The Oaks at Grand West
10415 Lancaster Frst Ln, Houston, TX, 77051, US
147 eenheden
Objectomschrijving
Jones Lang LaSalle (“JLL”) proudly presents Urban Crest Apartments, a premier 285-unit community constructed in 2017 at a compelling discount to replacement cost. This exceptional asset is strategically situated in the heart of Lake Jackson, Texas, offering unparalleled proximity to major employers such as Dow Chemical, CHI St. Luke’s Health, and Schlumberger. Urban Crest Apartments has a robust occupancy rate of 98.9%. This investment opportunity allows new ownership to acquire a high-yielding asset significantly below replacement cost, while capitalizing on substantial upside potential through continued rent growth and operational optimizations.
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Kenmerken
Bezettingspercentage
98,9%
Bouwjaar
2017
Netto gebouwoppervlakte
21.854 vierkante meter
Bruto landoppervlakte
5,14 ha
Media
Investeringskenmerken
- Accessibility
- Located 45 miles south of Houston
- Situated in the southwest corner of TX-332 and FM-2004 just 1 mile from Hwy 288
- Employment
- Lake Jackson is one of the most employment dense secondary markets in Texas
- Located 2 miles from St. Luke’s Health Brazosport Hospital
- Demos (1-Mile Radius)
- $378,839 Average Home Value
- $141,556 Average Household Income
- Limited New Supply
- Only one property under construction in the entire submarket
- Potential Rent Growth
- High occupancy over the last year
- Current market rents are 12% below market
- Other Income Opportunities
- Room to charge an amenity fee
- Opportunity to implement bulk internet package
- Significant Discount to Replacement Cost
Contact adviseurs
Urban Crest (0 Eigendommen)
JLL kan u helpen bij de financiering en het beheer van uw portefeuille. E-mail ons vandaag nog om te zien hoe we u kunnen helpen uw ambities te realiseren.
Laatst bijgewerkt
19 feb 2025
