415-244-6300
2556 Telegraph Ave, Berkeley, CA for Sale
Apartments - FOR SALE
1/64
null | Request Cap Rate

2556 Telegraph Ave
Berkeley, CA 94704
South Berkeley


HIGHLIGHTS

  • Rare chance to acquire newly constructed, purpose-built student housing product in the student dominated South Berkeley
  • Fully furnished, luxury units with large floorplans, high bedroom and bathroom counts, and tasteful, condo-quality finishes
  • Utility Bill-Back Upside Potential
  • On-site retail fronting the famous Telegraph Avenue, the main retail corridor for South Berkeley and the pathway to the UC Berkeley entrance
  • UC Berkeley provided housing options are among the most expensive options in the market
  • Excellent historical & forecasted rent growth

OVERVIEW

OFFERS DUE - THURSDAY, OCTOBER 23RD Property Tours Available By Appointment The Cushman & Wakefield Northern California Multifamily Capital Markets Team is pleased to present for sale The Laureate, a rare opportunity to acquire a newly constructed luxury, core plus, purpose-built student housing investment property featuring 128 beds and two ground floor retail spaces fronting Berkeley’s famous Telegraph Avenue located just four blocks from the world-renowned University of California, Berkeley. 100% Occupied | $8,424 Average Rent | $7.05 Average Rent per SF | 1,195 SF Average Unit Size

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

24

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Laureate | 128 Beds | Student Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,373 SF

ZONING

COMM

APN/PARCEL ID

055-1837-001-00

ASK ABOUT THIS PROPERTY

Keith MansonCushman & WakefieldMore Info
415-244-6300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Keith MansonCushman & WakefieldMore Info
415-244-6300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.