Multi-housing / PRS

Haven at West Melbourne

4550 Explorer Dr Melbourne, Florida United States 32904-6919
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
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 2010
Building Area Net
Number of units 336

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) as exclusive advisor, is pleased to present the opportunity to acquire The Haven at West Melbourne (the “Property”), a 336-unit, 3-story garden style community located in West Melbourne, Florida, a region experiencing rapid economic expansion and boasting robust multi-housing fundamentals. The Property, comprised of 13 buildings complete with garages and average unit sizes of 1,114 square feet, offers residents a spacious resort style feel, expansive amenity package and convenient access to the Space Coast’s top employers including Lockheed Martin, Northrop Grumman, Blue Origin and L3Harris Technologies.


Completed in 2010, the Property’s interior finishes have remained largely original, with the exception of moderate upgrades. The Haven presents a compelling opportunity for new ownership to further implement a renovation program and to apply rent premiums that are easily supported by the submarket’s strong performance in multi-housing fundamentals. Notable recent improvements to the exterior of the property include brand new roofs installed in 2017 as well as the entire property being painted in early 2021.

Investment highlights

  • Compelling Value-Add Opportunity
  • Outstanding Multi-Housing Market Fundamentals
  • Convenient Access to Top Employers and Demand Drivers
  • Healthy Resident Profile
  • Spacious Units Compared to Comps
  • Notable Recent Improvements to the Asset


Last Updated Date: 30 Sep 2021

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Last Updated Date: 30 Sep 2021

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