About 600 Station Square
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 600 Station Square, a 48-unit apartment community located in Greensboro, NC. This brand-new boutique asset is currently in lease-up and is situated in an extremely desirable Greensboro submarket. The submarket is characterized by high quarterly effective rent growth (18.6% in Q2 2022), high barriers to entry (zero units being proposed/under construction in the immediate area), and attractive demographics (over 59% white-collar workers). Of the 7 Greensboro Winston-Salem submarkets, this submarket ranked #1 for overall average occupancy (97.9%) in Q2 2022. Spring Garden Street and West Wendover Avenue are adjacent to the property, allowing residents immediate access to the plethora of retail, dining, and entertainment the nearby area offers. The industries of manufacturing, healthcare, and education anchor the Greensboro economy, with top employers within minutes of the property. Having realized the appeal of the Triad’s economy, six major corporations have made plans to expand in/move to the area. Toyota, Cone Health, Amazon, Publix, Guerrilla, and Boom Supersonic will all be fully operational in the Triad by 2025. Built in 2022, 600 Station Square represents exceptional opportunity to acquire a beautifully built asset and gain almost $43K in additional revenue by implementing other streams of income.