Living / Multi-housing

Urban Crest

221 TX-332 Lake Jackson, Texas United States 77566
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2016
Building Area Net
Land Area Net ()
Occupancy 95.0 %

Asset Description

Property Type: Wrap

Year Built: 2016

Units: 285

Average Unit Size: 825 SF

Rentable Square Feet: 235,234 SF

Site Size: 12.72 Acres

Investment Highlights

Rents Materially Below Market Comparables

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Significant Discount to Replacement Cost

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Highly Amenitized Common Areas


36% Population Growth in 1-Mile Radius


Major Employment

Dow Chemical | CHI St. Luke’s Health | Schlumberger | BASF Corporation

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Affluent Surrounding Demographics (1-Mile)

$115,000+ Average Household Income

$262,000+ Average Home Values

38% Renter-Occupied Housing Units

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Strong Submarket Fundamentals

8.7% T6 | 13.5% T12 Rent Growth

728 Units Absorbed in Trailing 12 Months

8.0% Axio Projected Rent Growth Through 2023

Last Updated Date: 17 May 2022

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Last Updated Date: 17 May 2022

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