investment highlights
- PREMIUM BUILD // Fully climate controlled multi-story Class “A” construction offering best in class amenities and features.
- FAVORABLE SUPPLY DEMAND DYNAMIC // Total of 6.14 square foot per capita in the three-mile trade area with an average age of construction of 1988 across the comp set.
- UPSIDE POTENTIAL // Substantial opportunity to raise rents back to market now that physical occupancy has reached stabilization since opening in 2020. The subject property should outpace the competition in rental rates due to superior build quality and location.
- PRIME LOCATION // Located in a major commuter/retail corridor directly on Pacific Highway S with excellent visibility to over 29K vehicles per day. Less than one mile from major retail brands such as Trader Joes, Target and Walmart to name a few.
- EXCELLENT DEMOS // Over 100K people and 40K households within a three-mile radius with average household incomes of $100,232.
