HarborChase of Wilmington_Property for Sale
HarborChase of Wilmington_Property for Sale
2004 Shipley Rd, Wilmington, DE, 19803, US

HarborChase of Wilmington

Asset description

EXECUTIVE SUMMARY

 

JLL Senior Housing Capital Markets (JLL) is pleased to exclusively offer HarborChase of Wilmington for sale (“Property,” “Community,” “Asset”), a 96-unit Class A assisted living and memory care community originally constructed in 2018. HarborChase of Wilmington is the most upscale assisted living and memory care community in Delaware and the third youngest senior housing community in the entire state. The Property is the newest community in its primary market by a substantial margin and offers some of the largest units in the market with luxurious finishes through an abundance of one and two-bedroom floorplans in assisted living and studios in memory care.

 

HarborChase of Wilmington achieves market-leading rents and occupancy with an average of $7,845 monthly rent before care and an occupancy of 96% as of April 30, 2024. The NOI exceeded $338,000 for the month of April yielding an annual NOI run rate of over $4.0 million. Over the last 12, 6, and 3 month periods the Community has averaged 92.5%, 95.2%, and 95.3% occupancy respectively. 


Process

HarborChase of Wilmington is being offered without a formal asking price and free and clear of indebtedness and management. The sale is highly confidential and all communication regarding this opportunity should be directed to the JLL Senior Housing contacts listed in this offering memorandum. No unauthorized attempts should be made to tour the property or contact a member of ownership or management.


Delaware License: Blaise Fletcher, Managing Director - blaise.fletcher@jll.com +1 (302) 356 2861

...

Attributes

Units
96 units
Building area gross
8,398 sm
Occupancy
96%
Year built
2018
Land area gross
3.41 ha

Media

Investment highlights

HarborChase of Wilmington is a stellar performer with consistently robust occupancy and strengthening NOI.




HarborChase of Wilmington 4_Property for Sale
HarborChase of Wilmington 4_Property for Sale

Contact brokers

HarborChase of Wilmington (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
May 21, 2024