The Lakes

A 144-Unit Apartment Community

Great East-Central Employment Location

OFFER DEADLINE: MARCH 21, 2019

reasons to purchase

Major Medical Nearby

The Lakes is in an ideal location close to major medical, less than one-half mile from Tucson’s largest hospital, Tucson Medical Center. Additionally, there are multiple medical offices and surgery centers nearby.

Reasons to Purchase

Senior Community

The Lakes is an age-restricted, 55+ community, although the property is not deed restricted for this age group. A buyer may want to consider the pros and cons of leasing to all age groups. This strategy may increase income.

Lack of New Multifamily Construction

There are no current or planned multifamily construction in The Lakes submarket. Tucson ranks as one of the lowest markets in new construction as a percentage of existing inventory for Market Rate properties.

Investment Highlights

 

  • Desirable east-central location
  • Close to two major hospitals and surrounding medical offices
  • Excellent historic occupancy
  • 55+ community
  • Gated community
  • Pitched roofs

Investment Advisors & mortgage advisor

Art Wadlund

Senior Managing Director

520.299.7200

Art.Wadlund@berkadia.com

Clint Wadlund

Director

520.615.1100

Clint.Wadlund@berkadia.com

 

Edward Kim

Managing Director

949.622.9252

Edward.Kim@berkadia.com

 

TUCSON OFFICE

2 East Congress Street, Suite 1050

Tucson, AZ 85701

Phone: 520.299.7200

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
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