2500 Cannery Loop - Apartments FOR SALE


Davis, CA 95616
$32,000,000 USD
916-751-3625
2500 Cannery Loop, Davis, CA for Sale
$32,000,000 USD
Apartments - FOR SALE
1/45
null | 5.04% Cap Rate

2500 Cannery Loop
Davis, CA 95616


HIGHLIGHTS

  • 72 Units | 13 Two-bedroom, 50 One-bedroom, 9 One-bedroom Lofts
  • 100% Leased | Immediate cash flow with a waiting list of prospective tenants
  • Brand New Construction | Completed in May 2024
  • Luxury Finishes | High-end appliances, smart home integration, private balconies
  • Community Amenities | Pool, clubhouse, covered parking, bike storage, and more
  • Strategic Location | In the growing Cannery Village, close to UC Davis and future retail development

OVERVIEW

The property offers an unparalleled investment opportunity in Davis, California, a highly desirable and supply-constrained market. This newly completed, 72-unit Class A apartment complex, finished in May 2024, is already 100% leased with a waiting list, reflecting the strong demand for high-end housing. The lease-up period was remarkably swift, taking just five months to fully occupy the property. The complex includes 13 spacious 2-bed/2-bath units, 50 well-appointed 1-bed/1-bath units, and 9 beautiful 1-bedroom loft units, offering a variety of options for residents. Each unit features 9-foot ceilings, full-size stainless steel appliances, quartz countertops, smart home integration, and private patios or balconies, making them ideal for modern living. The four distinct floor plans, ranging from 611 to 946 square feet, are designed to suit diverse lifestyles, from young professionals to students to small families. With strong occupancy, high demand, and significant future growth in the neighborhood, this property is poised to deliver both short-term cash flow and long-term appreciation. Opportunities like this are rare in Davis, making The Marco at The Cannery a must-see for serious investors.

FOR SALE DETAILS

PRICE

$32,000,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

72

PRICE/UNIT

$444,444

CAP RATE

5.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MarCo at the Cannery

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

113

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

PD 1-11B

APN/PARCEL ID

035-510-036-000

ASK ABOUT THIS PROPERTY

Tyler BoydKidder MathewsMore Info
916-751-3625

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Tyler BoydKidder MathewsMore Info
916-751-3625

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