Nissen Building Apartments

Posted: 10/8/2019
145 Units
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Nissen Building Apartments
Under Contract
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Nissen Building Apartments
Under Contract
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Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments
Under Contract
Slideshow Image
Nissen Building Apartments

About

About Nissen Building Apartments

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Nissen Building Apartments - a 145-unit, historic mixed-use, high-rise asset in the heart of flourishing downtown Winston-Salem. Attention to detail during the 2005 Nissen Building redevelopment, unique amenities, and existing quality of finishes provides the ideal canvas for a market-supported value-add platform to close a $200+ rent gap to competing downtown properties, while a perpetual 50% tax abatement drives cash flow. With frontage on 4th Street, Nissen Building residents enjoy supreme walkability to the Triad’s largest employers and eclectic entertainment venues in downtown Winston-Salem - a center city submarket that has witnessed nearly $2B of investment since 2000 as part of a continued renaissance. Drastically underserved by class A apartment units, downtown Winston-Salem boasts picture-perfect supply/demand fundamentals, offering investors of Nissen Building Apartments a chance to acquire a high-rise asset at an attractive basis with a protected rent growth runway.

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