Seven Acres_Property for Sale
Seven Acres_Property for Sale
10999 SE 37th Ave, Milwaukie, OR, 97222, US

Seven Acres

Asset description

Seven Acres (the “Property”) is a 234-unit new construction multi-housing community located in the rapidly growing Milwaukie submarket, adjacent to New Seasons and a short walk from Downtown Milwaukie. Located ten minutes south of Downtown Portland, Seven Acres offers a high-quality suburban lifestyle with convenient access to the region’s major economic drivers, including OHSU, Portland’s largest employer. Situated between Southeast Portland and Clackamas, housing demand is driven by employment supported by over 21 million square feet of industrial space accessible within 5-miles of the property. Delivered in April of 2023, property performance has demonstrated strong demand for the luxury unit finishes and expansive community amenities, as the property has achieved an average of 16 leases per month and successfully removed all concession offerings at the beginning of June.


Seven Acres presents investors the opportunity to acquire a newly built asset in a supply constrained submarket, offering a rental housing product that is the first of its kind in a burgeoning suburban location.

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Attributes

Units
234
Year built
2023
Parking spaces
286
Building area net
16,111 sm
Land area net
2.93 ha
Occupancy
91.45%

Media

Investment highlights

  • Unmatched community amenities with ultra-modern unit finishes
  • Premier suburban lifestyle amenities with convenient access to major economic drivers
  • Future rent growth supported by limited new housing supply
  • Top performing submarket with exceptional market fundamentals
  • Vertical housing development property tax abatement
  • High-quality living at a discount to homeownership
Seven Acres 4_Property for Sale
Seven Acres 4_Property for Sale

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Seven Acres (0 Properties)

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Last updated
Jun 25, 2024