1250 Lakeside

LUXURY APARTMENTS IN THE HEART OF SILICON VALLEY

Colliers is pleased to present the exclusive opportunity to acquire an extremely desirable, newly constructed multifamily asset, situated in the highly sought after Silicon Valley market. Completed in 2021. the property contains 250 luxury units across seven-stories, and offers a diverse mix of studio, one-, and two-bedroom residences, ranging from 442 to 1,427 square feet. Designed with contemporary aesthetics and high-end finishes, the apartments feature expansive floor-to-ceiling windows and modern appliance packages, catering to the discerning high-income demographic in Silicon Valley ($227,000 AAHI within a 1-mile radius of the property). The property is exceptionally well-located within just a few miles of Apple, Google, Meta, Amazon and numerous other tech companies, making a preferred choice of local employees.

The community boasts an array of upscale amenities, including smart home technology, coworking lounges, a state-of-the-art fitness center, pet spa, and outdoor firepits. Residents can enjoy the serene lakeside setting with walking trails and bike paths that connect to local attractions, enhancing the living experience. Its strategic location offers easy access to major tech employers and the broader Bay Area, making it a highly attractive residence for the region's workforce.

Currently 95% occupied with average in-place rents of $3,541 per month, 1250 Lakeside is well positioned to capitalize on the limited development pipeline in surrounding towns. As nearby tech companies continue to strengthen their return-to-office mandates, demand for well-located, highly amenitized, apartment complexes can be expected to continue to grow. In addition, 1250 Lakeside is positioned next to a a high-end hotel development (M Social), whose presence will offer additional amenities and demand at the asset.

95% Occupied