Sonder Fields_Property for Sale
Sonder Fields_Property for Sale
14798 SE Parklane Dr, Happy Valley, OR, 97015, US

Sonder Fields

Asset description

JLL Capital Markets is pleased to present Sonder Fields (the “Property” or “Community”), a 180-unit newly constructed garden-style community situated among one of Portland’s most affluent and in-demand submarkets, Happy Valley. Located nine miles southeast of Portland, residents of Happy Valley benefit from nearby coveted retail destinations, proximity to major transportation routes, and access to popular recreational activities. Additionally, Happy Valley is positioned to benefit from favorable rent growth occupancy trends due to a continued in-migration and limited multifamily development pipeline. The Community demonstrated impressive property performance, stabilizing with no concessions offered during lease-up.

 

The recently completed Community features an array of floorplans that cater to all residents, ranging from one to three bedrooms. The Property showcases a comprehensive range of amenities, enhancing the live-work-play experience, offering a 24-hour fitness center, dog park, clubhouse lounge, pool & hot tub, barbeques with picnic areas, and co-working spaces. The Property is further distinguished with large floorplans and quality interior finishes with stainless steel appliances, quartz countertops, deep basin kitchen sinks, air conditioning, and keyless unit entry.

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Attributes

Units
180 units
Year built
2023
Building area net
16,247 sm
Land area net
4.03 ha
Parking spaces
291
Occupancy
93%

Media

Investment highlights

  • Thoughtfully designed for residents who appreciate the details
  • Expansive amenity package elevating the live-work experience 
  • Enticing discount to homeownership magnified by elevated interest rates
  • Prominent suburban submarket with significant supply constraints
  • Offers residents connectivity through proximity to major transportation routes
  • Dynamic lease-up and property performance
Sonder Fields 4_Property for Sale
Sonder Fields 4_Property for Sale

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Last updated
May 22, 2024