The Oaks at Grand West
10415 Lancaster Frst Ln, Houston, TX, 77051, US
147 unités
Descriptif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Elme Watkins Mill (“the Property”), a 1975 vintage, 210-unit property located in Gaithersburg, Maryland. Elme Watkins Mill presents the opportunity to capitalize on compelling in-place yield with 99.5% mission-driven rents and offers the ability to renovate 97% of the unit mix with no rent control restrictions in the City of Gaithersburg. The investment opportunity features 54% large two-bedroom units ideal for family renters, and continued strong property performance with 95% occupancy and minimal concessions.
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Attributs
Année de construction
1975
Nombre d'unités
210
Occupation
95 %
Média
Points forts de l'investissement
PREMIER GAITHERSBURG VALUE-ADD OPPORTUNITY
Ability to Renovate 97% of the Unit Mix with No Rent Control Restrictions in the City of Gaithersburg
COMPELLING IN-PLACE CASH FLOW AND STRONG PROPERTY-LEVEL PERFORMANCE
95% Occupancy, 99.5% Mission-Driven Rents, and Minimal Concessions Provide Rent Growth Potential
STRONG EMPLOYMENT AND RETAIL CENTRIC LOCATION
6.6MM SF of Office and 6.3MM SF of Retail in the Submarket
UNMATCHED ACCESSIBILITY THROUGH THE DC METRO REGION
Conveniently Adjacent to I-270 and Watkins Mill Rd with Direct Access to the I-270 Biotech Corridor and Bethesda
EXCEPTIONAL RENTER DEMOGRAPHICS
$155K Average Household Income, $635K Average Home Value, 2.9% Unemployment Rate
Contactez les courtiers
Elme Watkins Mill (0 Propriétés)
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Dernière mise à jour
15 sept. 2025
