
Somerset Bay (Spring Hill, FL)
Bay Dr, Spring Hill, FL 34608, USA, Spring Hill, FL, 34608, US
144 단위
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale St. Cloud Village, a 208-unit LIHTC property delivering highly stable bond-like cashflow, supported by a spread of +$426 between in-place lease rents and market-rate rents, 100% 30+ day collections, and a 99% physical occupancy. 100% of leases since June have been signed at 2025 max rents. The asset benefits from strong area fundamentals, including an 8.4% 5-year max rent CAGR in the Orland MSA, 23% population growth since 2015, and +80% GDP growth in the Orlando MSA since 2015. Located in the premium Orlando metro, St. Cloud Village capitalizes on immense tourism projected to generate $94 billion in 2025 and is near major employers such as Walt Disney World, the largest single-site employer in the U.S.