物件概要
JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Homes on Martin (the “Property”), a 96-unit pre-TCO multi-housing development located in Lacey, WA. The Property sits on approximately 2.55 acres of land and is situated in the highly livable and desirable Lacey Urban Growth Area (UGA).
Upon completion, Homes on Martin will feature a best-in-class community with one- and two-bedroom units and 7,244 SF of ground floor retail. Future residents will benefit from amenities including a spacious common area, three ground floor retail suites, and ample parking. The Property’s convenient location alongside Interstate 5 will offer future residents accessibility to major employers in the Puget Sound region including the Washington State Capitol, Joint Base Lewis-McChord, and Saint Martin’s University. The Property is also within walking distance to retail and entertainment amenities such as the Hawks Prairie Village Mall featuring anchor tenants Costco, Walmart, and Safeway.
投資のハイライト
- $12.5M spent on development including horizontal site work, PT decks, and subterranean parking, allowing a new developer to complete construction and "right-size" cost basis
- In-migration and a strong demographic profile bolster submarket fundamentals
- Abundance of retail and recreational amenities
- Diverse and high-growth demand drivers from distribution, advanced manufacturing, and healthcare
- Outstanding access to greater Puget Sound region
特性
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