ARDENWOOD SWIM AND RACQUET CLUB COMMUNITY …€¦ · Beds. 2. Baths. 1. Sq Ft. 862. FLOOR PLANS....

MULTI FAMILY INVESTMENT SALE68 TOTAL CONDOMINIUMS

ASKING $17,000,000.00 / $250,000 PER DOOR / 4.63% CAP

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved.

HOWARD BERRYSenior Vice [email protected]+1 408 282 3809CA License No. 01795693

TOM SCHMIDT, CCIMVice President, Commercial Investment Group [email protected]+1 650 486 2226CA License No. 1351547

COLLIERS INTERNATIONAL225 West Santa Clara Street10th Floor, Suite 1000 San Jose, CA 95113P: +1 408 282 3800

ARDENWOODSWIM AND RACQUET CLUB COMMUNITY ASSOCIATION

F R E M O N T , C A

COLLIERS INTERNATIONALFOR SALE ARDENWOODSWIM AND RACQUET CLUB COMMUNITY ASSOCIATION

F R E M O N T , C A

colliers.com/siliconvalley

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SUMMARYArdenwood 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.


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OFFERING LOCATIONColliers International is please to present the unique opportunity to own and 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 Associationdevelopment 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.

The subject property is located in the Greater San Francisco Bay Area. The Bay Area takes in nine counties and comprises nearly 700,000 square miles around the perimeter of the Bay. The Bay area supports a population base of approximately 6,000,000 people, over 20% of the State total, second only to Los Angeles in terms of population.

Fremont is located in the Southeast section of the San Francisco Bay near the mid-portion of the area running from Oakland to San Jose. As of January 1, 2018, the population of Fremont was 235,439, and increase of 0.7% over January 2017. The city of Fremont is bordered by the cities of Newark to the north and Union City to the south and San Francisco Bay on the west. The area housing has become increasingly more in demand due to the rapid expansion of Silicon Valley.

OVERVIEW


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Volleyball & Half Basketball Courts

Water & Sewage, Trash & Recycling

Included

Dry Sauna Room

3 Furnished ClubhousesGated Playground

Car Care CenterPrivate Garages

Fully EquippedFitness Center

Swimming Pools

AMENITIES


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FLOORPLANS

2BEDROOMS

1BATH

961 SQ FT

2BEDROOMS

1BATH

862 SQ FT

2BEDROOMS

1BATH

786 SQ FT

1BEDROOM

1BATH

564 SQ FT

PINE MAPLE CEDARREDWOOD OAK


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6

(510) 230-2509

Pine

Beds 1Baths 1Sq Ft 564Deposit $600

5016 Paseo Padre Pkwy Fremont, CA 94555

Ofce HoursMon - Fri: 9AM to 6PM Sat - Sun: 10AM to 5PM

Built-In Microwaves

Vaulted Ceilings

Frost Free Refrigerators

Woodburning �replaces

Stackable Washer/Dryer Included

Self-Cleaning Ovens

Large Private Patios/Balconies

Attached and Detached GaragesAvailable

Assigned Carports Available

Gated Playground

Fully Equipped Fitness Center

3 Furnished Clubhouses

Water and Sewage, Trash and RecyclingIncluded

Volleyball And Half Basketball Courts

Private Garages

Dry Sauna Room

Car Care Center

BBQ Picnic Areas

6 Lighted Tennis Courts

2 Sparkling Pools

2 Relaxing Spas

PINE

(510) 230-2509

Pine




Built-In Microwaves

Vaulted Ceilings




Self-Cleaning Ovens




Gated Playground





Private Garages

Dry Sauna Room

Car Care Center

BBQ Picnic Areas


2 Sparkling Pools

2 Relaxing Spas

Beds 1Baths 1Sq Ft 564

(510) 230-2509

Cedar



Office HoursMon - Fri: 9AM to 6PM Sat - Sun: 10AM to 5PM

Page 1 of 3Fremont, CA Ardenwood Forest Rental Condominiums Floor Plans | Apartments in Frem...

