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Park Square & Townhomes at Spartanburg

Posted: 3/27/2024
194 Units
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Park Square
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Park Square
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Park Square
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Park Square
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Park Square
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Park Square
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Townhomes at Spartanburg
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Townhomes at Spartanburg
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Townhomes at Spartanburg
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Townhomes at Spartanburg
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Townhomes at Spartanburg
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Townhomes at Spartanburg
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Townhomes at Spartanburg

About

About Park Square & Townhomes at Spartanburg

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 194-unit Park Square and Townhomes @ Spartanburg, which can be acquired together or separately. Positioned less than a mile apart, the assets’ proximity to each other allows for portfolio synergy of shared operations in Spartanburg, SC. Each property directly benefits from the Upstate’s burgeoning economic growth, which has experienced over $5B in capital investments since 2022. Residents are provided streamlined access to the MSA’s top employers, including industry anchors BMW Plant Spartanburg, Inland Port Greer, and the Michelin Manufacturing Plant via I-26 and I-85. The surrounding area boasts impeccable market metrics, including above average rent growth (30%), rising home values (52% growth), and positive demographics ($64K HHI), in addition to top notch retail, including WestGate Mall, Market Square, and The Dorman Centre. Built in 1968 and 1974, both properties arrive to the market with a rare opportunity to implement Class-A finish levels and achieve $150 premiums, setting the communities in line with market comparables.

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