126 West Ahwanee Avenue

The Floriana Apartments are an incredible 68-unit apartment investment opportunity located at 126 West Ahwanee Avenue in highly desirable and rapidly growing Sunnyvale, California.

The Floriana has a gross livable area of 37,136 total square feet providing its tenants a spacious average living area of 546 square feet per one-bedroom/one-bath unit, situated on a lot close to two (2) acres. Each unit at The Floriana has full access to a community laundry room, an off-street numbered parking spot, and community pool.

Sunnyvale median rents skyrocketed over 13% in 2013 and are projected to continue on through 2014-2015 (Marcus & Millichap Research Services), The Floriana Apartments would be a great long-term hold for any potential investor.

Sunnyvale (population 140,095) is one of the major cities that make up the Silicon Valley, and is the seventh most populous city in the San Francisco Bay Area. Sunnyvale is bordered by Cupertino to the south, Santa Clara to the east,
Moffett Federal Airfield to the north, and Google's home of Mountain View to the immediate northwest.

As part of the Silicon Valley, high-tech companies such as Juniper Networks, Fortinet, Google, Apple, LinkedIn, Facebook, NetApp, Spansion, Yahoo!, AppliedMicro and Ariba are headquartered there. Levi's Stadium is a football stadium under construction in Santa Clara, California, as the new home of the San Francisco 49ers. Completion is expected in time for the 2014 National Football League (NFL) season. It will be approximately 3.7 miles from The Floriana Apartments and will undoubtedly lead to more local business, jobs, and further rent increases in this southbay submarket.
In addition; the six (6) buildings that comprise The Floriana were constructed in 1964 and lie on a massive 83,940 square foot lot located just 3/4 of a mile, or ten-minute walk, to LinkedIn's new 560,000 square foot campus located at
555 Mathilda Avenue. The new campus, set to be completed in August 2014, is a great example of how this small pocket of Sunnyvale is poised for tremendous near-term upside in commercial and residential rent growth.