Bessemer Place

Posted: 9/2/2021
136 Units
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Under Contract
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Bessemer Place
Under Contract
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Bessemer Place
Under Contract
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Bessemer Place
Under Contract
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Bessemer Place
Under Contract
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Bessemer Place
Under Contract
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Bessemer Place
Under Contract
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Bessemer Place
Under Contract
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Bessemer Place

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About

About Bessemer Place

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bessemer Place, 136 units located in the Bessemer suburb of Birmingham, AL. Originally developed as a LIHTC asset, Bessemer Place has gone through its QC Period and is now in the process of converting to a conventional community. The next investor will enjoy both organic upside by upgrading the tenant base and value add upside by upgrading interior units. Bessemer is a rapidly expanding submarket and has become a bullseye destination for job growth, with several key job announcements including Amazon (1,500+ jobs), FedEx (285+ jobs), Mercedes-Benz (950+ jobs), Lowe’s (200+jobs) and Carvana (300+ jobs).

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