Sanctuary Lofts and The Rectory_Actifs en vente

2319-27 Fitzwater Street, Philadelphia, PA, US

Sanctuary Lofts and The Rectory

Description du portfolio

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Sanctuary Lofts & The Rectory (the “Properties”), a 38-unit, value-add apartment opportunity situated on the corner of Fitzwater Street and Grays Ferry Avenue in the highly sought after Graduate Hospital neighborhood of Philadelphia.

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Caractéristiques de l'actif

Surface de l'actif brut

3 209 m²

Sanctuary Lofts and The Rectory (2 actifs)

Média

Points clés d'investissement

PROVEN RENTAL UPSIDE

Current in-place rents at the Properties trail the surrounding market comp set by more than 25%.
Since January 2023, ownership has successfully increased rents by approximately $80 or 5% on average, and has achieved premiums upwards of $200 or 10%.

COMPELLING MARKET FUNDAMENTALS

Per CoStar, year-over-year rent growth in Graduate Hospital is forecasted to reach 14% by Q2 2023.

IRREPLACEABLE GRADUATE HOSPITAL LOCATION

The Properties are located within walking distance to several large employers including Children’s Hospital of Philadelphia, Penn Medicine, Drexel University, and more.
SEPTA’s Penn Medicine Station and I-76 are minutes away, providing convenient access to University City and surrounding urban and suburban employment destinations.