The Oaks at Grand West
10415 Lancaster Frst Ln, Houston, TX, 77051, US
147 单元
描述
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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属性
建成年份
1975
单位数量
210
占用率
95%
媒体
投资亮点
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
联系经纪人
Elme Watkins Mill (0个物业)
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最后更新
2025年9月15日
