Campway Multifamily Site

INVESTMENT OPPORTUNITY
Campway
Multifamily
Site
28168-28244 Mission Boulevard
Hayward, CA
Exclusively listed by:
Matthew Clark
Multifamily Investment Sales
650.769.3600
[email protected]
LIC#01920417
kiddermathews.com
Table of Contents
1.
Executive Summary
• Offering Overview
• Offer submittal
2.
Property Information
• Residential Map
• Aerial Map
• Parcel Map
• Amenities Map
3.
Location
• Area Amenities
• Hayward Overview
4.
Market Overview
• Bay Area Employers
• Local Colleges
• Local Shopping
5.
About Kidder Mathews
• Multifamily
• Brokerage Division
Disclaimer
The information contained in the following Marketing Brochure
is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from Kidder Mathews
and should not be made available to any other person or entity
without the written consent of Kidder Mathews.
This Marketing Brochure has been prepared to provide
summary, unverified information to prospective purchasers, and
to establish only a preliminary level of interest in the subject
property. The information contained herein is not a substitute
for a thorough due diligence investigation. Kidder Mathews
has not made any investigation, and makes no warranty or
representation, with respect to the income or expenses for the
subject property, the future projected financial performance
of the property, the size and square footage of the property
and improvements, the presence or absence of contaminating
substances, PCB’s or asbestos, the compliance with State and
Federal regulations, the physical condition of the improvements
thereon, or the financial condition or business prospects of
any tenant, or any tenant’s plans or intentions to continue its
occupancy of the subject property. The information contained
in this Marketing Brochure has been obtained from sources we
believe to be reliable; however, Kidder Mathews has not verified,
and will not verify, any of the information contained herein, nor
has Kidder Mathews conducted any investigation regarding
these matters and makes no warranty or representation
whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate
measures to verify all of the information set forth herein.
This information has been secured from sources we believe
to be reliable. We make no representations or warranties,
expressed or implied, as to the accuracy of the information.
References to square footage or age are approximate. Recipient
of this report must verify the information and bears all risk for
any inaccuracies.
Investment Opportunity | Campway Site
Executive Summary
The Opportunity
Investment Summary
Offer Submittal
Pricing
Parcel Map
Property Aerial
Investment Opportunity | Campway Site
Executive Highlights
THE OPPORTUNITY
The Campway site is 1.78 acre site that is zoned S-T5. The property allows
for 35-55 dwelling units per acre and a 5 story height limit. The property has
great access to the South Hayward BART, which is a 7 minute walk from the
property. The property also has great access to Fremont, and the peninsula.
It is within minutes of Highway 880. Fremont is home to companies such
as Tesla, Western Digital, and Boston Scientific. BART also allows access to
downtown San Francisco and Oakland.
Castro Valley
CAMPWAY SITE
Fairview
Investment Summary
PROPERTY INFORMATION
The Campway site is a 1.78 acre site located at 28168 & 28244 Mission Boulevard
in Hayward, CA.
Hayward
1.78 acres (77,536 square feet)
Zoned S-T5
Union city
$3,000,000
35-55 units/acre
Zoned S-T5
Parcel Numbers 078C-626-1-20, 078C-626-2-4
SAN FRANCISCO BAY
Easy access to highways and transportation
Convenient to airports, schools, parks
Investment Opportunity | Campway Site
Executive Highlights
OFFER SUBMITTAL
Exclusive Representation
Purchase & Sale Agreement
Kidder Mathews has been retained to exclusively represent the seller.
Once a letter of intent is accepted, the buyer will receive a purchase & sale
agreement.
Offering Structure
Offers are to be submitted in a letter of intent to Kidder Mathews.
Co-Brokerage Fee
Offer Requirements
There will not be a co-brokerage fee on this offering. If a buyer is represented
by an outside broker, agent, or any person representing the purchaser, that
buyer shall pay their fee. Kidder Mathews will not be offering an outside fee.
Contact point and a letter of intent stating purchasing points.
Investment Opportunity | Campway Site
Executive Highlights
Assessors Map
TERM SHEET
Campway , Hayward , CA
Term
2 years construction to 40 year FHA lending
Amortization
Interest only to 40 years
Fixed period
No to 40 years
Rate
5% for conventional construction and maybe 5.5% for FHA
Max LTV
70% for conventional and 83% for FHA
DCR
1.25x or more
Loan fee
1.5% conventional and 3% FHA (all in fees)
Application
$10,000 to $25,000
Recourse
100% recourse to non recourse
Prepay
None to step down
Glenn Gioseffi
Vice President
Debt & Equity Finance
206.579.1178 | [email protected]
The above terms are not to be considered as a commitment to lend. The final
commitment to lend may be issued after the buyer’s financial’s, the seller’s
property books and records, environmental report, title report, and appraisal have
been reviewed.
