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Willington Lakes

Posted: 8/5/2024
216 Units
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Under Contract
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Willington Lakes
Under Contract
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Willington Lakes
Under Contract
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Willington Lakes
Under Contract
Slideshow Image
Willington Lakes
Under Contract
Slideshow Image
Willington Lakes
Under Contract
Slideshow Image
Willington Lakes
Under Contract
Slideshow Image
Willington Lakes
Under Contract
Slideshow Image
Willington Lakes
Under Contract
Slideshow Image
Willington Lakes
Under Contract
Slideshow Image
Willington Lakes
Under Contract
Slideshow Image
Willington Lakes
Under Contract
Slideshow Image
Willington Lakes

About

About Willington Lakes

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit Willington Lakes apartment community located in Orangeburg, SC. This asset is situated in between the booming metro areas of Charleston and Columbia, SC just off I-26, and has welcomed over $221M in capital investments over the past 24 months along with 1,150 new jobs. The property will benefit from continued rent growth with recent leases being signed $46 over the most recent rent roll. Additionally, a new owner has the ability to assume the current in-place loan with 7 months remaining IO at a 3.87% interest rate. Built in 2002, Willington Lakes offers an outstanding opportunity to invest in a thoughtfully maintained asset primed for a Class-A value-add program. Current ownership has spent over $1.2M on capital improvements at the property leaving plenty of headroom for a new owner to achieve significant premiums through an interior value-add program.

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