88 Units | Excellent Unit Mix

Palm Court Apartments is a 150 unit multifamily property built in 1972. Camelot contains 1, 2, & 3 bedroom units. The property has had new roofs installed in the last 5 years. Stable occupancy and a stable income producing property.
Links Academy, The Pinnacle School and The Spire School. The Greenwich Education Group and its three schools relocated to the Property in an expansion and consolidation from multiple locations.

Landlord only responsible for capital expenses required to replace the roof of the Property and all major base building HVAC systems in the building.
Situated along High Ridge Road, minutes from the Stamford central business district and in proximity to several major transportation corridors.

There is 5.77 acres adjacent to the subject property and can be used for potential expansion.
The owner of the adjacent site is made comments about selling in the near future.
Based on the density and FAR of the adjacent site, we project approximately 88 units can be built there.

Looking back over the last ten years, the phycially vacancy has been north of 90% on a consistent basis.
The economic vacancy has been averaging between 85% 95% over the last ten years.

The subject property is located in the highly desirable area in the Desert area of Indio. One mile South of Evergreen Avenue Highway and just one mile North of Big Red Mountain.
Indio is a city situated in Riverside County in Southern California, on the Pacific coast of the United States. The city is the 36th-largest city in the nation and the seventh-largest in California. As of 2012, its population was 467,892.

The Port of Long Beach, also known as the Harbor Department of the City of Long Beach, is the second-busiest container port in the United States, after the Port of Los Angeles, which it adjoins.[3] Acting as a major gateway for US–Asian trade, the port occupies 3,200 acres (13 km2) of land with 25 miles (40 km) of waterfront in the city of Long Beach, California.
The Port of Long Beach is located less than two miles (3 km) southwest of downtown Long Beach and approximately 25 miles (40 km) south of downtown Los Angeles. The seaport generates approximately US$100 billion in trade and employs more than 316,000 people in Southern California.

Kleinfelder Construction Services employees 1,000-4,999 employees. Comprises establishments primarily engaged in applying physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems.