20201 Lorain Road, Fairview Park, OH, 44126, US

200 West Apartments

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present 200 West Apartments (the “Property” or “200 West”), a 175-home high-rise community located in the sought-after western suburb Fairview Park in Cleveland, OH. This 95% occupied community offers a desirable mix of one and two bedroom units. The Property offers an investor the opportunity to modernize interiors via the continuation of a verifiable value-add renovation program.

Residents of 200 West enjoy the benefit of living in the quiet, lush suburb of Fairview Park while being in close proximity to Downtown Cleveland. Only 20-minutes away from Downtown, the Property boasts close access to prime job opportunities, excellent educational institutions, and incredible dining, shopping, and recreation. 200 West is adjacent to multiple forest reservations, golf courses, distinguished medical institutions, and the airport. This incredible investment opportunity is available free and clear.

Ohio Licensed Broker: Jon Vanderplough SAL.2005015674

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Attributes

Number of units

175

Occupancy

95%

Year built

1971

Building area net

14,240 m²

Media

Investment Highlights

95% Occupancy | No Concessions Offered
Verifiable Value-Add Upside in ~50% of Units
Renovated Units Have Achieved ~$430 Premium over Prior Rent in the Last Year
Located Nearby Countless Fortune 1000 Companies
Close Proximity to Multiple Well-Renowned Medical Centers and Prestigious Higher Education Institutions
Sought-After Amenities including Indoor Pool, State-of-the-Art Fitness Center, and Game Room
High End Renovations featuring Quartz Countertops, Wood-Style Flooring and Stainless Steel Appliances
No Properties Under Construction within 5-Mile Radius
Only 3 Properties > 100 Units Delivered in the Last 25 Years within a 5-Mile Radius