Abbington Place

Posted: 1/3/2020
360 Units
Want to add this to My Listings (or tell us why you're not interested)?
Log In or Register ...

Photos

Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place
Under Contract
Slideshow Image
Abbington Place

About

About Abbington Place

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 360-unit, Abbington Place apartment community located in Greensboro, North Carolina. Built in 2 phases (1995/1997), the low-density property received a recent capital investment of $3.86M that included new roofs, community amenity and parking lot enhancements, structural repairs, and interior upgrades to 65% of units. The demographics of the 1-mile radius surrounding Abbington Place outperform the broader market on nearly all fronts, with a 72% white collar workforce, 1.9% unemployment rate, and 50% of the population possessing higher education degrees. As the Greensboro-High Point MSA pipeline remains steady, the submarket will see a pause in development, having absorbed a recent surge in supply with ease. This strong market indicates the potential to take current, mid-tier renovations a step further at the property with the opportunity to boost annual NOI by 41% through a multi-faceted value-add 2.0 program.

Documents