Living / Multi-housing

Prose Champions

6701 FM 1960 West Houston, Texas United States 77069
Asking Price Contact for pricing
Area Size N/A
NOI Net Operating Income N/A
NIY 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.

Attributes

Asset Description

  • Property Type: Garden
  • Year Built: 2022
  • Units: 360
  • Average Unit Size: 935 sf
  • Rentable Square Feet: 336,624
  • Site Size: 24.08 acres


Investment Highlights

  • Zoned to Cypress-Fairbanks ISD, the #2 school district in Harris County 
  • Newest construction deal with no impending supply in the submarket
  • Averaging 33 leases / month since December 2021
  • Increased rents $140 since January 2022
  • 12% T12 rent growth with cumulative absorption outpacing deliveries over the last 10 years
  • At the intersection of Northwest Hosuton’s most favored neighborhoods- Willowbrook, Vintage Park & Champions
  • Prolific industrial submarket due to accessibility and continual job and population growth 
  • Affluent surrounding demographics - $95k average HHI & $350k average home values in a one-mile radius
  • Renter-dominated submarket - 50.5% of units are renter-occupied as of 2021


Last Updated Date: 13 Apr 2022

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Last Updated Date: 13 Apr 2022

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