The Gateway

Posted: 1/12/2022
59 Units
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The Gateway
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The Gateway
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The Gateway
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The Gateway
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The Gateway
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The Gateway
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The Gateway
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The Gateway
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The Gateway
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The Gateway
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The Gateway
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The Gateway
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The Gateway

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About

About The Gateway

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Gateway - 59 fully renovated, Class A units completed in mid-2021 in the heart of Historic Downtown Mobile. The downtown core has seen significant transformation over recent years and will continue to see jobs, capital and residents migrate to the core, attracted by all the city and region has to offer. Redeveloped in 2021 from a historic office building, The Gateway boasts full interior, exterior and amenity renovations with unit finishes being ultra-luxuriously designed and crafted. The asset is located in Historic Downtown Mobile providing residents with convenient access to employment hubs and walkability to top-tier dining and entertainment venues. With stabilization, new ownership is perfectly positioned to capture in-place rent momentum (14%+) on 2nd gen-leases as apartment fundamentals continue to remain robust (95% market occ.) amidst a booming local economy. The Gateway represents the rare opportunity to acquire a heavily capitalized, desirably located asset with exceptional performance trends in place.

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