- Immediate Positive Leverage
- Well Maintained Asset
- No New Supply
- Proven Value-Add Strategy
- Multiple Avenues to Upside: RUBS, Additional Amenities, Bulk Internet
- Offered Free & Clear of Existing Debt
Immediate Positive Leverage
A new owner will achieve positive leverage on day one and inherit a very attractive tenant base that is employed by a diverse group of the area’s notable companies. The asset is located conveniently near several of the Quad Cities region’s major employers, including Deere & Company HQ, Genesis Medical Center, Quad Cities International Airport, and more. A diverse employment base reduces the risk associated with economic downturns that might affect a single industry, contributing to the attractiveness of the tenant base. This offers a reduced vacancy risk and steady rental income.
Well Maintained Asset
Old Orchard Estates is a very well-maintained asset in an ideal location with historically high levels of occupancy. Over the past three years, current ownership has replaced the roofs on all of the rental buildings.
No New Supply
With no new unit deliveries in the inventory pipeline, Old Orchard and comparable properties in the immediate area recognize an average occupancy above 97%. New ownership will benefit from very predictable operational metrics which allows for focus on continued value creation.
