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Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA...

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Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal. FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com Independently Owned and Operated 809 S. Maple Avenue - Fresno, California AVAILABLE FOR SALE MAPLE AVENUE APARTMENTS 9 Apartment Units Asking Price: $620,000 $68,888 per Unit One-bedroom, One-bath Units Year Built: 1956 Apartments will not be shown without the listing agent present. Please do not tour the property unaccompanied or disturb residents. If you would like to view the property, please call the listing agent to schedule a time of mutual convenience. For Additional Information Contact: Dustin Ilic, CCIM Vice President - Investment Division 559.447.6292 - [email protected] CA DRE #01772625 Brice Ewell Sales Associate 559.447.6253 [email protected] CA DRE #02019233 MAPLE AVENUE APARTMENTS
Transcript
Page 1: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

809 S. Maple Avenue - Fresno, California

AVAILABLE FOR SALEMaple avenue apartMents

� 9 Apartment Units

� Asking Price: $620,000

� $68,888 per Unit

� One-bedroom, One-bath Units

� Year Built: 1956

Apartments will not be shown without the listing agent present. Please do not tour the property unaccompanied or disturb residents. If you would like to view the property, please call the listing agent to schedule a time of mutual convenience.

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment Division559.447.6292 - [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

MAPLE AVENUE APARTMENTS

Page 2: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

AVAILABLE FOR SALEMaple avenue appartMents | 809 s. Maple avenue - Fresno, Ca

Disclaimer

This marketing material is presented in order to provide preliminary information about the Property offering. It is intended to establish a level of interest in the Property, but the information provided is not all inclusive. There may be other relevant material or market factors which have not been presented, but which bear materially on this asset for sale. This brochure should not be considered a substitute for thorough due diligence.

The material provided has been obtained from sources we believe to be reliable. We have not verified the information and make no guarantee, warranty, or representation about it. It is the responsibility of the recipient of this information to independently confirm its accuracy and completeness. This information should not be relied upon without a careful and independent investigation. Newmark Grubb Pearson Commercial makes no warranty or representation regarding the subject property, its physical condition, or its financial records.

The Property is being offered for sale “As Is”. There are no reserves for replacement or capital improvements to be transferred with the Property.

Any prospective purchaser is strongly encouraged to conduct a thorough due diligence examination of all property and market factors.

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

Page 3: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

Maple avenue appartMents | 809 s. Maple avenue - Fresno, Ca

AVAILABLE FOR SALEexeCutive suMMary

Configuration: The property is located on a regular shaped parcel of land totaling 0.22± acres and is improved with a 9 unit, single story garden style apartment complex totaling approximately 4,422± square feet according to Assessor records. The property was completed in approximately 1956.

Construction is masonry block on concrete slab. The project consists of 9 one bedroom, one bathroom units of approximately 475± square feet. Unit square footages are based on records available to this office and should be verified by any prospective buyer.

Interior unit amenities include range and oven, tile flooring, double pane windows, window AC units, and wall mounted gas heaters. All units are individually metered for gas and electricity, each unit has its own separate hot water heater.

Maple Avenue ApartmentsList Price: $620,000.00

GIM: 10.23CAP: 6.98%Price per Unit: $68,888.00

Price per SF : $140.21.00

Property FactsCross Street: East El Monte AvenueTax Parcel Number: 470-083-25Year Built: 1956Construction Type: Masonry BlockRoof Type: Pitched FoamBuilding Class: CLocation Class: CZoning: MA09-R-3

Unit DetailsWasher/Dryer: Common AreaHVAC: Wall-mounted AC & Gas Wall HeatersFireplaces in Units: NoFire Sprinkler: NoCable TV: Yes -TenantNo. of Stories: OneNo. of Parking Spaces: 9 Covered + overflowClubhouse: No

Page 4: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

PROPERTY PHOTOS

AVAILABLE FOR SALEexeCutive suMMary Continued

Utilities: All utilities are available to the site. Electric service is provided by Pacific Gas & Electric. Water and sewer are provided by the City of Fresno.

Parking: There are a total of 9 covered parking spaces. Overflow parking available on the street.

