Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate 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.

Key facts

Year Built 1993
Building Area
Land Area ()
Number of units 340

Property description

JLL is pleased to present River’s Edge, a 340-home apartment community located in bustling downtown Waukesha, WI, just 20 minutes west of downtown Milwaukee. Residents love Waukesha for its Midwestern hometown vibe, picturesque Riverwalk, and proximity to top employers like GE Healthcare, Quad Graphics, Generac Power Systems, and Kohls. Nestled on the banks of the Fox River, River’s Edge features direct access to the Riverwalk and Fox River Trails. Built in three phases between 1993 and 2007, the community is prime for a programmatic renovation for interiors and amenities. This rare investment opportunity is available all cash.

Investment highlights

  • Value-Add Blank Canvas
    • Major interior & amenity renovation potential
  • Stellar Property Performance
    • 96% occupancy since 2019
    • 6.5% Recent Lease-Trade Outs in 2021
  • Untapped Upside
    • Low 20% RTI ratio
    • 3.4% annual rent growth 1Q23-1Q26
  • No Apartment Projects Currently Under Construction within a 3-mile radius
  • Outstanding Suburban Location
    • 87 Walk Score - Very Walkable
    • Steps to Riverwalk, parks, trails, biking, and the best of downtown Waukesha
  • Available All-Cash
Last Updated Date: 22 Jun 2021
Wick Kirby
Wick Kirby
Senior Director, Capital Markets
Broker Licenses
IL-475.117916
Amanda Friant
Amanda Friant
Director, Capital Markets
Broker Licenses
IL-475.174781

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Last Updated Date: 22 Jun 2021

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