US - Jacksonville, FL
Jones Lang LaSalle (”JLL”) is pleased to present Costa Mesa, a 152-unit garden-style apartment community located in the Inwood/Hwy 249 Submarket. The Property is located on Tomball Parkway just south of the highly traveled Sam Houston Tollway. Proximate to many employment centers, there are over 157k employees within a 5-mile radius of Costa Mesa. Costa Mesa provides investors a chance to acquire an asset that has significant value-add potential through renovations and rent growth on 151 units to achieve the highest premium. Nearby competing properties are achieving an average of 11% higher rents allowing for notable rent growth. Additionally, The Property is family friendly with 57% of the units having 2 beds, a fenced in swimming pool and a playground. Costa Mesa is also adjacent to the local Pre-K and Elementary schools, making it convenient for young families.