UC Berkeley Student Housing Investment 2316 Haste St Immeuble residentiel 125 lots 10 939 747 € (87 518 €/Lot) Taux de capitalisation 9,58 % Berkeley, CA 94704

125-bedroom UC Berkeley student housing investment close to campus with excellent income and development upside. The property offers 125 large bedrooms split into 42 separate pods with 42 bathrooms providing a unique set-up with maximum privacy. The property was originally built in 1935, offers approximately 44,211 square feet of rental space, and sits on a 23,900 square foot combined lot running from Haste Street all the way to Dwight Avenue. A second parcel (APN 55-1882-9) is also included in the sale and offers parking for 20 cars. The entire first level consists of an updated commercial kitchen that was recently leased to a catering company. The property is in great condition and offers a management office, mail center, and space for communal meetings and dining. Until recently, the property was master leased to the same tenant for over 30 years and the remaining tenant base occupies approximately 40% of the building. The current tenants are far under market providing maximum rental upside upon tenant vacancy. Seller financing is available with excellent terms for well qualified buyers. The property is located in a high demand area close to UC Berkeley campus, BART, restaurants, coffee shops, bars, and shopping options making this an ideal location for tenants.
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