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Heron Lake

Posted: 5/5/2022
216 Units
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Heron Lake
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Heron Lake
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Heron Lake
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Heron Lake
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Heron Lake
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Heron Lake
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Heron Lake
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Heron Lake
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Heron Lake
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Heron Lake
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Heron Lake

About

About Heron Lake

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit Heron Lake apartment community located in booming Columbia, SC. This asset is situated in the coveted East Columbia submarket known for its abundance of retail, dining, entertainment options, and direct access to Columbia’s largest employers through I-77 (105k+ jobs within 20 minutes). The immediate area surrounding the property boasts blue-chip demographics with a dominant white-collar workforce (67%), high avg. HHI’s ($87k+), and unparalleled rent growth (18% through 2026). Arriving to market 96% pre-leased, the property displays notable historical trends including an impressive 24% growth over the T12 NRI and recent leases signing $79 over the rent roll. Built in 2008, Heron Lake represents the incredible opportunity to invest in a Class-A product and implement a light value-add program to push rents $160+.

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