The Oaks at Grand West
10415 Lancaster Frst Ln, Houston, TX, 77051, US
147 unités
Description de l'actif
Jones Lang LaSalle (“JLL”) proudly presents Urban Crest Apartments, a premier 285-unit community constructed in 2017 at a compelling discount to replacement cost. This exceptional asset is strategically situated in the heart of Lake Jackson, Texas, offering unparalleled proximity to major employers such as Dow Chemical, CHI St. Luke’s Health, and Schlumberger. Urban Crest Apartments has a robust occupancy rate of 98.9%. This investment opportunity allows new ownership to acquire a high-yielding asset significantly below replacement cost, while capitalizing on substantial upside potential through continued rent growth and operational optimizations.
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Attributs
Occupation
98,9 %
Année de construction
2017
Superficie du bâtiment nette
21 854 mètres carrés
Superficie du terrain brute
5,14 ha
Média
Points forts de l'investissement
- Accessibility
- Located 45 miles south of Houston
- Situated in the southwest corner of TX-332 and FM-2004 just 1 mile from Hwy 288
- Employment
- Lake Jackson is one of the most employment dense secondary markets in Texas
- Located 2 miles from St. Luke’s Health Brazosport Hospital
- Demos (1-Mile Radius)
- $378,839 Average Home Value
- $141,556 Average Household Income
- Limited New Supply
- Only one property under construction in the entire submarket
- Potential Rent Growth
- High occupancy over the last year
- Current market rents are 12% below market
- Other Income Opportunities
- Room to charge an amenity fee
- Opportunity to implement bulk internet package
- Significant Discount to Replacement Cost
Contactez les courtiers
Urban Crest (0 Propriétés)
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Dernière mise à jour
19 févr. 2025
