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About
About Magnolia Preserve
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 $80K+ average household incomes. The community, one of the only Class A assets in the entire market, has produced outstanding NRI growth since delivery (9.2% YoY last 3 years) and stable occupancy. The next investor can further juice collections through rounding out the in-place value add campaign. The asset is offered as a debt assumption or on an all-cash basis.
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