Oxbow 49
4949 SW Landing Dr, Portland, OR, 97239-5911, US
166 units
JLL Capital Markets is pleased to present Autumn Park (the “Property” or “Community”), a 29-unit, blank-slate value-add community located in Beaverton, Oregon, one of the region’s most sought-after suburban submarkets due to its proximity to the Portland MSA’s premier employers.
Autumn Park is a 1967 and 1969 vintage, garden style asset comprised of 28 two bedrooms and 1 one bedroom, positioned in the Vose neighborhood, residents are just minutes from some of the region’s best retail hubs like Cedar Hills Crossing and Washington Square. The Property benefits from the area’s best-in-class schools, as the Beaverton School District ranks 5th out of 145 in the State of Oregon. Exceptional rental housing demand fundamentals are supported by proximity to the region’s largest employers, including the nearby Nike World HQ, Intel, and the Silicon Forest, a dense concentration of premier technology companies employing over 30,000 individuals in the region.
Autumn Park presents a compelling blank-slate, value-add opportunity in the highly sought-after submarket of Beaverton, with the ability to reposition the Property through community amenity upgrades and luxury unit renovations, capturing the strong demand for modern housing fueled by the prime suburban location. Additionally, the Property is poised to benefit from the Allen Boulevard District Plan that was adopted by City Council with the goal of supporting multicultural business, enhancing park access, improving transportation safety, and promoting health and connecting people.