312 Shipley Rd, Wilmington, DE, 19809-3630, US

Chateau Orleans Apartments

物件概要

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Chateau Orleans Apartments, a 168-unit, value-add multi-housing opportunity located in Wilmington, Delaware.

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特性

ユニット数

168 単位

入居状況

95.00%

竣工年

1965-66

建物面積グロス

17,738 平方メートル

土地面積グロス

2.86 ヘクタール (28,611 平方メートル)

メディア

投資のハイライト

Compelling Value-Add Opportunity

Ownership has upgraded 97 units (58% of the unit mix) and has commanded an average rental premium of $100 or 8.0% above classic units. The most recent leases are achieving premiums of nearly $200, supporting the ability to increase rents upon renovation and renewal.

Strong Submarket Fundamentals

According to AxioMetrics, the Outer Wilmington submarket is expected to achieve 11.0% rent growth as of 2023 Q1 and remain above 7.0% on average for the year. The submarket’s supportive fundamentals paired with the opportunity to implement a streamlined unit renovation program will allow new ownership to further capitalize on significant rental premiums.

Dynamic Wilmington Location

Chateau Orleans is strategically situated between I-95 and I-495, and is proximate to major employers including AstraZeneca’s U.S. headquarters, Nemours Children’s Hospital, JP Morgan Chase, DuPont, Barclays, and Bank of America, among others.