Ardenwood Swim & Racquet Club | Multifamily Investment

Ardenwood Swim & Racquet Club | Multifamily Investment

5016 Paseo Padre Pkwy, Fremont, CA 94555, USA
$17,000,000

Price:
$17,000,000
Cap Rate
4.63 %
NOI
$ 950,813
Development Type
Multifamily
Building Size
59,075 sqft
LEAD LISTING AGENT
Tom Schmidt

Tom Schmidt

ASSOCIATE



PROPERTY CONTENT

Ardenwood Swim and Racquet Club Community Association were constructed in 1987 consisting of 862 rentable units over 52 Acres with above average amenities and curb appeal. The unites were developed in two phases (east and west).

With premium finishes and wide-open spaces, each floor plan from Ardenwood Swim and Racquet Club Community Association brings you unparalleled luxury without sacrificing on comfort. Fremont hotspots infuse Ardenwood Swim and Racquet Club Community Association with vibrant energy. Purely contemporary, the beautiful community playfully highlights the structure of the grounds and community attractions such as the resort-style swimming pool.

Colliers International is please to present the unique opportunity to own an undivided interest in Ardenwood Swim and Racquet Club Community Association an 862 unit for rent project constructed on 52 acres between 1984 and 1986 with public records showing completion in 1987. The offering is for 68 condominium units within the project. Units are developed in clusters, each having between 6 and 12 units. The majority of the unit clusters are two stories, with first floor units, second floor units and townhouse (two story) layouts.

The properties for sale have a combined gross leasable area of 59,075 square feet. The condominiums within the Ardenwood Swim and Racquet Club Community Association development are intended to be maintained and held for commercial purposes, to wit, the operation of a multi-family apartment rental project will be managed, maintained and leased through Ardenbrook Inc. “the Management company”. No portion of the project is intended to be converted, sold or occupied as owner-occupied residential condominiums.


PROPERTY HIGHLIGHTS


    5016 Paseo Padre Pkwy, Fremont, CA 94555, USA

    LEAD LISTING AGENT
    Tom Schmidt

    Tom Schmidt

    ASSOCIATE