominium offers a copious amount of amenities such as fully equipped kitchens, in-unit washer/dryers, additional storage closets, private patios and balconies, just to name a few. The community also offers a beautiful and relaxing experience to all residents living here including many amenities, such as a clubhouse facility, state of the art swimming pool and spa, cozy fireplaces in each unit, and much more. The subject property has easy access to the 80 Corridor with short commutes to destinations like UC Davis, Sacramento, San Francisco, and Napa. The Senior Housing industry is one of the most important, and fastest-growing sectors of the US economy. Demographics are very clear. By 2030, the last of the Baby Boomers will have reached the age of 65, and by 2050, the number of people in the United States over 65 will have reached approximately 85.6 million, more than a 50 percent increase from the 2021 number. Even more telling, by 2050, the 85 plus age group is expected to reach 18.5 million, and the population over 65 will be larger than the population under 18. Driving these figures is the fact that Americans are living longer each year. These demographic shifts foretell a future in which Senor Housing is going to face strains for years to come as developers struggle to keep up with ever-increasing demand. Well-running facilities, with good reputations, such as Whispering Oaks, will only continue to increase in demand and importance in the coming years. The city of Vacaville is a thriving agricultural town with a population close to 100,000 people. The city’s rich history proves to be a family-oriented destination with notable outdoor opportunities, quality schools, and a diverse community. With extensive attractions and entertainment like The Premium Outlets, Travis Air Force Base, Wine Country, and Nut Tree Shopping Center, the quality of life in this city is abundant. The sale of Whispering Oaks provides a savvy investor the opportunity to acquire a beautifully maintained pride-of-ownership asset in the middle of Solano County that has current cash flow, and potential to increase income through raised rents.

Investment Highlights

  • Rare Value-Add Opportunity with Rental Upside
  • New Owner has Potential to Develop More Units with the Separate Acquisition of Excess Land
  • Beautifully Maintained Retirement Living Community
  • Strong Location with Easy Access to Interstate 80, with A Short Drive to San Francisco and Sacramento
  • Minutes Away from Vacaville Premium Outlet Mall, Travis Air Force Base, Restaurants, Retail Shopping, and Schools
  • 20-Minute Commute to UC Davis and 45-Minute Drive to Napa

Exclusively Listed By

Multifamily

Whispering Oaks

Listing Price: $7,250,000

Cap Rate
5.01%
Number of Units
30
Occupancy
97.0%
Price/Unit
$241,667
Price/Gross SF
$267.92
Gross SF
27,060

Investment Highlights

  • Rare Value-Add Opportunity with Rental Upside
  • New Owner has Potential to Develop More Units with the Separate Acquisition of Excess Land
  • Beautifully Maintained Retirement Living Community
  • Strong Location with Easy Access to Interstate 80, with A Short Drive to San Francisco and Sacramento
  • Minutes Away from Vacaville Premium Outlet Mall, Travis Air Force Base, Restaurants, Retail Shopping, and Schools
  • 20-Minute Commute to UC Davis and 45-Minute Drive to Napa

Investment Overview

Marcus & Millichap is pleased to announce the sale of Whispering Oaks, a senior living community located in Vacaville, California. The current owner operates 30 of the 78 condominiums within the community, which feature all two-bedroom/one-bathroom units. The future investor also has the potential to develop 18 additional units with the separate acquisition of excess land in the community. Whispering Oaks was built in 2001 and offers the rare opportunity to purchase an Active Senior Apartment, one of the most stable assets money can buy, and a product type that rarely sees the market. Each condominium offers a copious amount of amenities such as fully equipped kitchens, in-unit washer/dryers, additional storage closets, private patios and balconies, just to name a few. The community also offers a beautiful and relaxing experience to all residents living here including many amenities, such as a clubhouse facility, state of the art swimming pool and spa, cozy fireplaces in each unit, and much more. The subject property has easy access to the 80 Corridor with short commutes to destinations like UC Davis, Sacramento, San Francisco, and Napa. The Senior Housing industry is one of the most important, and fastest-growing sectors of the US economy. Demographics are very clear. By 2030, the last of the Baby Boomers will have reached the age of 65, and by 2050, the number of people in the United States over 65 will have reached approximately 85.6 million, more than a 50 percent increase from the 2021 number. Even more telling, by 2050, the 85 plus age group is expected to reach 18.5 million, and the population over 65 will be larger than the population under 18. Driving these figures is the fact that Americans are living longer each year. These demographic shifts foretell a future in which Senor Housing is going to face strains for years to come as developers struggle to keep up with ever-increasing demand. Well-running facilities, with good reputations, such as Whispering Oaks, will only continue to increase in demand and importance in the coming years. The city of Vacaville is a thriving agricultural town with a population close to 100,000 people. The city’s rich history proves to be a family-oriented destination with notable outdoor opportunities, quality schools, and a diverse community. With extensive attractions and entertainment like The Premium Outlets, Travis Air Force Base, Wine Country, and Nut Tree Shopping Center, the quality of life in this city is abundant. The sale of Whispering Oaks provides a savvy investor the opportunity to acquire a beautifully maintained pride-of-ownership asset in the middle of Solano County that has current cash flow, and potential to increase income through raised rents.

Exclusively Listed By

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