Michel Commercial Real Estate is pleased to present an exclusive listing for The Nexus at Gray’s Landing — an award winning, best-inclass, 142-home, mixed-use, luxury apartment complex with modern finishes and upscale, resort-style amenities. Situated in Des Moines, Iowa and developed by the highly esteemed Sherman Associates in 2018, the addition of the Nexus at Gray’s Landing to the Des Moines landscape has been well-received and is an asset to the community. This gorgeous property has retail and office space on the lower level with a desirable unit mix of apartment homes. Each of the pet-friendly homes features high-end finishes, including granite kitchen islands, stainless steel appliances, high-efficiency in-home washers and dryers, luxury plank flooring, spacious walk-in closets, tile backsplashes, and balconies or patios (in select units). The complex is rich with desirable amenities including, a community garden, a picnic area with a grill, a 24-hour fitness center, an outdoor pool, underground parking, and more. The Nexus is located in a growing pocket of Des Moines and offers convenient access to the shopping, dining, and attractions of downtown Des Moines. Outdoor enthusiasts are less than five minutes from Gray’s Lake Park, Principal Park, and the shores of the Des Moines and Raccoon Rivers. For those with a commute, the Nexus offers easy access to Interstate 235 and Highway 69. <strong>The Nexus at Gray’s Landing has strong occupancy, 4+ years of tax abatement, and an assumable HUD loan (2.94% fixed rate, matures 3/1/2058).</strong> Offering modern, luxury living, in a convenient location, close to the amenities of the city and coupled with easy access to green space and major highways, the Nexus at Gray’s Landing is a standout property where residents are proud to call “home.”
Michel Commercial is pleased to present the Harborview Apartments, a 31-unit, Project-Based Section 8 property that caters to seniors and is located in Grand Marais, MN. Harborview offers a desirable mix of oneand two-bedroom units and has been well-maintained and features on-site laundry facilities, off-street parking, and an elevator. The Harborview Apartments presents a steady investment opportunity. The Harborview Apartments are located in Grand Marais, MN which was voted the 'Best Midwestern Small Town' by USA Today in 2017. The property is just a few blocks from the shores of Lake Superior and less than a quarter mile from the grocery store, a convenience store, several restaurants, and a bank. Residents enjoy the close proximity to the Cook County YMCA and the Grand Marais Public Library.
Michel Commercial is a trusted multifamily brokerage, known for its integrity and track record of successful results. Established by Steve Michel in 1987, Michel Commercial has a strong reputation for extensive marketing and strong industry relationships. The Michel Commercial team are market experts who stay up-to-date with prevailing market conditions and trends. The firm has sold over $2.4 billion worth of apartment properties and regularly receives the “Power Broker Award’ for being among the highest overall in apartment transaction volume in the Twin Cities multifamily market.