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Chateau Gardens

55+ Market Rate, Age Restricted Community

Lincoln, NE

Investment Highlights

  • 94 Market Rate Units / 55+ Age Restricted
  • Exceptionally Located on MoPac Trail
  • Within Walking Distance of the Gateway Mall
  • 1997 Construction with Value-Add Upside Through Common Area Upgrades
  • Strong Historical Occupancy
  • Developer Owned

VALUE-add and management upside

Built in 1997, Chateau Gardens presents an opportunity to acquire an extremely well located, 55+ (age restricted) apartment community in desirable Lincoln, Nebraska. The property is located along the MoPac Trail (a 26-mile hiking and biking trail spanning from Lincoln to Wabash), and within walking distance of The Gateway Mall, the largest shopping center in Lincoln. The asset has been owned by the original developer since it was constructed, and has been exceptionally maintained over the years, offering a buyer the ability to upgrade the common areas, amenities, and perform modest unit improvements. The property has been very well occupied for the last several years (currently 99%) given the exceptional location and low rent levels for the sub-market.

  • No Rent Restrictions offering Value-Add and Management Upside
  • Over $225,000 of Capital Expenditures since 2015, including New Roof in 2017
  • Strong Amenity Package including Washer/Dryer in Select Units, Garages, Walk-In Closets, and Controlled Access
  • Quiet and Convenient Setting - Ideal for Senior Residents
  • Ability to Offer Additional Services to Tenants

1 Bedroom $686

2 Bedroom $898

SF Average 742

UNIT Amenities

  • Fully Equipped Kitchen
  • Eat-In Kitchen
  • Washer / Dryer In Select Units
  • Walk-In Closets
  • High Speed Internet Access
  • Central Air Conditioning
  • High-Speed Internet Access

COMMUNITY Amenities

  • Beautiful Landscaping
  • Laundry Rooms
  • Elevator
  • Walking/Biking Trails
  • Controlled Access
  • Planned Activities
  • Social Room
  • Garages

LOCATION

DOCUMENT CENTER

CONTACT US

Investment Advisors

PARKER STEWART

Director

parker.stewart@berkadia.com

312.845.3094

MICHAEL SULLIVAN

Senior Director

michael.sullivan@berkadia.com

816.759.0369

ALEX BLAGOJEVICH

Managing Director

alex.blagojevich@berkadia.com

312.845.3088

CHICAGO OFFICE

125 South Wacker Drive, Suite 400

Chicago, IL 60606

312.957.7391 | Fax: 312.957.7871

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
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