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Park Place

Posted: 5/20/2021
200 Units
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Park Place

About

About Park Place

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Park Place apartment community located in St. Marys, Camden County, Georgia. This asset is situated along the Georgia Coast in Camden County, a thriving community 32 minutes north of Jacksonville, Florida, and included in the Jacksonville CSA. Park Place is situated near Kings Bay, a highly specialized and stable naval submarine military base that provides 9,000 jobs and a massive $1.1B impact to the region. Built in 1988, Park Place represents a unique opportunity to invest in a proven value-add asset receiving rent premiums of $180, with an ability to capture and garner a 47% ROI.