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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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