150 West

About 150 West

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 150 West, a 201-unit apartment community located in Mooresville, NC. The asset is conveniently situated within a submarket that boasts outstanding demographics ($141k avg HHI, 71% white collar population). The property benefits from having close access to a plethora of lifestyle amenities & big box retailers (Lake Norman, YMCA, Walmart, Mooresville Crossing) and a direct avenue to Highway 150 & I-77 providing easy connectivity to the region. Built in 1999, 150 West represents an outstanding opportunity to invest in the desirable Lake Norman/Mooresville submarket with a highly educated tenant base (77% college educated) and consistent occupancy amid persistent rent growth (15% projected through 2029). Upon completion of the value-add program, new ownership has the opportunity to renovate units to a Class A level and further bridge the gap between the property and surrounding new product ($400+ rental headroom), thus cementing 150 West as the top middle market option in the market.