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Multifamily

Bear Pointe

3301 Bear Pointe Cir, Powell, OH 43065

Listing Price: Request For Offer

Number of Units
80
Occupancy
93.0%
Gross SF
67,520

Investment Overview

Marcus & Millichap is pleased to present Bear Pointe, an 80 unit apartment community in Powell, Ohio.

Investment Highlights

  • Owned and Third-Party Managed by Out-of-State Family Since 2006
  • Significant Value-Add Opportunity via Unit and Amenity Upgrade Program; Over $470 Potential Rent Premium (Over $430,000 Total Annual Revenue Growth)
  • In-Place Non-Renovated Units are Over $200 Below Direct Competitors (Over $140,000 in Organic Loss-to-Lease)
  • Within the Highly-Rated Olentangy School District (#12 Out of 607 in State of Ohio and #4 Out of 68 in Columbus MSA)
  • All "Classic" Two-Bedroom Units with Open Floor Plans and Full-Size Washer/Dryer Connections

Exclusively Listed By

  • Michael S. Barron, CCIM

    Executive Managing Director Investments

    (216) 264-2016

    Email Michael

    License(s): OH: 2002021828

    Cleveland

  • Daniel J. Burkons, CCIM

    Executive Managing Director Investments

    (216) 264-2018

    Email Daniel

    License(s): OH: 2002021829

    Cleveland

  • Joshua L. Wintermute

    Senior Managing Director Investments

    (216) 264-2028

    Email Joshua

    License(s): OH: 2007002757, PA: RS308327

    Cleveland

Financing By

Multifamily

Bear Pointe

Listing Price: Request For Offer

Number of Units
80
Occupancy
93.0%
Gross SF
67,520

Investment Highlights

  • Owned and Third-Party Managed by Out-of-State Family Since 2006
  • Significant Value-Add Opportunity via Unit and Amenity Upgrade Program; Over $470 Potential Rent Premium (Over $430,000 Total Annual Revenue Growth)
  • In-Place Non-Renovated Units are Over $200 Below Direct Competitors (Over $140,000 in Organic Loss-to-Lease)
  • Within the Highly-Rated Olentangy School District (#12 Out of 607 in State of Ohio and #4 Out of 68 in Columbus MSA)
  • All "Classic" Two-Bedroom Units with Open Floor Plans and Full-Size Washer/Dryer Connections

Investment Overview

Marcus & Millichap is pleased to present Bear Pointe, an 80 unit apartment community in Powell, Ohio.

Exclusively Listed By

  • Michael S. Barron, CCIM

    Executive Managing Director Investments

    (216) 264-2016

    Email Michael

    License(s): OH: 2002021828

    Cleveland

  • Daniel J. Burkons, CCIM

    Executive Managing Director Investments

    (216) 264-2018

    Email Daniel

    License(s): OH: 2002021829

    Cleveland

  • Joshua L. Wintermute

    Senior Managing Director Investments

    (216) 264-2028

    Email Joshua

    License(s): OH: 2007002757, PA: RS308327

    Cleveland

Financing By

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