The Oaks at Grand West
10415 Lancaster Frst Ln, Houston, TX, 77051, US
147 unités
Description de l'actif
JONES LANG LASALLE (“JLL”) IS PLEASED TO PRESENT PEARL MIDTOWN (“THE PROPERTY” OR “THE ASSET”), A 154-UNIT, 5-STORY PODIUM-STYLE PROPERTY IN HOUSTON’S MIDTOWN NEIGHBORHOOD.
Completed in 2014, Pearl Midtown stands prominently in Houston’s sought-after Midtown submarket, known for its high concentration of renters. This property occupies a prime location at the nexus of Houston’s most dynamic neighborhoods and major employment centers, offering residents unparalleled walkability. Strategically positioned near Montrose, Downtown, and the Texas Medical Center, Pearl Midtown provides an ideal home base for a diverse array of Houston professionals. The surrounding area boasts a rich array of bars and restaurants, embodying the essence of a true live-work-play environment. Pearl Midtown represents a rare investment opportunity, combining a top-tier location with attractive pricing well below replacement cost. This exceptional asset offers investors the chance to own a piece of one of Houston’s most desirable residential communities.
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Attributs
Nombre d'unités
154
Occupation
94,8 %
Année de construction
2014
Superficie locative
12 044 mètres carrés
Superficie du terrain nette
0,47 ha
Média
Points forts de l'investissement
- SIGNIFICANT DISCOUNT TO REPLACEMENT COST
- Potential for a buyer to acquire a stabilized property well below replacement cost
- LIMITED COMPETING SUPPLY
- Zero comparable properties currently under construction or opened within the last year within a one-mile radius of the Property
- HIGHLY SOUGHT-AFTER WALKABILITY IN URBAN HOUSTON
- Positioned to benefit from the ability to walk to nearby restaurants and bars within Midtown, Montrose and Downtown
- PRIME LOCATION TO HOUSTON’S MAJOR EMPLOYMENT CENTERS
- Proximate to Downtown, The Medical Center and Montrose
- Strong rental demand from medical professionals
- STRONG IN-PLACE CASH FLOW AND PROPERTY PERFORMANCE
- High occupancy over the last year
- Steady in-place rental income and occupancy with room to push rent
- VALUE-ADD POTENTIAL FOR BUYER
- Potential for common area refresh and units upgrades
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Pearl Midtown (0 Propriétés)
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Dernière mise à jour
13 janv. 2025
