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About
About Retreat at Schillinger
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Retreat at Schillinger, a 270-unit apartment community in Mobile, Alabama. The asset is situated in the rapidly expanding West Mobile submarket, where rents have grown 33% over the past six years. With in-place effective rents trailing the competitive set by more than $175, a new owner is positioned to complete the in-place value-add campaign — 77% of units remain to be renovated — and add more than $700,000 to bottom-line NOI. Built in 2010 and ideally positioned for connectivity via Schillinger Road (28,000+ VPD) and Airport Boulevard (30,000+ VPD), Retreat at Schillinger offers an outstanding opportunity to acquire a proven, value-add asset in the region’s fastest-growing submarket.
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