Magnolia Preserve

Posted: 5/30/2018
173 Units
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About

About Magnolia Preserve

Offers due:  Wednesday, September 19, 2018

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 173-unit Magnolia Preserve apartment community located in Dothan, Alabama. Dothan is widely regarded as the “southeastern gem” of the state, with a growing medical/industrial economy and major local job growth. Magnolia Preserve maintains one of the best multifamily locations in the submarket, within the Montgomery Highway retail corridor (3M+ SF) and $70K+ average household incomes. The community, one of the only Class A assets in the entire market, has produced outstanding organic rent growth since delivery (4.9% YoY) and stable occupancy. The next investor can further increase collections through rounding out the in-place value add campaign.

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