Seasons at Plainfield_Property for Sale
Seasons at Plainfield_Property for Sale
13915 South Autumn Way, Plainfield, IL, 60544, US

Seasons at Plainfield

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, is pleased to present Seasons at Plainfield (“Seasons”, or the “Property”), a brand new 320-home luxury apartment community located in booming Plainfield, IL of Will County. The Property is a Class A suburban community that is well-connected to major highways, providing easy access to surrounding areas, local employers, and downtown Chicago. Seasons offers a variety of in-demand stacked flat layouts (1,060 avg sf) from spacious studios to three-bedroom homes with private entries and dedicated garages. The now 95% occupied community offers above-and-beyond single family living including flawless finishes, spacious floor plans with ample storage, and a luxurious collection of amenities.


Seasons’ location just off of I-55 along N Division St is prime for nearby retail, top Will County employers, and stellar public schools (Plainfield Dist. #202). Plainfield draws many professionals from both downtown Chicago and neighboring suburbs along the I-55 employment corridor, which is home to many national corporations, such as Walmart, WeatherTech, and Ulta Beauty. Residents can access these employers within 15 minutes.


Plainfield’s exceptional quality of living and affordability have led to a 15% increase in population since 2019. With the property leasing up ahead of schedule and boasting explosive rent growth, the demand for a high-caliber asset like Seasons is unrivaled with no nearby supply forecasted.


This fantastic opportunity is available free and clear of existing debt.

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Attributes

Year built
2023
Number of units
320
Building area net
339,312 sf
Occupancy
95%

Media

Investment Highlights

Condo Quality Living

• Stacked flat community with large (1,060 avg. SF) floor plans

• Diverse unit mix from spacious studios to 3-bedroom units

• Private entries with direct access garages, as well as detached garages available.

• Class A amenity package with fully equipped fitness center, resort style pool & sundeck, and modern clubroom


Path-of- Growth Suburb

• Plainfield’s optimal location off I-55 and along N Division St retail (Meijer, ALDI, Jewel-Osco)

• 43% Plainfield home value growth in the last 5 years

• 15% population growth in the last 5 years

• Situated in I-55 industrial corridor (second largest in IL) - 103M+ Industrial SF


Strong Property Performance

• Property leased up ahead of schedule with 66% retention in first turns

• 95% Occupancy

• 9% trade outs on new leases and 10% growth on renewals

• Fantastic resident demographics with $100,000+ average household income


Thriving Luxury Apartment Market

• Limited supply pipeline - NO properties under construction within 5 miles

• 95% 5-yr projected avg. occupancy

• 5% 5-yr projected annual rent growth

• New deliveries average 95% occupancy

Seasons at Plainfield 4_Property for Sale
Seasons at Plainfield 4_Property for Sale

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Seasons at Plainfield (0 Properties)

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Last updated
18 Jul 2024