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Cascara Canyon - Tours: 3/19 & 3/24 11am-1pm 720 Shell Ave 42 Unit Apartment Building $22,209,107 CAD ($528,788 CAD/Unit) 5.46% Cap Rate Martinez, CA 94553

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Investment Highlights

Rare Opportunity: Two Assumable Life Insurance Loans w/ 35-Year Amortization, Maturing August 2050, Blended Rate of 4.65%
RUBS System in Place - Greatly Minimizing Owner Expenses
Prime Martinez Location - Offers Easy Access to North Concord/Martinez BART Station, Highway 4, and Interstate I-680

Constructed in 2014 and Features Forty-Two (42) Total Units Including Thirty(30) 1bd/1bth and Twelve (12) 2bd/2bth Units on 1.6 Acres of Land
Amenities Include Granite Countertops, Stainless Steel Appliances, Hardwood Flooring, Recessed Lighting, In-Unit Washer and Dryers, Central A/C
Community Amenities Include Private Fitness Center, Amazon Package Locker, Private Attached and Detached Garages, Controlled Access, and More

Executive Summary

Property Tour Schedule: Thursday 3/19 from 11am-1pm & Tuesday 3/24 from 11am-1pm. Email for more info and deal room access.
The Pinza Group is pleased to present the Cascara Canyon Apartments at 720-740 Shell Ave in Martinez, CA. This offering features incredible long term fixed rate financing through August of 2050 at a blended 4.65% interest rate. This prime property comprises 42 total units, including 30 1bd/1bth and 12 2bd/2bth units, spread over an expansive 1.6 acres of land. Completed in 2014, it is the first apartment project built in Martinez in over 25 years, boasting a parking ratio of 1.51/1,000 SF, with select units offering tandem two-car garages for added tenant satisfaction. Each features granite countertops, stainless steel appliances, hardwood flooring, custom baseboards, recessed lighting, in-unit washer and dryer, and central heating and air conditioning. The property also offers a suite of community amenities including controlled access, private garage, video patrol, 24-hour access, door-to-door trash pickup, recycling, online services, public transportation, elevator, fitness center, individual locking bedrooms, and private bathrooms.

Property Facts

Price	$22,209,107 CAD	Apartment Style	Low-Rise
Price Per Unit	$528,788 CAD	Building Class	A
Sale Type	Investment	Lot Size	1.61 AC
Cap Rate	5.46%	Building Size	21,339 SF
Gross Rent Multiplier	12.04	Average Occupancy	95%
No. Units	42	No. Stories	3
Property Type	Multifamily	Year Built	2014
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory	Parking Ratio	3.05/1,000 SF
Zoning	R-1.5 - Multi-Family Residential: 1,500 sq. ft. per dwelling unit.

Price	$22,209,107 CAD
Price Per Unit	$528,788 CAD
Sale Type	Investment
Cap Rate	5.46%
Gross Rent Multiplier	12.04
No. Units	42
Property Type	Multifamily
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	A
Lot Size	1.61 AC
Building Size	21,339 SF
Average Occupancy	95%
No. Stories	3
Year Built	2014
Parking Ratio	3.05/1,000 SF
Zoning	R-1.5 - Multi-Family Residential: 1,500 sq. ft. per dwelling unit.