描述

Jones Lang LaSalle, Inc., ("JLL") is pleased to present the opportunity to acquire ORA Apartments, a 74-unit luxury apartment building adjacent to Lake Merritt, one of Oakland's most desirable neighborhoods. Built in 2019, this 100% market rate asset offers investors immediate cash flow and operational flexibility without affordable housing restrictions, while capitalizing on the Lake Merritt district's strong rental fundamentals driven by its waterfront amenities, walkable urban lifestyle, and proximity to Downtown Oakland's employment centers and BART connectivity.

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属性

单位数量

建成年份

2019

Avg. Unit Size

787

媒体

投资亮点

WALKABLE TO TWO BART STATIONS WITH DIRECT ACCESS TO THE BAY AREA
OAKLAND’S SUPPLY OF UNITS IS NEARLY FULLY ABSORBED, WITH MINIMAL SUPPLY EXPECTED IN THE NEAR FUTURE
POISED TO BENEFIT FROM OAKLAND’S RECOVERY
SIGNIFICANT DISCOUNT TO REPLACEMENT COST
PREMIER 100% MARKET RATE ASSET