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The Estates at Arbor Oaks

1753 156th Ln NW Andover, Minnesota Etats-Unis 55304-2291
Prix attendu Prix : Nous contacter
Revenu net Revenu net N/A
Taux de capitalisation N/A
Prix attendu Prix : Nous contacter
Revenu net Revenu net N/A
Taux de capitalisation 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.

Caractéristiques

Taille de la propriété
Taille du terrain ()
Number of units 66

Description de la propriété

Jones Lang LaSalle (JLL) is pleased to present The Estates at Arbor Oaks, a 55+ independent living community located in Andover, Minnesota. Andover is a quaint, family-friendly, residential neighborhood located 30 minutes north of Downtown Minneapolis. Home to 32,500 residents, Andover has an average household income of $106,000, which is 31% more than Minneapolis and Saint Paul. The city is filled with parks, trails, and many other great outdoor entertainment options. When residents aren’t spending their time at any of the city’s 67 parks, they are often found at Majestics Oaks Golf Club, Bunker Hills Water Park, or shopping at Riverdale shopping centers. 


While Andover is a city filled with parks and trails, the one thing it doesn’t have is apartments. The Estates at Arbor Oaks is the only multifamily community located in the city of Andover, and it will likely be the only multifamily community for years to come. There are virtually no development sites available within a 3-mile radius of the Property, and the already strong barriers to entry continue to strengthen with each piece of land that is purchased. This is directly evidenced through the Property’s post-COVID performance. The Estates at Arbor Oaks currently sits at 96% occupancy and rents have increased $23 per unit on average in the past two and a half months.


The newly-constructed Estates at Arbor Oaks offers residents a best-in-class independent living experience. Instead of worrying about daily tasks, such as lawn care, residents enjoy their time at the on-site salon, pickleball court, or outdoor gardening area. The scenic views, community oriented activities, and high-end finishes make it a clear cut decision for anyone seeking an active lifestyle to call home. 


The offering provides investors a unique opportunity to purchase a high yield asset in an area that has some of the strongest barriers to entry in the state positioning the Property for low vacancy rates and strong rent growth for years to come. Not to mention, The Estates at Arbor Oaks is home to the nation’s fastest growing demographic, creating a very rare opportunity that should not be missed.

Informations clés concernant l'investissement

Excellent Area Demographics

The population within a one-mile radius has grown more than 14% over the last 10 years with a median household income of more than $115,000.


Strong Market Fundamentals

Andover exhibits stable market fundamentals with an average unemployment rate 2% lower than the second lowest market in the nation, which is Minneapolis and Saint Paul.


Accessible to Major Employers

The Twin Cities has the largest concentration of Fortune 1000 companies in the world. Located in the northwest submarket, some of the top employers nearby include Medtronic, Boston Scientific, Polaris, and Target.


Outstanding School District

Anoka-Hennepin in one of the largest school districts in Minnesota. Andover high school ranks in the top 5% of high schools in the State of Minnesota.

Last Updated Date: 11 Nov 2020
Dan Linnell
Dan Linnell
Senior Director, Capital Markets
Mox Gunderson
Mox Gunderson
Senior Director, Capital Markets

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DÉCLARATION DE CONFIDENTIALITÉ 

Jones Lang LaSalle (JLL), ainsi que ses différentes filiales et entités, est une société internationale leader du conseil en immobilier d'entreprise. Nous prenons la responsabilité de protéger avec la plus grande rigueur les informations personnelles qui nous sont confiées. 

En règle générale, les informations que nous recueillons sur vous nous permettent de traiter ou de répondre à votre demande. 

Nous nous engageons à conserver les informations personnelles qui nous sont confiées, avec le niveau de sécurité approprié, et aussi longtemps que nous le jugerons nécessaire pour toute raison professionnelle ou légale. Nous supprimerons ensuite vos données de manière sûre et sécurisée. À tout moment, vous avez la possibilité d’affiner vos préférences en termes de communication et de vous désabonner. 

Pour plus d'informations sur la manière dont JLL traite vos données personnelles, veuillez consulter notre déclaration de confidentialité.

Last Updated Date: 11 Nov 2020

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