The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Woolner Place Apartments, a well maintained and renovated mixed-use investment property located in the heart of Fairfield, California.
The property consists of 19 residential units—comprised of 18 one-bedroom / one-bathroom units and one two-bedroom unit—alongside a preschool operating under a NNN lease, providing investors with a stable, diversified income stream. The asset has been thoughtfully upgraded and is truly turnkey, featuring renovated interiors, fresh exterior paint, and a recently replaced roof, allowing for immediate operational efficiency and minimal deferred maintenance.
Woolner Place offers investors the rare opportunity to acquire a low-maintenance, stabilized asset with built-in income security through its NNN-leased preschool component, while still benefiting from the strong fundamentals of the Fairfield rental market. Though the asset is physically stabilized, the apartments have an approximately 9% loss to lease upside and the preschool has annual rent bumps.
The unit mix—primarily one-bedroom apartments—caters to a broad tenant base including workforce housing, young professionals, and military-affiliated renters, creating consistent demand and occupancy. The property benefits from its close proximity to Travis Air Force Base and offers convenient access to major Northern California employment hubs throughout the San Francisco Bay Area and Sacramento region.