Two Multifamily Development Projects for Sale in El Cerrito, CA

Posted In — News & Press | Press Releases

San Francisco, Calif. (October 3, 2017) – Commercial real estate developer, Charles Oewell, has retained Kidder Mathews, a commercial real estate brokerage firm, to exclusively market two multifamily development projects at 10167 San Pablo Avenue and 921 Kearney Street in El Cerrito, California. The offering is represented by Clayton Jew, a senior vice president with the firm.

The development projects are located in downtown El Cerrito’s theater and transit districts. Both sites
are zoned Transit Oriented Mixed Use and are within walking distance to one of two BART stations in El Cerrito, as well as retail amenities.

The plan proposes the development of Avenue Lofts, a six-story, 62-unit complex, and Kearney Street Lofts, a five-story 72-unit complex. The properties can be acquired together or separately. The developer expects to obtain full entitlements by December 2017.

“Over the past five years, fueled by the real estate boom and regional growth in jobs, the El Cerrito multifamily market has outpaced expectations,” said Jew. “The downtown is experiencing a revitalization and expansion, particularly along the north/south thoroughfare of San Pablo Avenue. The proximity to BART and other transportation makes this a superb opportunity to participate in a long-term multifamily investment,” he said.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with nearly 800 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $5.6 billion in transactions, manages over 48 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.

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