Area: 809 S. Maple Avenue Apartments are located just south of Kings Canyon Road on Maple Avenue. The immediate area is developed primarily to single-family residential. Public transportation, employment, education, entertainment, and shopping are all readily available along Kings Canyon Road. The Fresno Fair Grounds are immediate opposite the property to the west. Eastgate Shopping Center is one block to the east on Kings Canyon Road featuring Grocery, Drug, Fast Food, Banking, and many other service related opportunities for residents. Roosevelt High School is within 2 blocks from the property.

Terms: 809 S. Maple Avenue Apartments are a “value added” opportunity. The project is currently 100% occupied.

Page 5: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

809 S Maple Ave Units: 9Fresno, CA 93702

Operating Statement

Income Current Proforma Year 1 Notes Per UnitGross Scheduled Rent 60,600$ 70,200$ 7,800$

Vacancy (3,030)$ 5% (3,510)$ 5% [1] (390)$ Effective Rental Income 57,570$ 66,690$

Other IncomeMisc. -$ -$ [2] -$ Laundry -$ 1,800$ [3] 200$

Total Other Income -$ 1,800$ 200$ Effective Gross Income 57,570$ 68,490$ 7,610$

Expenses Current Proforma Year 1 Notes Per UnitReal Estate Taxes 3,229$ 7,733$ [4] 358.78$ Insurance 1,740$ 1,740$ [5] 193.33$ Utilities - Electric 191$ 191$ [6] 21.20$ Utilities - Water, Sewer & Trash 4,140$ 4,140$ [7] 460.00$ Repairs & Maintenance 4,500$ 4,500$ [8] 500.00$ Landscaping & Supplies -$ -$ -$ Pest Control 500$ 500$ [9] 55.56$ Payroll -$ -$ -$ General/Administrative & Legal -$ -$ -$ Misc. Expenses -$ -$ -$ Management Fee -$ 3,335$ 5% of ERI [10] 370.50$

Total Expenses 14,300$ 22,138$ 1,959$ Expenses as % of EGI 23.6% 32.3%Net Operating Income 43,270$ 46,352$ 5,793.95$

Notes and assumptions to the above analysis below.

Listing Price 620,000.00$ Price Per Unit 68,888.89$ Cap Rate 6.98%Proforma Cap Rate 7.48%

Dustin Ilic, Vice President, CCIM, Multifamily Division7480 N Palm Ave, Suite 101, Fresno, CA 93711Phone: 559.447.6292, Email: [email protected]

Notes to Operating Statement[1] Physical Vacancy is estimated[2] Late Fees, Application Fees, etc. [3] Potential Other Income from Laundry [4] Real Estate Taxes based on actual tax rate of 1.247236% of purchase price[5] From Owner[6] From Owner[7] From Owner[8] From Owner[9] From Owner[10] Market Standard

809 S Maple Ave Units: 9Fresno, CA 93702

Operating Statement

Income Current Proforma Year 1 Notes Per UnitGross Scheduled Rent 60,600$ 70,200$ 7,800$

Vacancy (3,030)$ 5% (3,510)$ 5% [1] (390)$ Effective Rental Income 57,570$ 66,690$

Other IncomeMisc. -$ -$ [2] -$ Laundry -$ 1,800$ [3] 200$

Total Other Income -$ 1,800$ 200$ Effective Gross Income 57,570$ 68,490$ 7,610$

Expenses Current Proforma Year 1 Notes Per UnitReal Estate Taxes 3,229$ 7,733$ [4] 358.78$ Insurance 1,740$ 1,740$ [5] 193.33$ Utilities - Electric 191$ 191$ [6] 21.20$ Utilities - Water, Sewer & Trash 4,140$ 4,140$ [7] 460.00$ Repairs & Maintenance 4,500$ 4,500$ [8] 500.00$ Landscaping & Supplies -$ -$ -$ Pest Control 500$ 500$ [9] 55.56$ Payroll -$ -$ -$ General/Administrative & Legal -$ -$ -$ Misc. Expenses -$ -$ -$ Management Fee -$ 3,335$ 5% of ERI [10] 370.50$

Total Expenses 14,300$ 22,138$ 1,959$ Expenses as % of EGI 23.6% 32.3%Net Operating Income 43,270$ 46,352$ 5,793.95$

Notes and assumptions to the above analysis below.

