NAI Northern California Represents $13M Sale of Aloha Apartments in Hayward
HAYWARD, CA – NAI Northern California, the Bay Area presence for NAI Global, the largest commercial real estate brokerage network in the world, is proud to announce the $13,175,000 sale of the Aloha Apartments in Hayward, CA.
NAI Northern California’s Vice President Shivu Srinivasan and Investment Advisor Robert Dau represented both the buyer and seller in this transaction. According to Mr. Dau, “Through the combined efforts of the sophisticated approach of the buyer and Shivu Srinivasan’s deep knowledge of the East Bay market, we were able to bring this deal over the finish line.”
The Aloha Apartments are located at 250 W. Jackson Street. with ease of access to I-880 and I-580 freeways, and Hayward BART station. Shivu and his team were able to navigate around issues like deferred maintenance and below-market rents to negotiate a substantially higher price by demonstrating the value of the property’s amenities and location.
At 47,250 square feet with 70 units, the Aloha Apartments offers tenants valuable amenities including a pool and spacious patios. The property itself is centrally located in Hayward with a great location next to Hayward BART station and various well-known retailers in and around the Jackson Square Shopping Center.
The transaction is representative of the growing trend of real estate investors tapping into parts of the East Bay Area that are often more stable and cheaper to manage and maintain compared to real estate investments in San Francisco and Oakland.
About NAI Northern California
NAI Northern California is at the leading edge of technology, collaborative culture, and training, giving our local professionals a competitive advantage and creating better outcomes for our clients. We are consistently a top Commercial Brokerage in the Bay Area, and continue to grow our team and revenues.