2500 Cannery LoopDavis, CA 95616

This exceptional Class A, 72-unit apartment building in Davis, CA presents a compelling institutional investment opportunity. Completed in May 2024, the property boasts 100% occupancy and a waiting list, demonstrating strong market demand. The 81,621 square foot building features a mix of 13 two-bedroom/two-bathroom, 50 one-bedroom/one-bathroom, and 9 one-bedroom loft units, all with high-end finishes including 9-foot ceilings, stainless steel appliances, quartz countertops, and smart home integration. Units range from 611 to 946 square feet and include private patios or balconies. The property sits on an 84,070 square foot lot and includes 113 parking spaces. Community amenities are extensive and include a pool and clubhouse. The building is strategically located in the growing Cannery Village, near UC Davis and future retail developments. With a current NOI of $1,592,664 and a pro-forma NOI of $1,727,187, this property offers a 4.50% cap rate and a pro-forma cap rate of 4.88%. The asking price is $35,392,528. Built to LEED Silver equivalency standards, this property offers both immediate cash flow and significant long-term appreciation potential in a highly desirable, supply-constrained market. The property's APN is 035-510-036-000 and is zoned PD 1-11B. This is a rare opportunity for investors seeking a stabilized, high-performing asset in a prime location.