Living / Multi-housing

Grand Reserve - Naperville, IL

504 Chamberlain Ln Naperville, Illinois United States 60540-9206
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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.

Attributes

Year Built 1997
Building Area Net
Number of units 319
Occupancy 98.0 %

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present Grand Reserve Apartments, an award winning, luxurious 319-unit, garden-style apartment community located in the prestigious suburban Chicago neigh­borhood of Naperville. Grand Reserve offers a variety of spacious layouts ranging from 1-bedrooms to 2-story townhomes with direct access garages and private entrances. The property offers true luxury living with best-in-class amenities and magnificent interiors that residents are proud to call home. The property is perfectly located in Naperville, pro­viding residents’ access to top schools, downtown Naperville, local train stations, I-355 & I-88 and the east-west employment corridor. This rare opportunity is available on a free and clear basis.


Investment Highlights

Ideal Investment Criteria

  • Last 25 leases show a 19% Premium Over In-Place Lease Rents
  • 14% Trade-Outs on New Leases
  • Zero Concessions Offered
  • Real Estate Tax Clarity (Not Cook County)
  • 95%+ Occupancy

Irreplaceable Naperville Location

  • #1 City in America to Raise a Family
  • Easy Access to Local Expressways & Public Transit
  • Minutes to downtown Naperville and Fox Valley Mall
  • Close Proximity to Top Area Employers

Sought-After Building Features

  • Excellent floor plan optionality featuring, luxurious apartments & townhomes with private entries and garages
  • High-end apartment finishes with stainless steel appliances, granite countertops and spacious walk-in closets
  •  Large Average Unit Size: 1,024
  •  Resort-Style Community Amenities

 Fantastic Suburban Naperville Submarket

  •  95% Projected 5-Yr Avg Occupancy
  •  5.4%+ Projected 5-Yr Avg Annual Rent Growth
  • Only 1 Property Under Construction within a 3-Mile Radius
Last Updated Date: 25 Aug 2022

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Last Updated Date: 25 Aug 2022

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