10/17/2019https://www.ardenwoodforest.com/Brochure/Cedar?siteId=1895987&fId=2549617

CEDAR

(510) 230-2509

Pine




Built-In Microwaves

Vaulted Ceilings




Self-Cleaning Ovens




Gated Playground





Private Garages

Dry Sauna Room

Car Care Center

BBQ Picnic Areas


2 Sparkling Pools

2 Relaxing Spas


FLOOR PLANS

(510) 230-2509

Maple W/Den





10/17/2019https://www.ardenwoodforest.com/Brochure/Maple-W-Den?siteId=1895987&fId=2549614

MAPLE

(510) 230-2509

Pine




Built-In Microwaves

Vaulted Ceilings




Self-Cleaning Ovens




Gated Playground





Private Garages

Dry Sauna Room

Car Care Center

BBQ Picnic Areas


2 Sparkling Pools

2 Relaxing Spas



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REDWOOD

(510) 230-2509

Pine




Built-In Microwaves

Vaulted Ceilings




Self-Cleaning Ovens




Gated Playground





Private Garages

Dry Sauna Room

Car Care Center

BBQ Picnic Areas


2 Sparkling Pools

2 Relaxing Spas


FLOOR PLANS

OAK

(510) 230-2509

Pine




Built-In Microwaves

Vaulted Ceilings




Self-Cleaning Ovens




Gated Playground





Private Garages

Dry Sauna Room

Car Care Center

BBQ Picnic Areas


2 Sparkling Pools

2 Relaxing Spas


(510) 230-2509

Redwood




Page 1 of 3Fremont CA Apartments | Reed Row | Floor Plans

11/4/2019https://www.ardenwoodforest.com/Brochure/Redwood?siteId=1895987&fId=2549615

(510) 230-2509

Oak





10/17/2019https://www.ardenwoodforest.com/Brochure/Oak?siteId=1895987&fId=2549621


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FINANCIAL ANALYSISSF Units Rent/mo

2bd, 1ba Townhouse w/ Fireplace 961 23 $2,820

2bd, 1ba w/ Fireplace 862 30 $2,620

2bd, 1ba 768 13 $2,500

1bd, 1ba 564 2 $2,350

TOTAL 59,075 68

Year Annual Distribution CAP Rate**

2015 $716,458 4.21%

2016 $801,072 4.71%

2017 $851,341 5.01%

2018 $896,744 5.27%

2019 $673,500 3.96%

Average $787,823 4.63%

Cash Reserve $1,956,728NOI $950,813Asking Price Includes Cash Reserve $17,000,000

GRM 8.78

PRICE PER UNIT $250,000

Unit Count 68

Gross Income $1,936,301

Annual Expenses $985,488

Exp./Unit $14,492

Exp. As a % of Gross Income 50.90%

NOI $950,813

Condo Reserves Withheld $277,313

Owner Distribution $673,500

2019 P&L STATEMENT

VALUATION BASED ON DISTRIBUTIONS*

* Cash Flow to Owners after Reserves** Based on Asking Price


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APN No. Address Plan/Layout Bed/Bath Leasable Area

