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|Année de construction||2022|
|Number of units||125|
Description de la propriété
JLL Capital Markets (JLL) is excited to present an exclusive residential re-development at the doorstep of California State University, Sacramento (Sac State).
Following approval of designs in 2018, the parcel has been approved for a 6-story, 125-unit residential development with ground-floor retail. A decade-long enrollment boom, bolstered by outsized Greater Sacramento population growth, has created an unmet demand for top-end residential product, as evidenced by market occupancy averaging 97% with nearly 8% average annual rent growth since 2014.
Informations clés concernant l'investissement
- Shovel-ready site with high-density proposal already approved
- Decade of performance underscores sac state supply & demand imbalance
- Becoming a traditional, 'live-at' university
- Expanding Sacramento multi-family market