Sparrow House
6144 Germantown Ave, Philadelphia, PA, 19144, US
50 unités
Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire The Rally (the “Property), a newly constructed, 88-unit apartment community with 7,537 SF of ground floor commercial space located in the Fishtown neighborhood of Philadelphia. The Rally presents a unique opportunity to acquire a newly constructed,
high-profile asset in Philadelphia’s Fishtown neighborhood. This coveted offering allows an investor to take full advantage of a cash flowing asset with significant rental upside through loss-to-lease recapture on new leases and renewals. The Rally is being offered free & clear and as a loan assumption. The existing WSFS loan includes $25.46M amortizing at a 5.50% rate and maturing in 2030.
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Attributs
Nombre d'unités
88
Occupation
97 %
Année de construction
2023
Places de parking
32
Média
Points forts de l'investissement
Boutique Core Offering
The Rally features market-leading apartment finishes and a best-in-class amenity package complemented by resident-driven ground floor retail tenant, Rival Bros Coffee.
Impressive Leasing Performance
Currently 97% leased, The Rally has achieved 8% rent growth on the last 15 signed leases and 4.5% increases on the last 9 signed renewals.
Full 10-Year Tax Abatement
The Rally has qualified for the full 10-year tax abatement that commenced in 2021, offering an investor outsized cash flow during their hold.
Unmatched Fishtown Location
The asset is within a 10-minute walk to a variety of award-winning restaurants and vibrant nightlife options.
Contactez les courtiers
The Rally (0 Propriétés)
JLL peut vous aider à financer et à gérer votre portefeuille. Envoyez-nous un courriel aujourd'hui pour voir comment nous pouvons vous aider à réaliser vos ambitions.
Dernière mise à jour
3 avr. 2025
