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|Année de construction||2007|
|Taille du terrain||
|Number of units||318|
Description de la propriété
A very well-positioned Class A asset with a value-add opportunity located in Baton Rouge, Louisiana. The 318-unit community enjoys an outstanding location in Baton Rouge nearby Ochsner Medical Center and Interstate-12 allowing residents to quickly move about the city and ease access to other economic drivers such as Louisiana State University, the headquarters of Turner Industries with 11,000 Baton Rouge employees, as well as other medical centers such as Lady of the Lake Medical Center and Woman’s Hospital.
The Property was built by the current owner and is exceptionally well-maintained having received all new roofs and paint within the last few years. Completed in 2007, Bayou Reserve is a strong value-add opportunity through implementing interior improvements.
Informations clés concernant l'investissement
The Property is located on Millerville Road with frontage along Interstate-12. This ideal location affords excellent visibility as over 115,000 cars pass daily and provides residents convenient access to virtually every significant employment area and amenity base in the Baton Rouge MSA including:
• Louisiana State University – One of the largest economic drivers
in the region with an enrollment of approximately 25,900 undergraduate students, generating a $5.1 billion annual economic impact for the State and directly responsible for over 41,000 jobs
• Turner Industries – One of the largest private industrial
construction, maintenance, and management services companies in the US employing more than 23,000 nationwide and 11,000 in Baton Rouge
• Premier Entertainment Areas – The Regent is about 6 miles from
the City’s premier entertainment such as Perkins Row, Mall of Louisiana, and Juban Crossing