(Sq. Ft.)543-443-154 4982 Cappy Maple 2 BD/1 BA 786

543-443-155 4984 Cappy Cedar 2 BD/1 BA w/Fireplace 862

543-443-156 4980 Cappy Redwood 2 BD/1 BA w/Fireplace 862

543-443-157 4986 Cappy Oak 2 BD/1 BA Townhouse w/Fireplace 961




543-443-161 4998 Cappy Redwood 2 BD/1 BA w/Fireplace 862

543-443-162 4994 Cappy Cedar 2 BD/1 BA w/Fireplace 862

543-443-163 4996 Cappy Maple 2 BD/1 BA 786

543-443-244 4988 Hildasue Pine 1 BD/1 BA 564

543-443-245 4990 Hildasue Cedar 2 BD/1 BA w/Fireplace 862

543-443-246 4986 Hildasue Redwood 2 BD/1 BA w/Fireplace 862

543-443-248 4994 Hildasue Pine 1 BD/1 BA 564


543-443-250 4996 Hildasue Redwood 2 BD/1 BA w/Fireplace 862


543-443-282 4971 Hildasue Maple 2 BD/1 BA 786

543-443-286 4965 Hildasue Oak 2 BD/1 BA Townhouse w/Fireplace 961


543-443-481/482 34511 Felix #9 Maple 2 BD/1 BA 768

543-443-483/484 34510 Felix #10 Redwood 2 BD/1 BA w/Fireplace 862

543-443-485/486 34507 Felix #8 Cedar 2 BD/1 BA w/Fireplace 862

543-443-487 34503 Felix #11 Oak 2 BD/1 BA Townhouse w/Fireplace 961




543-443-491 34487 Felix #17 Cedar 2 BD/1 BA w/Fireplace 862

543-443-492 34479 Felix #15 Redwood 2 BD/1 BA w/Fireplace 862

543-443-493 34483 Felix #16 Oak 2 BD/1 BA 768

543-443-387 4923 Knowlson Oak 2 BD/1 BA 768

543-443-388 4925 Knowlson Redwood 2 BD/1 BA w/Fireplace 862

543-443-389 4921 Knowlson Cedar 2 BD/1 BA w/Fireplace 862

543-443-390 4919 Knowlson Oak 2 BD/1 BA Townhouse w/Fireplace 961


UNIT MIXAPN No. Address Plan/

Layout Bed/Bath Leasable Area (Sq. Ft.)


543-443.393 4913 Knowlson Oak 2 BD/1 BA Townhouse w/Fireplace 961



543-443-396 4909 Knowlson Maple 2 BD/1 BA 768

543-443.397 4885 Knowlson Maple 2 BD/1 BA 768









543-443-406 4871 Knowslon Oak 2 BD/1 BA 768

543-443-407 4906 Knowlson Oak 2 BD/1 BA 768


543-443-409 4908 K.nowlson Cedar 2 BD/1 BA w/Fireplace 862




543-443-413 4918 K.nowlson Redwood 2 BD/1 BA w/Fireplace 862












59,075


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SALES COMPS

Address 24650 Amador StHayward, CA 94544

Type Multi-FamilySale Date 12/12/2018SF 116,750Sale Price / PSF

$44,000,000 /$377

Address 1130-1354 Bonner AveFremont, CA 94538


$25,750,000 /$241

Address 4444 Hansen AveFremont, CA 94536


$22,439,000 /$235

Address 655 Tennyson RdHayward, CA 94544


$70,600,000 /$418

Address 42010 Blacow RdFremont, CA 94538


$27,750,000 /$603

COLLIERS INTERNATIONALFOR SALE

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F R E M O N T , C ATAX MAP68 UNITS


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George Washington Patterson came west in 1849 to seek his fortune in the goldfields of California. Instead he “struck gold” in the fertile farm fields of southern Alameda County.

This farm was originally owned by the George & Clara Patterson family from the 1850s. It was turned over to the City of Fremont in 1978, and the East Bay Regional Park District has operated the property as a fully functioning, turn-of-the-last-century farm since 1985. A visit here is a journey back to the time of the 1850s Patterson Ranch--a prosperous, 19th-century country estate with a beautiful Victorian mansion and elaborate Victorian Gardens.

The farm still grows the same kind of produce that was grown in the region in the last 100 years, utilizing agricultural practices from the 1870s to the present, demonstrating the transition from horse-powered to horsepower farming. The interpretive staff and volunteers, attired in Victorian clothing, guide guests through the Victorian house, demonstrate farm chores, and explain what life was like in the early 1900s. From December to mid-February monarch butterflies overwinter here.

ARDENWOODHISTORIC FARM


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PHOTOS

FOR SALE


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MULTI FAMILY INVESTMENT SALE68 TOTAL CONDOMINIUMS

HOWARD BERRYSenior Vice [email protected]+1 408 282 3809CA License No. 01795693

TOM SCHMIDT, CCIMVice President, Commercial Investment Group [email protected]+1 650 486 2226CA License No. 1351547

ARDENWOOD SWIM AND RACQUET CLUB COMMUNITY …€¦ · Beds. 2. Baths. 1. Sq Ft. 862. FLOOR PLANS....

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