The Glenwood
3029 W Glenwood Ave, Philadelphia, PA, 19121, US
49 units
Attributes
Number of units
86
Occupancy
99%
Year built
1912
Year renovated
2003
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Martin Tower, a 86-unit Senior HAP property in Sioux City, IL. The Offering is well-located in downtown Sioux City and offers a stable, bond-like cash flow due to strong economic occupancy of 99% as of the March rent roll. The Property presents investors with the opportunity to deploy capital into a well-performing senior asset with the ability to assume accretive existing debt with a principal balance of $5.35M at a 2.14% interest rate.
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Investment Highlights
- HAP Contract Provides Stable Operations
- Attractive Senior Asset Garnering Strong Demand
- Ideal Location in Downtown Sioux City
- Highly Amenitized Community with a Prominent Commercial Ballroom
- Accretive Existing Debt
Media
Martin Tower (0 Properties)
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Last updated
30 Apr 2025