Documents
Attributes
Year Built | 2000 |
Building Area Net |
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Land Area Net |
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Number of units | 127 |
Call for Offers | 2022-03-04 |
Asset Description
Jones Lang LaSalle (“JLL”) is pleased to present The Lyon, a stellar 127-home mid-rise apartment complex located in booming Des Moines neighborhood, East Village. The complex offers a variety of amazing community amenities and quality apartment finishes. Located within minutes of I-235 and US-69, the property boasts direct access to Des Moines’ top employers, schools, shopping centers, and recreation destinations.
The Lyon’s unbeatable location features immediate access to downtown Des Moines, the Iowa State Capitol, and major hospitals. The property offers investors a rare opportunity to acquire a premier asset bordering the heart of the growing Des Moines MSA.
Investment Highlights
Desirable Des Moines Market
#13 Best Places to Live
High Growth Des Moines
45% Population Growth Since 2000
Excellent Market Fundamentals
97% 3-Year Projected Avg Occupancy
>1:1 Absorption
118% 3-yr Projected Absorption
Access to Top Employer
Renowned DSM Insurance, Finance, & Healthcare Employers
Limited Future Supply
1 Project Under Construction in 5-mile Radius