Parkridge

Posted: 9/26/2019
100 Units
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Parkridge

About

About Parkridge

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit, Parkridge apartment community located in Graham, North Carolina. Centrally located between two of the fastest growing markets, Piedmont Triad/Research Triangle, residents are provided convenient access to multiple metros by way of I-40/I-85. Graham is known for its blue collar workforce, although recent additions in the professional and financial service sectors currently outpace national rates and continue to diversify and grow the local economy. Located in the Burlington submarket, Parkridge can expect to see another $100 in organic rent growth along with a 12% increase in HHI by 2023. Built in 1974, this community recently received a capital infusion of over $700,000 in exterior improvements, including all new roofs on the property. Parkridge represents an outstanding opportunity to invest in a premier asset of its vintage with a proven value-add program that is currently achieving premiums of up to $120 over standard units.