INVESTMENT OFFERING
SAB Capital is pleased to present the Illinois Rural Development Portfolio, a group of 3 apartment communities strategically positioned across Northern Illinois. The portfolio consists of 1 consolidated rural development contract encompassing 38 units, 30 of which receive Rental Assistance. Somerset and Leland are separated by only 20 miles with Edgeview nearly midway between the two, offering a centralized management opportunity. All properties boast low-maintenance exteriors featuring vinyl siding and asphalt roofs. Construction varies slightly, with Leland utilizing a slab foundation while Somerset and Edgeview leverage crawl foundations. The land parcels are efficiently sized, spanning 1.42 acres in Ottawa, .81 acres in Leland, and .36 acres in Sheridan.
- Portfolio is Encumbered by Prepayable Section 515 Rural Development Debt
- RHS 515 Debt Across Three Sites was Consolidated in 2005
- Assumable Mortgage Expiring on September 4th, 2042
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Rural Development Portfolio | $ | % | Available |
