NeuroRestorative Houston
9951 Fannin Street, Houston, TX, 77045, US
€ 9.540.000 | 1.914 vierkante meter
Objectomschrijving
JLL Capital Markets (“JLL”) is pleased to exclusively offer for sale The Cottages at the Mansions at Gwinnett Park (“Cottages”) located on the campus of The Mansions at Gwinnett Park. The collection of 51 attached build-to-rent residences provides an active lifestyle for seniors.
The Cottages are located in an affluent and uniquely amenitized location in affluent Northeast Atlanta. The site is located in a submarket with the abundant age 75+ population and an enviable net worth of $1.26M (10 mile radius). Additionally, the Cottages are also located walkable to Coolray Field (home of the Atlanta Braves’ AAA affiliate) as well as a Publix Supermarket, and only a short drive from several shopping centers including The Mall of Georgia, the largest mall in Georgia.
The Cottages at the Mansions at Gwinnett Park offers two bedroom / two bathroom cottages of various sizes and configurations. Built in 2019, the large units all feature an attached garage as well as a spacious patio and screened-in porch. On the interior, there are open floor plans, granite countertops, kitchen islands, crown molding, fireplaces and in-unit washer & dryer. The Cottages provide exceptional quality for vibrant seniors looking to downsize but maintain an active lifestyle.
The Cottages at The Mansions at Gwinnett Park are offered free & clear of debt.
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Attributen
Aantal eenheden
51
Bezettingspercentage
90%
Bouwjaar
2019
Bruto landoppervlakte
4,18 ha
Media
Investeringskenmerken
Recently-Built Age-Restricted Two Bedroom Cottages
The Property provides Class-A Two Bedroom Cottages with large open floor plans and modern finishes to appeal to modern seniors.
Consistent Rent Growth & Robust Historical Occupancy
The Cottages have averaged an impressive 12% Rent Growth and 93% Average Occupancy Since Early 2021.
Strong Recent Leasing & Roll to Market Opportunity on Legacy Leases
The Cottages have an average of only 0.3% Loss-to-Lease for Leased Signed Since Jan 2023 with opportunity to push significantly on legacy leases and a discount to other comparable properties.
Affluent Market with a Large Senior Population
The site is located in an affluent submarket with the abundant age 75+ population (79,000) averaging a large net worth of $1.26M (10 mile radius) and nearby home values frequently in the $500k-$800k+ range.
More Favorable Operating Risk Profile Than Multifamily
With management provided by the current manager, the all operating expenses other than utilities, real estate taxes, insurance and management fee will be covered by a fixed monthly fee per occupied units.
Part of The Mansions at Gwinnett Park senior living campus
The Property benefits from substantial common area amenities as well as access to senior living when needed.
Contact adviseurs
The Cottages at The Mansions at Gwinnett Park (age-restricted) (0 Eigendommen)
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Laatst bijgewerkt
22 jul 2024
