- Best-In-Class Asset Built-in 2016 with Spacious Floor Plans and Industrial Finishes
- Located in the Riverside Neighborhood Providing Immediate Access to Lifestyle and Entertainment Attractions in the Midst of a Recent and Ongoing Major Development
- Stabilized Asset with Rent and Additional Revenue Upside Through Low-Cost Cosmetic Improvements Attractive Going In Basis
- Offered Free and Clear Of Any Existing Debt
Best in Class Asset Built in 2016 with Spacious Floor Plans and Industrial Finishes
Pinnacle Lofts and Apartments was built in 2016 and offers tenants loft-style apartments, open floor plans with industrial finishes, and in-unit washers and dryers. Tenants enjoy access to off-street and covered parking in a secured parking lot, complimentary coffee bar, on-site dry-cleaning service, and a 24 Hour community clubhouse.
Located in the Riverside Neighborhood Providing Immediate Access to Lifestyle and Entertainment Attractions in the Midst of a Recent and On-going Major Development
Pinnacle Lofts and Apartments is strategically located in the Riverside neighborhood which provides highly desirable access to bike trails, city parks, food and dining, and major entertainment attractions – including a Triple-A Minor League baseball stadium. Riverfront Village, less than a mile from Pinnacle Lofts, consists of a $127M, Seven Acre Mixed-Use development bringing new restaurants, shopping, hotel, and office space.
Stabilized Asset with Rent and Additional Revenue Upside Through Low-Cost Cosmetic Improvements
The asset is stabilized with trending rent and RUBS growth in current condition. Broker recommends light updates to units to refresh interiors cosmetically and raise rents $75-$100 per unit while increasing RUBS by 40% and still drafting below the majority of the competitors in the surrounding area.
