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 Residences at Gramercy (“the Property” or “the Asset”), a 224-unit, 5-story apartment community with structured parking located in Houston’s Medical Center neighborhood.
Residences at Gramercy offers a differentiated living experience, with spacious floorplans and thoughtful finishes that foster a true sense of community. Strategically located near the Texas Medical Center, the largest of its kind in the United States, the property enjoys a steady influx of residents drawn by proximity to this key employment hub. Originally constructed in 2006, Residences at Gramercy offers a prime opportunity for further enhancements and value-add improvements to drive income increases.
With an attractive assumable loan at a 2.84% interest rate, investors are presented with a distinct chance to optimize cash flow at this exceptional property in a coveted location.
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Attributs
Nombre d'unités
224
Occupation
93,8 %
Année de construction
2006
Superficie du bâtiment nette
23 448 mètres carrés
Superficie du terrain nette
1,17 ha
Média
Points forts de l'investissement
- Accretive Loan Assumption
- 2.84% Interest Rate
- Over 6 Years of Term Remaining
- Above Market Loan-to-Value
- Value-Add Potential
- Potential for Unit Upgrades and Rent Increases
- Prime Medical Center Location
- Proximate to Major Healthcare Employers
- Strong Rental Demand from Medical Professionals
- Differentiated Product
- Large Unit Sizes and Thoughtful Finishes
- Strong In-Place Cash Flow and Property Performance
- 97% Occupied Over the Last Year
- Steady In-Place Rental Income and Occupancy with Room to Push Rent and Other Income
- Highly Insulated Competing Supply Market
- Zero Comparable Properties Currently Under Construction or Opened within the Last Year in the Medical Center/Braes Bayou Submarket
- Affluent and Highly Educated Surrounding Demographics
- (1-Mile Radius)
- $170,180 Average Household Income
- $915,261 Average Home Value
- 90% College Educated or Further
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Residences at Gramercy (0 Propriétés)
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Dernière mise à jour
7 oct. 2024
