Living / Multi-housing

Valleybrook at Chadds Ford

7000 Johnson Farm Ln Chadds Ford, Pennsylvania United States 19317-9055
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate 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. 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.

Key facts

Year Built 2002
Building Area Net
Land Area Net ()
Number of units 352
Occupancy 96.0 %
Call for Offers 2022-06-02

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Valleybrook at Chadds Ford (the “Property”), a 352-unit, value-add multi-housing opportunity located in Chadds Ford, Delaware County, Pennsylvania. Constructed in 2002, Valleybrook at Chadds Ford presents the exceptional opportunity to acquire a compelling value-add asset of scale with a proven renovation program in an affluent suburban location.

Investment highlights

COMPELLING VALUE-ADD OPPORTUNITY

  • Valleybrook at Chadds Ford was constructed in 2002 and has been professionally maintained since. Current ownership has upgraded 22 units (6% of unit mix) to a luxury scope, achieving rental premiums of more than $300 above classic units. Additionally, ownership has invested $625,000 in the renovation of the existing clubhouse that will ultimately modernize the existing amenity package and create new resident-driven amenities such as work from home pods, a new refreshment area, and a Kids Lodge. This project will be complete prior to closing. Thus, an investor will be able to focus resources on revenue enhancing upgrades upon acquisition.

MULTI-HOUSING FUNDAMENTALS

  • Valleybrook at Chadds Ford has boasted impressive rental performance over the past several months due to the asset’s desirable location paired with suburban Philadelphia’s leasing fundamentals. Recently, net effective rents on new leases and renewals increased 21.8% and 9.2% respectively, supporting the opportunity for new ownership to capitalize on suburban leasing fundamentals and increase rents upon turnover and renewal, while developing a strategic renovation program.

UNMATCHED SUBURBAN LOCATION

  • Valleybrook at Chadds Ford is strategically situated along the heavily-traveled Route 202 Corridor and is proximate to Route 1, I-95, and I-476, offering residents direct access to employment hubs in Wilmington, West Chester, Exton, Downingtown, King of Prussia, and Center City Philadelphia. In addition to the Property’s proximity to regional employment centers, Valleybrook at Chadds Ford is located in the Garnet Valley School District, which is ranked in the 98th percentile of school districts in the state of Pennsylvania.
Last Updated Date: 26 Apr 2022

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Last Updated Date: 26 Apr 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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