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The Pizitz

Posted: 6/16/2022
143 Units
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About

About The Pizitz

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Pizitz, a 143 unit luxury apartment community with 41,679 SF of ground floor, mezzanine, and lower level commercial space located in Birmingham, AL, which has the nation’s 2nd lowest unemployment rate according to the Wall Street Journal. Built in 1923 and fully redeveloped in 2016, The Pizitz is an irreplaceable asset in Birmingham’s central business district (CBD) which supports 30K+ jobs. In addition to the CBD, Southside Birmingham is anchored by the expansive healthcare industry with The University of AL at Birmingham ranking the #1 Best Large Employer in the US by Forbes. The food hall, restaurants, and retail on the ground floor combine to provide a centerpiece to the Downtown Birmingham community, and the Multifamily performance is exceptional. With 97%+ avg. occupancy across the T12 and diminishing concessions, the next investor can harness the strong in place trends and further drive NOI by substantially pushing rents.

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