North Chase

About North Chase

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 99-unit North Chase apartment community located in Wilmington, NC. This asset is situated in a highly sought after pocket of Wilmington, which is characterized by a growing population, rising home values, and exceptional universities. The immediate area surrounding the property is comprised of college educated renters (34%) that are 58% white-collar and average +$72K in median household income. Residents of North Chase have instant access to the New Centre Market & University Centre retail corridor , which provides a plethora of retail, entertainment, and lifestyle amenities just a short drive from the asset. The fruitful industries of manufacturing, technology, and banking ground the Wilmington economy, which is experiencing a major economic boom as economic drivers continue to announce plans to move to/expand in the area. Current ownership has invested over $1.5M in capital expenditures since 2018, and have an in place renovation program that yields $125+ premiums over classic units.