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Aurea Station

Posted: 8/13/2024
PRIVATE LISTING
384 Units
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Aurea Station
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Aurea Station
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Aurea Station
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Aurea Station
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Aurea Station
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Aurea Station
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Aurea Station
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Aurea Station
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Aurea Station
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Aurea Station

About

About Aurea Station

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Aurea Station, a 384-unit apartment community in Charlotte, NC. Built in 1985, this impeccably preserved asset offers residents best-in-class amenities and finishes, catering to the predominantly white-collar workforce in the area (61%), with a high average household income ($107K) and 71% of the population prioritizing college education. Located in the rapidly expanding pocket of South Charlotte, Aurea Station’s prime location provides seamless access to over 170,000 jobs and top lifestyle amenities via the adjacent LYNX Blue Line, South Blvd, and I-77.

The property represents an outstanding opportunity to invest in an extremely well-maintained asset that has demonstrated average rental premiums of $400 over classic units and offers excellent potential for a Value-Add 2.0 initiative. Supported by recent leasing trends and market comparables, new ownership can capitalize on significant upside by enhancing the current Value-Add campaign and securing Aurea Station’s continued growth.

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