Listing Price 620,000.00$ Price Per Unit 68,888.89$ Cap Rate 6.98%Proforma Cap Rate 7.48%

Dustin Ilic, Vice President, CCIM, Multifamily Division7480 N Palm Ave, Suite 101, Fresno, CA 93711Phone: 559.447.6292, Email: [email protected]

Notes to Operating Statement[1] Physical Vacancy is estimated[2] Late Fees, Application Fees, etc. [3] Potential Other Income from Laundry [4] Real Estate Taxes based on actual tax rate of 1.247236% of purchase price[5] From Owner[6] From Owner[7] From Owner[8] From Owner[9] From Owner[10] Market Standard

AVAILABLE FOR SALEFinanCial suMMary

Page 6: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

809 S Maple AveJune 2019 Rent Roll Proforma Rent Roll

Unit BD/BA Scheduled Rent Size Unit BD/BA Scheduled Rent Size1 1/1 $550 475 1 1/1 $650 4752 1/1 $550 475 2 1/1 $650 4753 1/1 $550 475 3 1/1 $650 4754 1/1 $550 475 4 1/1 $650 4755 1/1 $550 475 5 1/1 $650 4756 1/1 $650 475 6 1/1 $650 4757 1/1 $550 475 7 1/1 $650 4758 1/1 $550 475 8 1/1 $650 4759 1/1 $550 475 9 1/1 $650 475

TotalMonthly Scheduled Gross Income 5,050$ 5,850$ Annual Scheduled Gross Income 60,600$ 70,200$

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

AVAILABLE FOR SALEFinanCial suMMary Continued

Page 7: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

PROPERTY PHOTOS

AVAILABLE FOR SALEFinanCial suMMary Continued

Page 8: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

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AVAILABLE FOR SALEaerial Map

Page 9: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

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For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

f r e s n of a i r g r o u n d s

Anaheim, California

AVAILABLE FOR SALEaerial Close-up

Page 10: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

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For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

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AVAILABLE FOR SALEloCation overview

Page 11: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

MetroScan / Fresno (CA)

2. 4.1. 3.

Additional Features

Pool : AddlRm SqFt : Bldg Class :Stories : Garage SqFt : Bldg Shape :Units : Garage Type : Bldg Matl :Air Cond : BasementSF : Year Built :Fireplace : 2nd Flr SqFt : Lot Dimen :Bathrooms : 1st Flr SqFt : Lot SqFt :Bedrooms : Bldg SqFt : Lot Acres :

Owner Ph :Census : Tract : Block : Tax :LandUse : TaxArea :MapGrid : % Owned :Vesting : % Imprv :Lender : IntTy : Type :LoanAmt : Loan : Exempt :Price : Deed : Total :Xfered : Doc # : Other :Mail : Struct :Site : Land :CoOwner : Bldg ID# ofOwner : Parcel : 470 083 25Guerena J Michael

11$56,584809 S Maple Ave Fresno 93702$191,266240 Nice Ln #202 Newport Beach Ca 92663

1001701/29/2014$247,850Quit Claim

77Trust\trustee100005035Res,Apartments,9 UnitsMA09R-3$3,227.8418-19313.01

.224,42299,4244,4229.0076X1241956RefrigMasonryGarageRectangle1,56013.5

or warranties as to the accuracy or completeness of information contained in this report.Information compiled from various sources. CoreLogic makes no representations

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

AVAILABLE FOR SALEassessor’s parCel Map: 470-083-25

Page 12: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

FRESNo

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

AVAILABLE FOR SALEregional Map

Page 13: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

Fresno Facts: Fresno is one of the fastest growing communities in the Nation. It has received favorable reviews in the Los Angeles Times, San Francisco Chronicle, Wall Street Journal, and Forbes Magazine. Located 158 miles southeast of San Francisco and 252 miles north of Los Angeles, Fresno County is the richest and most productive agricultural region in the United States with annual agricultural sales in excess of $6 billion for over 250 commodities. The Fresno Metropolitan area had a population of 500,121 in 2011, and Fresno County had a population of 940,220. Fresno is the 5th largest city in California and the 34th largest city in the United States.

