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Alta Surf

Posted: 9/7/2022
216 Units
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About

About Alta Surf

Offers Due:  Wednesday, October 12, 2022 Add to Calendar

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the premier 216-unit Alta Surf apartment community located in Myrtle Beach, SC. This asset is situated in the nation’s fastest growing city with unmatched net migration posting 32% population growth since 2011. Alta Surf’s idyllic micro location provides residents direct access to the area’s largest employers, top tier higher education, and sought-after retail and lifestyle amenities including 66 miles of ocean shoreline and 90 golf courses. Centrally located within the planned Carolina Forest community, the surrounding demographic base is characterized by high avg. HHIs ($93k), a dominant white-collar workforce (64%), and astounding projected rent growth (36% through 2027). Built in 2007, featuring 9 ft ceilings and a top-notch amenity package, Alta Surf presents an exceptional opportunity to invest in a highly capitalized asset ($1.58M+) with mark-to-market potential, increasing rents to recent lease levels ($346 over rent roll) and bridging the rent delta to submarket comparables.

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