California / Fairfield / 94534 / 3950 Business Center Drive

3950 Business Center Drive

Q: What is the asking price for 3950 Business Center Drive in Fairfield?

The asking price for 3950 Business Center Drive is $23,495,000

Q: What is the building size of this Multifamily property in Fairfield, CA?

The size of the building/unit at 3950 Business Center Drive in Fairfield is 60,239 square feet.

Q: How much land does the Fairfield, CA property at 3950 Business Center Drive include?

3950 Business Center Drive in Fairfield includes 5.670 acres of land.

Q: What is the population within 1 mile of 3950 Business Center Drive?

The population within 1 mile of 3950 Business Center Drive Fairfield, CA 94534 is 1,018 people.

Q: Who do I contact for questions about 3950 Business Center Drive?

You should contact the listing agent, Ethan Berger, for any details regarding this commercial listing.

Fairfield, CA 94534

Listing ID: 250800

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3950 Business Center Drive Fairfield, CA 94534 | for Sale | Photo 1

Building Size: 60,239 SF

Lot Size: 5.670 AC

Land Size: 246,985 SF

Building $/SF: $390.03

Land $/SF: $95.13

Price

$23,495,000

Property Highlights

Brand-new Class B multifamily property completed in July 2017

Low historic vacancy rate

Population growth in Fairfield expected to increase 7.89 from 2020 to 2025

High-quality apartments with attractive market-standard amenities

Centralized Fairfield location ideal for commuters and work-from-home residents

Sale is subject to the assumption of a $13,132,000 loan at 4.43 interest only five years, maturity in 10

Description

Berger Associates is proud to have been selected as the exclusive representative of the "Vines On 80" multifamily property located at 3950 Business Center Drive in Fairfield, CA. Vines On 80 represents a very rare opportunity to invest in a luxury multifamily property constructed in 2017. This complex consists of 63 apartments with a mix of 13 3-bedroom, 2-bathroom units; 40 2-bedroom, 2-bathroom units; and 10 1-bedroom, 1-bathroom units. Vines on 80 houses today's current standard amenities such as in-unit laundry, a business center, a playground, an indoor gym, air conditioning, and ample off-street parking, to name a few. The property is currently 100% occupied.
Vines on 80 has a very central location in Fairfield, CA with nearby elementary and high schools with 7/10 ratings. Both Highway 80 and NorthBay Medical Center are less than one mile away. Access to downtown San Francisco, Oakland, Davis, and Sacramento is less than one hour's driving distance from Vines On 80. Travis Air Force Base is within fifteen miles, and the property neighbors Solano Community College.

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Oakland History of Multifamily Housing for Sale

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Listing Demographics for 3950 Business Center Drive Fairfield, CA 94534

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		1,018	10,066	54,262
Population Median Age		38	39	38
Population by Age	0-9 Yrs	109 (10%)	1169 (11%)	6942 (12%)
	10-19 Yrs	135 (13%)	1164 (11%)	7357 (13%)
	20-29 Yrs	128 (12%)	1417 (14%)	7618 (14%)
	30-39 Yrs	156 (15%)	1323 (13%)	7265 (13%)
	40-49 Yrs	197 (19%)	1645 (16%)	7186 (13%)
	50-59 Yrs	115 (11%)	1319 (13%)	7242 (13%)
	60-69 Yrs	101 (9%)	1211 (12%)	6047 (11%)
	70+ Yrs	78 (7%)	818 (8%)	4606 (8%)

Median HH Income		$115,619	$111,649	$88,025
Total Household Income	< 24K	17 (4%)	184 (5%)	1959 (11%)
	25-49K	23 (6%)	255 (7%)	3007 (17%)
	50-74K	49 (13%)	468 (13%)	2457 (13%)
	75-99K	36 (10%)	451 (13%)	2658 (15%)
	100-199K	173 (48%)	1438 (43%)	5454 (30%)
	200K+	56 (15%)	547 (16%)	2081 (11%)

Highest Education Level	No Diploma	20	291	4208
	Diploma or GED	117	1205	7872
	Some College	177	1943	10132
	Assoc. Degree	103	917	3879
	Bachelors Degree	230	2014	7463
	Higher Degree	81	752	3180

Total Housing Units		367	3,437	18,225
--Owner-Occupied		233	2,422	10,878
--Renter-Occupied		122	921	6,738
Owner-Occupied Values	< 100K	0	9	249
	100-199K	3	46	413
	200-299K	5	105	1400
	300-399K	34	519	2622
	400-499K	68	712	2564
	500K+	123	1031	3629

Total Working Age Population		806	8,121	42,669
In Work Force		590	5,568	27,775
Not In Work Force		216	2,554	14,895
Workforce Employed		581	5,418	26,257
Workforce Unemployed		9	149	1,382
Civlian Workforce		590	5,568	27,639
Military Workforce		0	0	135

Total Households		355	3,343	17,616
Family Households		266	2,581	13,172
Non-Family Households		89	762	4,444
Married Couple		211	2,097	9,666
Other Family		55	484	3,505
Married w/Child		96	846	4,006
Single Male w/Child		4	53	451
Single Female w/Child		17	116	1,162

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
California	33,871,648	+10	37,253,956	+9	40,467,295	+8	43,631,295
Napa County	124,279	+10	136,484	+4	141,701	+5	149,289
Solano County	394,542	+5	413,344	+9	449,432	+11	499,633

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 3950 Business Center Drive in Fairfield?

The asking price for 3950 Business Center Drive is $23,495,000

What is the building size of this Multifamily property in Fairfield, CA?

The size of the building/unit at 3950 Business Center Drive in Fairfield is 60,239 square feet

How much land does the Fairfield, CA property at 3950 Business Center Drive include?

3950 Business Center Drive in Fairfield includes 5.670 acres of land

What is the population within 1 mile of 3950 Business Center Drive in Fairfield?

The population within 1 mile of 3950 Business Center Drive Fairfield, CA 94534 is 1,018 people.

Who do I contact for questions about 3950 Business Center Drive?

You should contact the listing agent, Ethan Berger, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Metropolitan Oakland International Airport (OAK)	36
Sacramento International Airport (SMF)	43
San Francisco International Airport (SFO)	44