Berkadia Institutional Solutions is pleased to present the exclusive opportunity to purchase CENTRUM EVANSTON, a 360-degree glossy oasis in the heart of colorful, cultured Evanston, Illinois. This 2018-built, 101-unit, 12-story luxury apartment community defines sleek loft-style living and first-ring urban-suburban walkability.
The investment includes 3,979 SF of street-level retail space, 61% of which is occupied by Aligned Modern Health, and a lease for up to 55 spaces in the City-owned Sherman Plaza Self Park Garage on a pay-only-for-use basis providing convenient zero maintenance structured parking spaces for use by tenants.
Centrum Evanston offers the coveted opportunity to acquire a newer luxury property with very favorable assumable in-place debt. The Fannie Mae Interest-Only loan at 3.97% has almost 6.5 years remaining on its term.
Walkable Retail, Eateries, & Entertainment: A walkable Retail, Eateries, & Entertainment: A “Walker’s Paradise” Awarded a 97 Walkscore® — Steps from Whole Foods, Target, USPS & UPS, Peet’s Coffee, Dunkin’ Donuts, CVS, Evanston Public Library, Nichols Concert Hall, Hilton and Hyatt Hotels, & Downtown Evanston’s 300+ Businesses, 3 Major Shopping Centers, and 80+ Restaurants
On-The-Spot Transit: 1-Minute Walk to Davis Purple Line CTA Stop & Adjacent to the Union Pacific-North Metra
Employment Epicentric: Conveniently Centered Between Downtown Chicago & North Suburban Job Markets
Top Ranked Livability: Evanston is Currently Ranked as the #2 Best Suburb for Young Professionals in Illinois (Niche.com) and #28 for 2021 Top 100 Best Places to Live in America (Movoto & Livability.com)
Focus on Connectivity & Tech-Enhanced Ease: Integrated USB Ports in Kitchens & Bedrooms, Smartphone-Controlled Building Access, & Common Area Wi-Fi
Notable Northwestern University: 1/2 Mile to Education, Evanston’s #1 Employer, & 240 Acres of Enjoyable Green Space
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
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