Elements@1600

The Mogharebi Group is pleased to present the opportunity to acquire Elements@1600, a 120 unit multifamily community made up of 15 individually parceled eightplexes, located at 1600 Travion Court in Fairfield, California. This unique asset benefits from a unit mix made up of all desirable, large, and easy to lease 2-bedroom floorplans, with the notable exception of a single studio unit. Additionally, Elements@1600 offers tenants a prime location, conveniently walkable to major local retail centers such as Solano Town Center and Oakmont Plaza. Elements@1600 enjoys high occupancy, providing investors with an excellent opportunity to increase returns through potential rent increases and optimizing existing lease agreements. The property also features an attractive assumable loan fixed at a rate of 3.31%. The Fairfield submarket shows solid growth in rental rates and maintains a low vacancy rate of 5.9%. With minimal construction activity in the area, these robust market fundamentals are expected to underpin stable rental income and facilitate long-term property value appreciation.