The Falls at Arlington

2283 Graydon Boulevard, Columbus, OH, 43220, US

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present The Falls at Arlington (the “Property” or “The Falls”), a 133-home garden-style community located in northern Columbus. This 100% occupied community offers nearly all one-bedroom units on a quiet cul-de-sac street.

Located in the desirable Upper Arlington neighborhood of Columbus, The Falls at Arlington boasts close access to prime employers, distinguished educational institutions, and leading medical facilities. Residents of The Falls enjoy exceptional dining and retail options in close proximity, as well as an abundance of well-known golf courses, parks, and nature reserves in the surrounding area. This investment opportunity is available free & clear or with an accretive assumable loan (fixed at 2.91% with 70 months remaining on the term).

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Attributes

Year built

1986

Number of units

133

Occupancy

100%

Media

Investment Highlights

Ideal Asset Profile

Consistent 98%+ Occupancy over the Last Twelve Months
Limited Supply Creates Room to Push Rents
Low Rent-to-Income Ratio (8%) Drives Rent Increases
Accretive Assumable Debt with 2.91% Fixed Rate
78% Renewal Rate in 2024

In-Demand Location

Adjacent to the renowned Ohio State University
Located near 16 Fortune 1000 headquarters
Minutes from Multiple Well- Known Attractions Including the Columbus Zoo, Muirfield Village Golf Club and Scioto Country Club
Easy Access to John Glenn International Airport

Favorable Columbus Market Forecast