About Marina Shores
Cushman & Wakefield's Mid-Atlantic Multifamily Advisory Group is pleased to present Marina Shores – an institutional level apartment complex located in Virginia Beach, one of the fastest-growing and most desirable submarkets within the Hamptons Roads region. Hampton Roads, and Virginia Beach in particular, has experienced a sustained period of economic, population, and employment growth borne out of significant government and government-related investment in the region. The property itself is a singular chance to invest in real estate that exhibits extremely high barriers to entry and portrays a resort-style quality of life for residents. Through renovations, Marina Shores has seen proven rental upside in the range of $340 for its Classic, un-renovated units. Moreover, the site is unique in that it has the capacity to increase density with an additional ~49 units. The combination of a near unobtainable locale, the prospect of renovation potential, and the ability to add density makes Marina Shores an investment opportunity with a clear path to capture significant upside.