Investment Opportunity | Campway Site
Executive Highlights
Parcel Map
1.78 Acres
Investment Opportunity | Campway Site
Location
Area Amenities
Hayward Overview
SOHBA
Investment Opportunity | Campway Site
Location
Area Amenities
The Campway site is conveniently located to transportation and amenities.
PRIME LOCATION
Less than 4 miles to BART
15 minutes to Oakland Airport and 30 minutes to SFO Airport
5 minutes from Eden Landing Ecological Reserve
2 minutes from Mission Hills Golf course
Easy access to Highway 92, Highway 80, Highway 580 and Highway 880
A short drive to Coyote Hills Regional Park
AERIAL W/SAFEWAY & BART
TENNYSON HIGH SCHOOL
5 minutes to Kaiser Hospital
Near Valle Vista Park
28168 MISSION BLVD
Close to Safeway and Fresh and Easy
Close to Cesar Chavez Middle School and Tennyson High School
3 minutes to CSU East Bay
VALLE VISTA PARK
CESAR CHAVEZ MIDDLE SCHOOL
Hayward Overview
THE HEART OF THE GARDEN OF EDEN
In the early decades of the 20th Century, the Hayward Area became known as the
“Heart of the Garden of Eden” because of its temperate climate and fertile soil.
Everything – produce, chickens, cattle, flowers – grew in abundance. By 1950,
Hayward, grown to a population of 14,000, had become the “Apricot City” and home
to Hunt’s Cannery.
Investment Opportunity | Campway Site
Location
HAYWARD COMMUNITY GROWTH
After World War II, more and more newcomers flocked to Hayward as they searched for
and found affordable housing, quick access to job markets and a lifestyle conducive
to raising young families. The Hayward Post-war Planning Committee, formed in
1944, laid much of the groundwork for a self-sustaining and balanced community. The
Committee formulated a comprehensive 12-Point Plan that led to road improvements,
industrial development, bus lines, hospitals, an airport, libraries, a water system, parks
and institutions of higher education.
On March 7, 1956, the City adopted the City of Hayward Charter.
By 1960, the population had swelled to 72,700. By the mid-1960’s, Hayward’s
landscape changed from apricot trees and canneries to subdivisions and shopping
centers. Hayward’s growth continued through the 1970’s and 1980’s.
On March 11, 1976, Hayward was chartered into the State and officially recognized as
a City.
By 1990, with a population of 121,000, Hayward became one of the top 15 most
ethnically-diverse communities in the nation. Here, people from many cultures live and
work together to build a community reflective of its residents.
TODAY
Today, the City of Hayward is known as the “Heart of the Bay,” not only for its central
location but also for its accepting and caring environment.
HAYWARD’S FUTURE
Hayward continues to plan for the future, maintaining a balance between the needs
of our diverse residents and a growing business community. Hayward’s Growth
Management Strategy, designed with input from citizens, balances the needs of our
growing population with the preservation of open space, and the need for economic
development. e are creating a pedestrian friendly downtown with a balanced mix of
housing, retail shops, offices and restaurants. The new Civic Center serves as the
focal point for this revitalization. Encouraging new businesses to move to Hayward,
expanding our sales tax base and strengthening our diverse economy are priorities.
Investment Opportunity | Campway Site
Location
SOHBA
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Subject Property
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28168 Mission Boulevard Hayward, CA
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28901 Mission Boulevard Hayward, CA
Units
151
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Address
Address
29312 Mission Boulevard Hayward, CA
Units
150
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Address
28860 Dixon Street Hayward, CA
Units
206
Address
29212 Mission Boulevard Hayward, CA
Units
201
Investment Opportunity | Campway Site
Market Overview
Bay Area Employers
Local Colleges
Local Shopping
SAN FRANCISCO BAY
REGIONAL MAP
HAYWARD
FOSTER CITY
FREMONT
PALO ALTO
Investment Opportunity | Campway Site
Market Overview
Bay Area Employers
SAN FRANCISCO
1
2
3
4
5
66
7
8
9
10
11
12
13
14
15
Charles Schwab
Airbnb
Dropbox
GAP
Levis
Letterman Digital Arts
McKesson
Prologis
Salesforce
Twitter
Uber
Wells Fargo
William Sonoma
Yelp
Visa
FOSTER CITY
1
2
3
4
5
6
7
Gilead Sciences
Visa
Life Technologies
IBM
Live365.com
Sony Entertainment
QuinnStreet
FREMONT
1
2
3
4
5
6
7
8
9
SAN FRANCISCO
HAYWARD
1
2
3
4
5
6
7
9
1
2
3
4
5
6
7
8
9
10
Hewlett Packard
VMWare
Tesla Motors
PARC
Ning
IDEO
Skype