Agriculture: The fertile soil of the San Joaquin Valley and 300 days of sunshine each year support its world record production of a diverse assortment of crops (250+ different crops) and livestock. In 2013 Almonds surpassed Grapes as the single largest crop in Fresno County, followed by Poultry, Milk, Tomato, Cattle and Calves, Pistachios, Garlic, Cotton and Oranges.

The Economy: While agriculture is an important element in the economic strength of the region, many unrelated industries complement and stabilize the local economy, including private sector plants and service centers, large state and federal government offices, hospitals, and educational institutions. According to the United States Department of Labor in 2013, workers in agricultural production and services accounted for 17.34% of the total Fresno employment base, with unrelated industries and employers accounting for roughly 83% of the employment base. There are a large number of major projects underway.

� The multi-billion dollar California High Speed Rail system has begun construction on the first 29-mile segment that stretches from the northeast fringe of Madera to the southern edge of Fresno.

� A master planned 460 acre residential and commercial use development consisting of 2,600 residential units and up to 295,000 square feet of commercial buildings in southwest Fresno.

� Expansion of the freeway system including freeways 41, 180 and 168 totaling $350 million already spent. � $300 million expansion and renovation of Clovis Community Medical Center

An Ernst and Young study tapped Fresno as an ideal location for manufacturing and distribution, due to its proximity within one day’s drive of 35 million people. Manufacturing concerns in this Port of Entry region produce farm machinery, metal products, transportation equipment, stone, clay, and glass products, lumber and wood products, furniture and fixtures, and electrical equipment. Government, services, and trade are also important economic sectors.

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

AVAILABLE FOR SALEFresno apartMent Market

Page 14: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

AREA INFoRMATIoN

Location: Maple Avenue Apartments is located in mid-town Fresno. Fresno is the regional center of Fresno County which

stretches across the geographical heartland of California from its rugged coastal range into the snow-capped Sierra Nevada

Mountains. It is the 5th largest county in the state and encompasses some 6,600 square miles of prime land.

City of Fresno: Fresno is the hub of Central California. In 2011, Fresno surpassed Sacramento to become California’s fifth

largest city. The Fresno county area has a population of approximately 940,220. It is the regional home of state and federal

government, including educational services, judicial and regulatory branches and the Internal Revenue Service Western

Processing Center. The Gap, Inc. has named Fresno as the home for their Pacific Distribution Center and is home to over

300 employees. The Gap facility houses more than 1 million square feet of distribution and warehouse space. Fresno is the

regional headquarters for a variety of industries and the center for business and commerce in the heart of California.

Industries find the seismic stability, the availability of space and the pool of qualified workers a real advantage over competing

area in the west.

AVAILABLE FOR SALEFresno apartMent Market

Page 15: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com

Independently Owned and Operated

EMPLoYERS INDUSTRY

Some of Fresno County’s Major Employers Product/Services

Fresno Unified School District Education

County Of Fresno County Government

Community Medical Centers Healthcare

Kaiser Permanente Healthcare

City of Fresno City Government

Clovis Unified School District Education

Saint Agnes Medical Center Healthcare

Quinn Group, Inc. Manufacturing

Foster Farms Food Processing

California State University, Fresno Education

AT&T Telecommunications

Cargill Meat Solutions Meat Production

Zacky Farms Food Processing

Aetna Insurance

AVAILABLE FOR SALEFresno apartMent Market

For Additional Information Contact:

Dustin Ilic, CCIMVice President - Investment [email protected] DRE #01772625

Brice EwellSales [email protected] DRE #02019233

Page 16: Maple avenue apartMents AVAILABLE FOR SALE€¦ · FRESNo oFFICE 2 4EPQ %ZI *VIWRS '% VISALIA oFFICE 7 (IQEVII 7X : ... This marketing material is presented in order to provide preliminary

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300

Independently Owned and Operatedwww.newmarkpearson.com


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