Sold

Marymount Gateway & The Summit at Skyline

407-435 Gateway Dr, Pacifica, CA 94044

$62,900,000

Highlights

Exceptional Value-Add Opportunity – Purchaser has the opportunity to achieve significant rental premiums through interior renovations and additions to the common areas and amenity package.

Coveted Peninsula Investment Opportunity – Marymount Gateway and The Summit at Skyline represents the rare opportunity to acquire a 170-unit value-add apartment community located in Pacifica, California.

Operational Upside – Marymount Gateway and The Summit at Skyline offers operation upside through the ability to capture significant embedded loss-to-lease and higher penetration of utility reimbursement.

Situated on over 6 Acres of land with beautiful views, Marymount Gateway and The Summit at Skyline provides tenants a commuter’s dream given its location surrounded by world renowned companies such as YouTube, Genentech, Google, Salesforce, Facebook, Tesla, Oracle, Apple, Box and LinkedIn.

6.26 Acres lot

Adam Levin

title Executive Managing Director
PHONE (650) 492-0934
EMAIL [email protected]
DRE # 01462752

Robert Johnston

title Senior Managing Director
PHONE (650) 391-1744
EMAIL [email protected]
DRE # 01853816

Features & Amenities

Area & Lot

Status Sold
Lot Area6.26 Acres
TypeMulti-Family

Financial

Sales Price$62,900,000

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We go beyond the transactional mindset, and instead deliver truly valuable investment guidance based on our deep industry knowledge, relationship-focused approach, dominance in the markets we serve, and commitment to putting our Clients’ success first.

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Contact Details

ADAM LEVIN | CA DRE# 01462752

Phone

(650) 391-1782

[email protected]

ROBERT JOHNSTON | CA DRE# 01853816

Phone

(650) 391-1744

[email protected]

Address

40 Hawthorne Ave. Los Altos, CA 94022

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