Multi-housing / PRS

Three Thousand Sage

3000 Sage Rd Houston, Texas United States 77056-6317
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 2003
Building Area
Land Area ()
Number of units 324

Property description

Jones Lang LaSalle (“”JLL””) is pleased to present Three Thousand Sage, a 324-unit wrap-style apartment community located in Houston’s affluent Galleria submarket. The 2004 vintage class A asset has a walkable location within the popular updown submarket and near Houston's inner loop, creating nearly impossible to replicate density in today's market. With no recent deliveries or under construction units in the submarket, combined with exceptional quality, location, and amenitities, Three Thousand Sage provides investors the opportunity to acquire sought-after real estate permanency. 

Investment highlights

  • Institutionally Maintained 2004 Vintage Asset with Huge Value-Add Potential
  • Zero New Supply Driving Substantial Rent Growth Potential
  • Highly Accessible Location to Robust Employment Markets
  • Opportunity to Purchase Class A Product at a Discount to Replacement Cost
  • Ideally Located in Galleria Submarket, Known as the City’s Top Business and Retail Destination
  • Second Most Expensive Zip Code in Houston, With Median Home Values Over $1.3M
  • Affluent & Educated Demographics in 1-Mile Radius
    • 72% are College Graduates
    • $126,323 Average Household Income
    • Abundant Rental Demand with 69% of Households Renter Occupied
Last Updated Date: 03 Aug 2021
Dustin Selzer
Dustin Selzer
Senior Director, Capital Markets
Broker Licenses
TX-728983
Jett Lucia
Jett Lucia
Director, Capital Markets

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Last Updated Date: 03 Aug 2021

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