Ascension on the Bayou _Propriété à vendre
Ascension on the Bayou _Propriété à vendre
150 W Sam Houston Pkwy N, Houston, TX, 77024-4733, US

Ascension on the Bayou

Description de l'actif

Jones Lang LaSalle (“”JLL””) is pleased to present Ascension on the Bayou (“the Property” or “the Asset”), a 280-unit podium-style apartment community located in Houston’s exclusive West Memorial neighborhood. This 2017 completed Class A asset is a benefactor of Houston’s continual westward migration and is well-positioned proximate to some of Houston’s top business and retail destinations including the Energy Corridor, CityCentre, Memorial City and Westchase. Adjacent to Beltway 8, the Property is highly accessible to some of Houston’s most travelled thoroughfares including Interstate 10 and Memorial Drive. Ascension on the Bayou offers luxurious floorplans with best-in-class amenities and Buffalo Bayou Park right outside tenant’s back door. This Property offers a prime opportunity for new ownership to acquire a timeless, institutionally-maintained community with strong activity in a prime multifamily submarket at a discount to replacement cost.

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Attributs

Nombre d'unités
280
Occupation
94 %
Année de construction
2017
Superficie du bâtiment nette
24 805 mètres carrés
Superficie du terrain nette
1,71 ha

Média

Points forts de l'investissement

SOPHISTICATED ADDRESS PROMOTES STRONG SURROUNDING DEMOGRAPHICS (1-MILE)

⊲ $166,542 Average Household Income

⊲ $786,921 Average Home Values

⊲ 75.5% with Bachelor or Graduate Degrees

⊲ 53% Renter-Occupied Housing Units


PROXIMATE TO HOUSTON’S MAJOR EMPLOYERS AND HIGH TRAFFIC RETAIL DESTINATIONS

⊲ Employment: BP | Memorial Hermann Memorial City | Phillips 66 | Shell | Texas Children’s Hospital

⊲ Retail: CityCentre | Memorial City Mall | Memorial Villages | Town & Country Villages


STRONG SUBMARKET FUNDAMENTALS

⊲ 2.8% T3 Rent Growth

⊲ 93.9% Class A Submarket Occupancy


OPPORTUNITY TO ACQUIRE THE BEST-OF-THE-BEST, LEED SILVER CLASS “A” BOUTIQUE PODIUMSTYLE COMMUNITY


INSTITUTIONALLY MAINTAINED ASSET BELOW REPLACEMENT COST


ADJACENT TO SAM HOUSTON TOLLWAY AND LESS THAN ONE MILE FROM INTERSTATE 10


EXCEPTIONAL BUFFALO BAYOU SETTING WITH BACK DOOR ACCESS TO TERRY HERSHEY PARK

Ascension on the Bayou  4_Propriété à vendre
Ascension on the Bayou  4_Propriété à vendre

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Dernière mise à jour
18 nov. 2024