330

Units

2016-2018

Built

962

Avg Unit SF

Overview

Market Square Apartments is a 16-building, 330-unit value-add multifamily investment opportunity. Market Square Apartments was built in two phases between 2016 and 2018 on a 31-acre site in the Village of Somers, Wisconsin, offering:

  • 100% Direct-Access Units
  • 134 (41%) of the 330 Units Have Attached Garage
  • Surrounded by major retailers including Festival Foods, Walmart, Sam’s Club, Starbucks, Dunkin, Kwik Trip, and Aldi
  • Convenient access to the largest concentration of retail in Southeastern Wisconsin

Market Square Apartments is available with very favorable assumable in-place Freddie Mac debt with full-term interest-only through 8/1/2033 at a 5.08% fixed interest rate at approximately 60% LTV.

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INVESTMENT HIGHLIGHTS

VALUE-ADD OPPORTUNITY

Market Square Apartments offers a value-add opportunity through targeted investments in unit interiors and common areas, positioning the Property more competitively alongside the newest apartment communities in the submarket.

ECONOMIC GROWTH CORRIDOR

Located within 60 minutes of over 3.3 million people in one of the most active economic growth corridors in the country.

MASSIVE JOB GROWTH

Market Square Apartments is strategically positioned within the booming job market of the I-94 Corridor in Southeastern Wisconsin, supported by billions of dollars of new investment from major employers including Lilly, Microsoft, Foxconn, Uline, SC Johnson, Haribo, and Amazon.

Lilly is building a $4.0 Billion Pharmaceutical Campus only 15 minutes southwest of Market Square Apartments. Microsoft is spending over $20.6 Billion to build a massive three-phase AI Data Center Campus only 10 minutes north of Market Square Apartments.

KENOSHA COUNTY:
ROBUST DEMAND FOR HOUSING

Kenosha County is one of the fastest growing areas in the State of Wisconsin. Since 2000, Kenosha County’s population has grown at a rate of 12.6%, much more rapidly than the state and national growth rates of 6.0% and 9.7%, respectively. According to the City of Kenosha, the demand exists in Kenosha County to necessitate the development of more than 1,000 housing units per year, for the next 10 years.

Contact Us

Chicago Office
125 S. Wacker Drive, Suite 400
Chicago, IL 60606

INVESTMENT SALES

Pete Evans
Senior Managing Director
847.226.0836
[email protected]

Richard Evans
Senior Director
773.991.3321
[email protected]

Mortgage Banking

John Koeijmans
Senior Managing Director
214.360.3822
[email protected]

Austin Blankenship
Associate Director
214.282.2524
[email protected]

Laura Cathlina
Senior Managing Director
312.339.5343
[email protected]

Anna Burns
Associate Director
630.800.8562
[email protected]

Bill O’Connor
Associate Director
414.651.8262
[email protected]

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