Valuable Capital Investment

Delmas Village

Introduction

The subject is a proposed 120-unit mid-rise, multi-family property known as Delmas Village.
The project will be of good quality Class A construction and will include the following amenities: community center, bike lockers, leasing office, rooftop deck and electric vehicle charging. This apartment complex showcases spectacular views of downtown San Jose, while being conveniently located at the intersections of Highways 280 and 87, which run across the entirety of the Bay Area. Delmas Village is in the heart of Silicon Valley, neighboring downtown San Jose, the SAP Center, Diridon Station, and the most popular tech companies, including Google, Apple, and Adobe. There have been massive increases in business and staff in the Bay Area, including the famous Google Village, which has propelled other businesses to grow larger and build new complexes, adding more demand for housing

Location

345 Delmas Ave, San Jose, CA 95126

Community Highlights

• Residential A-class apartment building

• Total RSF – 83,000 sqf

• Qualified Opportunity Zone for the tax benefits

• Located in the best location of SJ OZ. Closed to New Google Campus and is part of the San Jose West Downtown development plan. The rental revenue is solid.