Deal Highlights
• Rare Opportunity To Acquire a Near-Stabilized Asset in a Severely Undersupplied Market, With Just 5.4 Square Feet Per Capita Within 3 Miles and 4.0 Square Feet Per Capita Within 5 Miles
• Positioned in a Highly Affluent Trade Area With 170,000+ Residents Within 3 Miles and Median Household Incomes Nearly Twice the U.S. Average, Supporting Long-Term Rental Rate Growth
• Value-Add Investment Opportunity To Modernize Access to Second-Floor Units With Elevator Lifts, Unlocking Premium Rental Rates and Potentially Increasing GPR by 15% Over Current Stabilized Projections
• The facility is currently 85% physically occupied with economic occupancy at 77%, indicating embedded lease-up and pricing upside. With current average rents at $1.66 PSF versus stabilized levels at $1.99, there is approximately 20%+ embedded rental rate growth potential
*Lead broker information is located within the offering memorandum.
Listed By: SkyView Advisors, LLC. MD RE Lic # 6765