Palantir Technologies
Facebook
Google
Fremont Unified SD
Washington hospital
Lam Research
Western Digital
Boston Scientific
Seagate Magnetics
AXT Incorporated
City of Fremont
Sysco Food Services
1
8
PALO ALTO
SAN FRANCISCO BAY
Kaiser Permanente
Alameda County
Hayward Unified SD
CSU East Bay
St. Rose Hospital
City of Hayward
Gillig
Chabot College
Plastikon
OAKLAND
1
2
3
4
5
6
7
8
Childrens Hospital
Kaiser Permanente
Alta Bates
Mosaic
Pandora
Clorox
Sungevity
Ask.com
6 13 5 8
12 9
7 15 11 4
10
14 3
2
OAKLAND
2
AERIAL W/DOTS
6
3
8
7
5
4
1
2 6
HAYWARD
3
4
8
7
1
FOSTER CITY
6
1
5
9
3
2
2
4
5
7
8
FREMONT
9
9
8
4
1
3
6
5
6
5
PALO ALTO
1
3
7
10
7
4
2
Investment Opportunity | Campway Site
Market Overview
Local Colleges
SAN FRANCISCO BAY
RICHMOND
SAUSALITO
BERKELEY
EMERYVILLE
OAKLAND
SAN FRANCISCO
HAYWARD
PACIFIC OCEAN
PALO ALTO
SANTA CLARA
SAN JOSE
Investment Opportunity | Campway Site
Market Overview
Local Shopping
As Seen On TV
Chinese Gourmet Express
Auntie Anne’s
Cinnabon
Basic
Eye Spy Optometric
Bath & Body Works
Elephant Bar & Restaurant
Catherine’s
Famous Dave’s
Champs Sports
HomeStyle Pizza
Children’s Place
Olive Garden
Claire’s
Panera Bread
Forever 21
Sprint
Game Stop
T-Mobile
Kohls
The Diamond Ring
Ross
Verizon Wireless
Sears
Victoria’s Secret
SOUTHLAND MALL
Harder
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va
Chaparral Grill
ule
American One
Bo
Burger King
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Applebee’s
Mi
99 Cents & More
Road
28168 MISSION BLVD
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Investment Opportunity | Campway Site
About Kidder Mathews
MULTIFAMILY
BROKERAGE DIVISION
The Kidder Mathews apartment group specializes in the sale of multifamily
investment properties and has assisted its clients with the sale of 6,500
apartment units valued at more than $795 million in the last 3 years. We seek
out every opportunity to leverage resources, experience, and relationships
to provide superior apartment analysis, advice, and advocacy. Whether you
are an institutional or local investor, the Kidder Mathews apartment group
delivers unsurpassed expertise and client service to the multifamily industry.
Kidder Mathews is one of the largest independently owned commercial
real estate firms on the West Coast, with experts in 10 offices throughout
California, Oregon, and Washington. The company annually performs
$3.2 billion transactions in Multifamily, Office, Industrial, and Retail. The
company manages 30 million square feet of space, and completes 1,300
appraisals annually. Since they see more transactions, their clients benefit
from superior market knowledge and transaction expertise.
Apartment Group Services:
•
Executive Seller Representation
•
Select Buyer Representation
•
Portfolio Analysis and Strategic Planning
Contact Information
Matthew Clark
Senior Associate
Multifamily Investment Sales
LIC#01920417
[email protected]
650.769.3600
kiddermathews.com
Investment Opportunity | Campway Site
Sold
Kerly Drive Apts
20 UNIT SITE
Matthew C. Clark
SAN JOSE , CA
Senior Associate
In Contract
Evelyn
CAREER SUMMARY
Matt joined Kidder Mathews in 2013 as a Senior Associate, specializing in multi-family and
multi-family land sales. Prior to that, Matt was with Essex Property Trust, Inc. the largest
west coast developer and owner of multifamily properties. Currently the company has a
billion dollar development pipeline, and owns over 250 institutional grade complexes. He
116 UNIT SITE
203 Redwood Shores Pkwy, Suite 530
Redwood City, CA 94065
T 650.769.3506
F 650.769.3551
[email protected]
LIC # 01920417
MOUNTAIN VIEW , CA
also worked at CBRE, where he brokered multi-family transactions. While only at Kidder
Mathews 8 months Matt has brought to market over $8 million worth of multifamily real
estate and put in contract $8 million.
In Contract
EDUCATION
MAPLE COURT
Matt earned his Bachelor of Science degree in business administration, with an emphasis in
44 UNIT SITE
finance, from Leeds School of Business at The University of Colorado. Matt studied abroad
with the Semester at Sea program, traveling to 13 countries during the international academic
HAYWARD , CA
and cultural program.
PROFESSIONAL INVOLVEMENT
Matt serves on the boards of the Young Leaders Circle with Habitat for Humanity and The
Leukemia and Lymphoma Society’s Golden Gate Society Ties. He is also a Young Member
of Urban Land Institute, Belden Club and SFREX.
In his spare time Matt is an avid road and mountain cyclist, fly fisherman, golfer and
snowboarder.
SPECIALTIES
• Multi-family sales
Investment Opportunity | Campway Site