Map pinPhiladelphia, PA, US, Americas

Sanctuary Lofts and The Rectory

Sanctuary Lofts and The Rectory_販売物件

特性

ユニット数
38 単位
建物の数
2
竣工年
1889
改装年度
2015

ポートフォリオ概要

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Sanctuary Lofts & The Rectory (the “Property" or "Properties”), a 38-unit, value-add apartment opportunity situated on the corner of Fitzwater Street and Grays Ferry Avenue in the highly sought after Graduate Hospital neighborhood of Philadelphia.

 

The offering consists of two adjacent buildings – (i) Sanctuary Lofts: a unique 30-unit building that was converted from a church in 2014; and (ii) The Rectory: an 8-unit building directly adjacent to Sanctuary Lofts. Floor plans at the Properties range from studio-three bedroom units with open layouts, providing an investor the opportunity to focus on light value-add cosmetic enhancements and management efficiencies to maximize rents across the asset. 

...

投資のハイライト

Proven Rental Upside

  • Current in-place rents at the Properties trail the surrounding market comp set by upwards of 30%.

 

Compelling Market Fundamentals

  • Per CoStar, year-over-year rent growth in Graduate Hospital is forecasted to reach 11% by Q3 2024.

 

Irreplaceable Graduate Hospital Location

  • The Properties are located within walking distance to several large employers including Children’s Hospital of Philadelphia, Penn Medicine, Drexel University, and more.
  • SEPTA’s Penn Medicine Station and I-76 are minutes away, providing convenient access to University City and surrounding urban and suburban employment destinations.
Sanctuary Lofts and The Rectory 4_販売物件
Sanctuary Lofts and The Rectory (2 物件)
Sanctuary Lofts and The Rectory (2 物件)

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最終更新
2024年4月8日