Multifamily

Motor Wheel / JL Lofts

707 Prudden St, Lansing, MI 48906

Listing Price: Request For Offer

Number of Units
140
Occupancy
92.35%
Gross SF
121,455

Investment Overview

Set in the heart of Michigan's Capital City, the Motor Wheel and JL Lofts are perfectly positioned in close proximity to Michigans Capital Building, Michigan State University, the doorstep of some of the regions largest employers, and a wide variety of dining, entertainment and recreation options. These one-of-a-kind redevelopments offer its tenants loft style apartments featuring 12'+ and 18'+ foot ceilings and high-end finishes including custom kitchen cabinets, granite counter-tops, energy efficient appliances, as well as washers and dryers for each unit. Heat pump HVAC system creates low tenant utility bills, facilitating tenant retention.
As a renovated wheel factor, Motor Wheel offers panoramic windows line the walls and are accented by cement pillars and acid stained concrete floors, which create an environment friendly to pets and the pet revenue. The Traco windows themselves have been engineered for comfort and efficiency, with low-e coating, an argon envelope and sound laminate. Case Lofts provide accommodations unlike any other residential space in the Lansing area. As a renovated tractor factory, Case Loft spaces are unique, featuring beautiful maple cabinetry, stainless steel appliances and exposed brick walls. With coded and keyed entries. Both assets enjoy heated underground parking to combat Michigan's hot summer sun and cold winters. Additionally Motor Wheel and JL have elevators that allow easy access to all floors, and tenants enjoy ample green space surrounding the buildings and nicely appointed common areas.
Located in Lansing, Michigan. The region derives economic stability as the seat of State Government and home to Michigan State University. The economy is augmented by a strongly diversified base of private activity including strong employers like the Accident Fund, Auto Owners Insurance, Jackson National Life and General Motors.

Investment Highlights

  • Class A Unit Finishes
  • In Unit Washers and Dryers
  • Unique Floor Plans and Unit Mix
  • Annual Rent Bumps of 3% on Renews and 5% on New Residents

Exclusively Listed By

Multifamily

Motor Wheel / JL Lofts

Listing Price: Request For Offer

Number of Units
140
Occupancy
92.35%
Gross SF
121,455

Investment Highlights

  • Class A Unit Finishes
  • In Unit Washers and Dryers
  • Unique Floor Plans and Unit Mix
  • Annual Rent Bumps of 3% on Renews and 5% on New Residents

Investment Overview

Set in the heart of Michigan's Capital City, the Motor Wheel and JL Lofts are perfectly positioned in close proximity to Michigans Capital Building, Michigan State University, the doorstep of some of the regions largest employers, and a wide variety of dining, entertainment and recreation options. These one-of-a-kind redevelopments offer its tenants loft style apartments featuring 12'+ and 18'+ foot ceilings and high-end finishes including custom kitchen cabinets, granite counter-tops, energy efficient appliances, as well as washers and dryers for each unit. Heat pump HVAC system creates low tenant utility bills, facilitating tenant retention.
As a renovated wheel factor, Motor Wheel offers panoramic windows line the walls and are accented by cement pillars and acid stained concrete floors, which create an environment friendly to pets and the pet revenue. The Traco windows themselves have been engineered for comfort and efficiency, with low-e coating, an argon envelope and sound laminate. Case Lofts provide accommodations unlike any other residential space in the Lansing area. As a renovated tractor factory, Case Loft spaces are unique, featuring beautiful maple cabinetry, stainless steel appliances and exposed brick walls. With coded and keyed entries. Both assets enjoy heated underground parking to combat Michigan's hot summer sun and cold winters. Additionally Motor Wheel and JL have elevators that allow easy access to all floors, and tenants enjoy ample green space surrounding the buildings and nicely appointed common areas.
Located in Lansing, Michigan. The region derives economic stability as the seat of State Government and home to Michigan State University. The economy is augmented by a strongly diversified base of private activity including strong employers like the Accident Fund, Auto Owners Insurance, Jackson National Life and General Motors.

Exclusively Listed By

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