The View at 777

About The View at 777

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group in conjunction with Thalhimer’s Capital Markets Group is pleased to present The View at 777 (the “Property”), a renovated, upscale 72-unit apartment community in the desirable City of Salem submarket of the high-growth Roanoke, Virginia MSA. The investment offers attractive, assumable fixed-rate financing appropriately sized at a below market interest rate. Current ownership has invested over $575,000 in capital improvements, transforming The View at 777 into a best-in-class community that appeals to more affluent tenants. The property has undergone comprehensive renovations in recent years, including extensive exterior improvements and systems-level replacements as well as in-unit upgrades. Theses strategic enhancements position The View at 777 as a standout performer within its competitive set and have directly correlated with meaningful rent growth. Located less than a mile from walkable downtown Salem, the cultural and economic hub of the submarket, The View at 777 also benefits from proximity to a wide variety of cultural, educational, and healthcare institutions, along with strong employment drivers. The MSA is currently experiencing a historic economic expansion with employment growth surpassing Virginia’s average, and total employment at an all-time high. This trend is expected to continue with several high-profile economic developments underway. With all major capital expenditures complete, The View at 777 is poised for long-term operational stability and revenue growth, offering investors a rare opportunity to acquire a fully repositioned turnkey asset in one of the region’s most desirable submarkets with strong cash flow based on attractive assumable financing and value appreciation potential.