Map pin410 Pierce Street, Sioux City, IA, 51101, US

Martin Tower

Martin Tower_Property for Sale

Attributes

Number of units
86
Occupancy
99%
Year built
1912
Year renovated
2003

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Martin Tower, a 86-unit Senior HAP property in Sioux City, IL. The Offering is well-located in downtown Sioux City and offers a stable, bond-like cash flow due to strong economic occupancy of 99% as of the March rent roll. The Property presents investors with the opportunity to deploy capital into a well-performing senior asset with the ability to assume accretive existing debt with a principal balance of $5.35M at a 2.14% interest rate. 

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Investment Highlights

  • HAP Contract Provides Stable Operations
  • Attractive Senior Asset Garnering Strong Demand
  • Ideal Location in Downtown Sioux City
  • Highly Amenitized Community with a Prominent Commercial Ballroom
  • Accretive Existing Debt
Martin Tower 4_Property for Sale
Martin Tower 4_Property for Sale
Martin Tower (0 Properties)

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Last updated
30 Apr 2025