 |
| 4001 Nicolet is a fully upgraded multifamily community in Fremont, CA |
FREMONT,
CA – Levin Johnston of Marcus and Millichap, one of the top
multifamily brokerage teams in the U.S. specializing in wealth management
through commercial real estate investments, has directed the sale of 4001
Nicolet, a fully upgraded multifamily community in Fremont, California.
 |
| Adam Levin |
Levin Johnston’s Executive Managing
Director Adam Levin, Senior Managing Director Robert Johnston,
and Investment Associate Eymon Binesh represented the seller, and
procured the buyer in the transaction.
“Fremont’s population is expected to grow
by more than 5% through 2024 and is booming with activity, including a brand
new 110-acre community plan that will support the local workforce and
transit-oriented population, which will continue to drive resident demand for
years to come,” explains Levin.
“Further, the city is home to some of the top tech companies in
the world, including TESLA, Logitech, and Facebook – which recently leased over
one million square feet in Fremont to accommodate more than 19,000 employees –
attracting interest from a wide range of investors.”
 |
| Robert Johnston |
The community is located in close
proximity to Fremont’s bustling Central District near to I-680 and I-880,
providing direct access to the Bay Area peninsula.
“In addition to major employers, 4001
Nicolet is situated near transportation corridors and a multitude of shopping,
dining, and entertainment options,” says Johnston.
"By keeping our finger on the pulse
of the market, Levin Johnston was able to draw upon our local relationships to
identify a pool of competitive buyers and effectively demonstrate the quality
of the upgraded community and high renter interest in the market. Ultimately,
we quickly secured the close of a satisfying transaction for both parties.”
Situated on 0.68 acres, the property
offers one- and two-bedroom floorplans. Originally constructed in 1972, unit
interiors were recently upgraded with fully remodeled bathrooms and kitchens,
stainless steel appliances, granite countertops, new carpets, and hardwood
flooring.
 |
| Eymon Binesh |
Additional modern community amenities
include private balconies, private storage and an on-site laundry facility.
The property, 4001 Nicolet Avenue in
Fremont, California, sold for a total consideration of $12.2 million.
For more information about Levin
Johnston’s $100 million in available properties, visit www.levinjohnston.com.
CONTACTS:
Alex Caswell / Katie Haga
Brower Group
(949) 438-6262
No comments:
Post a Comment