Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement

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

Building Area
Number of units 76

Property Description

Jones Lang LaSalle (JLL) is pleased to present Powers Ridge, a 76-home, boutique 55+ apartment community just outside the heart of Chanhassen, Minnesota. Chanhassen is the pinnacle family-friendly neighborhood located 30 minutes from downtown Minneapolis & Saint Paul. The various shops, restaurants, parks, and not to mention a top rated school district, create the quintessential suburban neighborhood. Residents enjoy spending time at the Minnesota Landscape Arboretum, the Chanhassen Dinner Theater, Lake Minnewashta Regional Park and many other regional attractions.


The newly-constructed Powers Ridge Apartments offer residents the true Independent Plus experience. On-site amenities, such as the salon, fitness center, and outdoor patio, cater to tenants who desire a self-sufficient lifestyle without being bogged down by daily tasks.

Between the high-end finishes, first class views, and the strong sense of community, it’s the perfect place for those with an active lifestyle to call home.


The offering provides investors a unique opportunity to purchase a high yield asset that is home to the nations fasting growing demographic in one of the fastest growing submarkets of the Twin Cities. Coupled with the historically low Chanhassen vacancy rate and strong rent growth history, this is a once-in-a-lifetime opportunity that you do not want to miss.

Investment Highlights

  • Secured Entry
  • In-Unit Laundry
  • Balcony in Most Units
  • Full Kitchens (range, refrigerator, microwave &
  • dishwasher)
  • Granite Countertops
  • All Utilities Included
  • Safety Equipped Bathrooms
  • Indoor Pool & Spa
  • Conference Room
  • Kiddie Pool (Grandkids Welcome!)
  • TV Lounge
  • Business Center with Computers
  • On-site Salon
  • Fitness Center
  • Community Room
  • Outdoor Patio Area with Grills & Fireplace
  • Underground Heated Parking
Last Updated Date: 13 Aug 2020
Dan Linnell
Dan Linnell
Senior Director, Capital Markets
Mox Gunderson
Mox Gunderson
Senior Director, Capital Markets

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Last Updated Date: 13 Aug 2020

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