Sonder Fields
14798 SE Parklane Dr, Happy Valley, OR, 97015, US
180 units
Attributes
Units
90 units
Year built
1980
Year renovated
2009
Occupancy
98%
Asset description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Seville Apartments. This 98% occupied, 90-unit senior property is located in Beaumont, TX and benefits from a project-based Section 8 (HAP) contract on 100% of the units. The Offering presents Investors the opportunity to deploy capital into an inflation-protected, government backed asset with the potential to significantly increase revenue through a mark-up-to-market contract rent increase.
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Investment highlights
- HAP Contract Provides Stable Operations
- Significant Contract Rent Upside
- Proximity to Economic Drivers & Ease of Access
- Attractive Senior Asset Garnering Strong Demand
- Strong Beaumont Metro & Proximity to Houston MSA
- Accretive & Assumable Soft Debt
Media
Seville Apartments (0 Properties)
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Last updated
May 28, 2024