Living / Multi-housing

Synergy at the Mayfair Collection

11221 Synergy Dr Wauwatosa, WI United States 53222-1353
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Attributes

Year Built 2019
Building Area Net
Number of units 270
Occupancy 99.0 %

Asset Description

JLL is pleased to present Synergy at the Mayfair Collection, a 2019 built 270-unit luxury apartment community in Wauwatosa just 15 minutes from downtown Milwaukee. Synergy offers modern homes with high-end finishes, two outdoor amenity terraces, two indoor dog parks, and in-demand work-from-home and gathering spaces perfect for young professionals.


Located in the best retail district in the metro, Synergy is part of Mayfair Collection which features Whole Foods, Nordstrom Rack, Old Navy, and six restaurants on site, and is down the street from Mayfair Mall. Benefiting from immediate highway access, Synergy residents can quickly commute downtown and to major nearby employers at the Milwaukee Regional Medical Center, the Milwaukee County Research Park, Milwaukee Tool, and GE Healthcare.


Confirming top market demand for it’s urban-suburban synergy, the property is boasting 14% rent growth on new leases and 100% occupancy. This incredible opportunity is available all-cash and comes with a sizable $5M TIF reimbursement.

Investment Highlights

Urban-Suburban Synergy

  • Walkable to Whole Foods, Nordstrom Rack, 6 Restaurants On-site at Mayfair Collection & 3-Min Drive to #1 Mall in State
  • 5-min Drive to Mega Employers, Milwaukee Regional Medical Center (#2 Hospital) & Milwaukee County Research Park (#2 Largest Research Park in State)
  • 10-min to Vibrant Tosa Village
  • 15-min Drive to Downtown Milwaukee

Proof-Positive Performance

  • 100% Occupancy (97%+ for Last 15 Mos)
  • 14% Trade-Outs on New Leases
  • 10% Projected 2022 Submarket Rent Growth
  • 99% Avg. 3-Yr Projected Submarket Occupancy

Highly-Skilled

  • ~40% Work/Study in Healthcare
  • $119,000 Avg. Resident HHI
  • 17% Rent-to-Income Ratio

Phenomenal Investment

  • Exceptionally Designed & Constructed Property of Scale
  • Dense "Urban" Suburb Location
  • $5M Remaining TIF Reimbursement
  • Available Free & Clear
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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