資產詳情
Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker is pleased to present Hampton in Highland Apartment Homes, a 455-unit garden-style apartment community located in charming Highland, Indiana. Just 30 miles southeast of Chicago, Highland is a vibrant midwestern town known as a hub for retail trade harboring a large concentration of big-box retailers, healthcare providers, and manufacturing companies including Whirlpool, Dana Corporation, & ArvinMeritor. Originally constructed in 1975, the community offers desirable 1-2 bedroom floor plans & ample amenity space prime for a programmatic renovation plan to take this asset into its next chapter. The property features a robust amenities package including a fitness center, sauna, outdoor swimming pool, tennis courts, community lounge and game room. Hampton in Highland provides investors an opportunity to continue the verifiable value-add strategy through interior unit renovations. The community is conveniently located next to HW-41, providing easy access to top employers, local retail, dining, and entertainment venues. This rare investment opportunity is available all cash.
特性
媒體
投資亮點
Verifiable Value-Add Upside
- 73% Original Units with Full Renovation Potential
- $200+ Avg Premium on Renovated Units
- Significant Room to Push Rents - 14% Rent-to-Income Ratio
Ideal Investment Criteria
- Recent Leases achieving $1.50+ PSF rents
- Zero Concessions Offered
- Phenomenal construction quality and community amenity package
- Spacious Floor Plans - Average 920 SF
Exceptional NW Indiana Location
- Direct access to top employment corridors via US-41, I-80/94, & I-65
- A- Overall Niche Ranking
- 30 Minutes to Downtown Chicago
- Access to local shopping, entertainment & recreation options including Indiana Dunes State Park & Friendship Botanical Gardens
Stellar Submarket Performance
- ZERO Projects Under Construction within a 5-mile radius
- 5-Year Projected Average Occupancy of 95%
- 4% Projected Annual Rent Growth over the next 3 years
聯絡地產代理
