The Oaks at Grand West
10415 Lancaster Frst Ln, Houston, TX, 77051, US
147 Unités de mesure
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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Caractéristiques de l'actif
Occupation
98,9 %
Année de construction
2017
Surface de l'actif Net
21 854 m²
Taille du terrain Brut
5,14 hectare
Média
Points clés d'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
Contacter l'équipe
Urban Crest (0 actifs)
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
21 mars 2025
