About The Reserve at Magnolia Ridge
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Reserve at Magnolia Ridge, a 360-unit apartment community in Cary, NC less than 3 miles from Cary’s first Wegmans scheduled to deliver in 2020. Built in 1984, and bolstered by a recent $2.1 million capital infusion, the property offers new ownership significant income upside from completion of a proven unit interior renovation program, and potential for a market-supported second phase of upgrades to push rents. Firmly cemented in a solid demographic region (3.1% unemployment within one mile), the property offers seamless connectivity to Raleigh-Durham’s largest job centers by way of I-40 / US-64. Residents enjoy superior access to Cary’s premier retail outlets - Crossroads Plaza (681,067 SF) and Cary Towne Center (910,200 SF).