The Apartments at Valley Square_Property for Sale

701 Easton Road, Warrington, PA, 18976, US

The Apartments at Valley Square

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of 701 Easton Road (the “Site”, “The Apartments at Valley Square”, or “Valley Square”), a development site located in the South Parking Lot of the Shops at Valley Square in Warrington, Bucks County, PA. At present, ownership has received all re-zoning permits and is in the process of obtaining entitlements for the Site. The offering presents investors with the opportunity to construct up to 300 luxury apartments, and capitalize on Central Bucks County’s consistently strong multi-housing fundamentals.

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Attributes

Land area gross

14,043 sm

Parcel

50-031-034-001

Zoning

Mixed Use

Buildings

Floors

Parking spaces

183

Units

201

Media

Investment highlights

Prime Multi-Family Development Site

Located in the South Parking Lot of the Shops at Valley Square, anchored by a collection of national retailers and restaurants

Exceptional Commuter Access

Situated at the intersection Route-132 & Route-611 ensures seamless connectivity to major highways such as I-95, Route-309, and the PA Turnpike

Consistent Submarket Fundamentals

Averaged 5.3% rent growth over the past 5 years. Projected to reach 3.7% by year-end 2024 and remain above 3.0% for the foreseeable future

Central Bucks County School District

Rated the #1 school district in the county (Niche.com)

Adjacent to Wegman's Food Market

Located 0.2 miles from nationally acclaimed grocer, Wegman’s Food Market

Lack of Existing Supply

Upon completion, The Apartments at Valley Square will be one of only four 100+ unit newly constructed multi-housing assets delivered in the Central Bucks County submarket over the last decade