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

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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 1960
Building Area
Number of units 140

Property Description

140-unit value add asset located in Wheaton’s rapidly growing submarket. The Property was built in 1960 and allows for a tremendous value add opportunity to push rents. Situated on Georgia Avenue and only 0.4 miles to the Wheaton Metro Station, the Property offers residents a variety of transit options in and around the DC/Maryland region via both public transportation and vehicular access. Earle Manor is situated near some of the largest Federal employers in the area, only a 14-minute drive to Walter Reed and NIH and an 11-minute drive to the FDA. The Property will benefit from the completion of the new Metro Purple Line (est. 2022) which will connect the two branches of the red line through Silver Spring and Bethesda. This will allow residents quick, easy access by both car and Metro to Bethesda, NIH and Walter Reed to the west and the FDA, University of MD, College Park to the east.

Investment Highlights

  • Transit Oriented Asset - the Property fronts the highly trafficked Georgia Ave. and is a short 0.4 mile walk to the Wheaton Metro Station
  • Below Replacement Costs - the opportunity to participate in the post COVID recovery with an  attractive value add play
  • Very Limited Future Supply - only 1 long term planned project in Wheaton
  • Close Proximity to Major Federal Employers
  • Proximity to Dynamic Growing I-270 Biotechnology Corridor
Last Updated Date: 17 May 2021
Brian Crivella
Brian Crivella
Senior Managing Director, Capital Markets
Broker Licenses
DC-SP98368957 MD-634831 VA-0225188521
Walter Coker
Walter Coker
Senior Managing Director, Capital Markets
Broker Licenses
DC-SP98361589 MD-524884 VA-0225092459

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+63282312281
Last Updated Date: 17 May 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.