Hub13_Property for Sale
Hub13_Property for Sale
1310 N Nicholas Dr, Oak Creek, WI, 53154, US

Hub13

Asset description

Jones Lang LaSalle Americas, L.P. (JLL), is pleased to present Hub13, a recently delivered luxury apartment community in Oak Creek—a fast-developing suburb just south of downtown Milwaukee, Wisconsin. Featuring 300 spacious homes, Hub13 offers both mid-rise apartments and stacked flat homes with private entries and select attached garages. This pristine community spans 34 scenic acres including wetlands and boasts the best amenities in the submarket.


Hub13 is strategically located along I-94, the main thoroughfare between Milwaukee and Chicago, and is 10 minutes from Milwaukee Mitchell International Airport, 15 minutes from downtown, and an hour from Chicago. Oak Creek is a suburb on the rise growing 20% in population since 2000 thanks to the booming I-94 Kenosha/Racine job corridor—featuring massive new developments for Uline, Amazon, and Haribo. Just five minutes from Hub13, award-winning Drexel Town Square features grocery, restaurants, a health center, office, and a Civic Center. Ranked a Top Ten Suburb to Raise a Family in Milwaukee County by Niche.com, Oak Creek features A-rated public schools, superb demographics, and an expanding job base projected to grow 4.5% over the next decade.


Now 94% leased, Hub13 is stabilizing and can expect considerable rent growth in this supply-constrained, Top 5 US Multifamily Market. This unbeatable opportunity is available on a free & clear basis.

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Attributes

Year built
2022
Units
300
Occupancy
95%

Media

Investment highlights

  • Luxury Apartment Community Coming into Stabilization (94% Leased) & Ready to Push Rents
  • Significant Upside for Stabilized Operations including other income rollout and expense trimming
  • Top 5 US Multifamily Market—3.3% YOY Rent Growth and 96% Occupancy (US Avg of 0.2% and 94.3% respectively)
  • Ideal Suburban Location—5 minutes to Drexel Town Square, A-Rated Public Schools, 15 minutes to downtown
  • Access to Thriving I-94 Job Corridor—Amazon, Uline, Haribo, new $3.3B Microsoft AI Datacenter
Hub13 4_Property for Sale
Hub13 4_Property for Sale

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Last updated
Nov 4, 2024