*Marketing Package available upon request*
Marcus & Millichap is pleased to exclusively offer 2013 Town & Country Lane apartment building to the Bay Area investment community. This complex is a four unit community located in highly desirable and rapidly growing Santa Clara, California. The subject property was built in 1963 and consists of 3,717 square feet (per county assessor) of living space on a 7,475 square foot lot (per county assessor). The asset accommodates an attractive unit mix of one three-bedroom/two-bath, two two-bedroom/one-bath, and one one bedroom/one-bath units. In addition, there are a total of five assigned tuck-under parking stalls. 2013 Town and Country Lane has schools located in the highly respected Santa Clara Unified School District. The property feeds into Westwood Elementary School (750 API), Bucsher Middle School (804 API), and Santa Clara High School (782 API).
The subject property is located approximately 3 miles from Apple's highly anticipated spaceship campus in Cupertino. This new campus, said to employ around 14,000 workers, is a great example of how the South Bay tech market serves as an incubator for tremendous upside in commercial and residential rent growth. Furthermore, this complex is located less than two miles from highly sought after Santana Row, which is a luxurious conglomerate of world-class retail brands, cutting-edge boutiques and culinary crafts.
Santa Clara is a major city in the Silicon Valley and the ninth most populous city in the San Francisco Bay Area. Many of the largest technology companies have operations around Santa Clara including Intel, Google, Apple, LinkedIn, Amazon, Microsoft, and Yahoo. The robust high tech job growth, shortage of housing units, rent growth, and proximity to large Silicon Valley employers make 2013 Town and Country Lane a great opportunity for both the cash flow and appreciation minded investor.
