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Displaying results 313-336 of 368
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 296-unit, two-property portfolio consisting of Berkshire Manor (104 units - 1972) and Berkshire Manor West (192 units - 1979). The properties are located across the street from each other in Carrboro, NC just two (2) miles from the University of North Carolina at Chapel Hill. The portfolio offers an outstanding opportunity to invest in two (2) solid performing assets with proven value-add opportunity in an affluent Chapel Hill submarket sheltered from future supply.
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Berkshire Manor & Berkshire Manor West (2 properties, 296 units)
Berkshire Manor
104 Units
101 Highway 54 Bypass
Carrboro, NC  27510
Type:  Multifamily
Closed: 12/4/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 296-unit, two-property portfolio consisting of Berkshire Manor (104 units - 1972) and Berkshire Manor West (192 units - 1979). The properties are located across the street from each other in Carrboro, NC just two (2) miles from the University of North Carolina at Chapel Hill. The portfolio offers an outstanding opportunity to invest in two (2) solid performing assets with proven value-add opportunity in an affluent Chapel Hill submarket sheltered from future supply.
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Berkshire Manor & Berkshire Manor West (2 properties, 296 units)
Berkshire Manor West
192 Units
112 Highway 54 Bypass
Carrboro, NC  27510
Type:  Multifamily
Closed: 12/4/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 304-unit, 2013-built Springs at Greenville apartments in Greenville, SC. The property is located just off of Interstate-385 in the heart of the "Industry Triangle," home to 8 of the city’s 10 largest employers and 50,000 jobs. The property’s ideal location also give residents the pleasure of being able to walk to premiere retail destinations along Woodruff Road. Springs at Greenville is a core-plus asset built with a unique architectural style, and has support to boost NOI 14% through a comprehensive interior value-add initiative.
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Springs at Greenville
304 Units
1000 Oak Springs Drive
Greenville, SC  29615
Type:  Multifamily
Closed: 11/29/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit The Quarters at Stones Bay located in Sneads Ferry, Onslow County, NC. The asset sits just 3 miles southwest of Camp Lejeune, the area’s largest economic driver. Built in two phases in 2012 and 2014, The Quarters at Stones Bay features an outstanding features and amenities package and presents an opportunity to acquire a top of the market asset at an attractive basis while building upon the already strong property-level economics. Additionally, there is an opportunity to develop 5 commercial outparcels totaling 9.89 acres to add additional scale at the property.
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Evolve at Stones Bay
240 Units
1001 Quarters Landing Circle
Sneads Ferry, NC  28460
Type:  Multifamily
Closed: 11/15/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Magnolia Ridge, a niche 84-unit garden apartment community located in Gaffney, SC. The property is strategically located in close proximity to historic downtown Gaffney and the nationally recognized Limestone College. The property is uniquely positioned in a market with minimal competition and an encouraging value-add story - offering a stable, cash-flowing investment with promising upside. With current rents trailing the submarket by $69, implementation of a value-add program would increase annual NOI by over 33%.
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Magnolia Ridge
84 Units
266 Goldmine Springs Road
Gaffney, SC  29340
Closed: 11/14/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present 901 Center Station, a 400-unit, 1972-built garden apartment community located in Durham, NC. Conveniently situated in a submarket of the explosive Raleigh-Durham MSA, 901 Center Station provides tenants with close proximity to the area’s premier economic drivers including Downtown Durham and the Duke University Health System. With over $3 million in CapEx recently completed, 901 Center Station is a low-maintenance asset with outstanding upside potential through an existing interior value-add initiative and water/sewer income collection from a recently completed submetering program.
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901 Center Station
400 Units
901 Chalk Level Road
Durham, NC  27704
Type:  Multifamily
Closed: 11/8/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Woods Edge, a niche 120-unit, 1986-built garden apartment community in an affluent south Asheville, NC neighborhood. Located less than two (2) miles from the famed Biltmore Estate, Woods Edge is prominently situated within close proximity to Asheville’s premier retail destinations including the Historic Biltmore Village and the 750-acre Biltmore Park Town Square. With recent targeted capital improvements completed and a proven value-add program with 53% of the units remaining (64 units), Woods Edge offers significant upside for the next owner. The 56 renovated units are obtaining average rent premiums ranging from $101 to $224 on a $3,900/unit to $5,200/unit renovation scope.
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Woods Edge
120 Units
98 Woodstream Lane
Asheville, NC  28803
Type:  Multifamily
Closed: 11/6/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present The Corners, a 176-unit, 1973-built garden apartment community conveniently located in Spartanburg, SC. Situated along the commerce-rich I-85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (8,800 employed) and burgeoning high-tech economy. The Corners offers a well-maintained asset with a recent targeted capex program completed that included both asset preservation as well as amenity upgrades. The Corners is ideally situated for completion of the proven in-place value-add program which is obtaining $91 to $97 premiums on average. With 109 units remaining to be renovated, The Corners offers the ability to increase annual NOI by 19%.
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The Corners
176 Units
151 Fernwood Drive
Spartanburg, SC  29307
Type:  Multifamily
Closed: 11/3/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 202-unit, 2014-built Tryon Park at Rivergate apartment community located in Charlotte’s fastest growing submarket. Situated off of a major thoroughfare (43,000 VPD) and bound by an abundance of popular retail destinations, Tryon Park at Rivergate provides a desirable, connected suburban location. Arriving with attractive, below market assumable debt that has over two (2) years IO remaining and room to boost revenue via cosmetic value-add initiatives, this superb asset is perfectly positioned to capitalize on Charlotte’s prolific economic growth.
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Tryon Park at Rivergate
202 Units
12620 Toscana Way
Charlotte, NC  28273
Type:  Multifamily
Closed: 10/31/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit, 1989-built Treybrooke at the Park apartments in Morrisville, NC. The property is located in an affluent pocket of the Raleigh-Durham MSA, boasting average household income levels of over $100,000 and home values of $325,000, and is conveniently situated amongst the area’s top employment and retail nodes. Treybrooke at the Park, which features the largest floorplans in the submarket, has experienced 33% market rent growth since September-2013 due to a light interior upgrade package that has been completed on 93% of the units. New ownership has the opportunity to increase annual NOI by an additional 28% through completion of a more comprehensive upgrade program that is supported in the submarket.
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Treybrooke at the Park
200 Units
201 Treybrooke Drive
Morrisville, NC  27560
Type:  Multifamily
Closed: 10/26/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit, 1995-built Laurelwood Park apartments in High Point, NC. The property, sanctioned under the Section 42 Affordability Program, is a strong performing asset with promising potential to boost NOI through increasing rents to the 60% AMI limits, which rest approximately $150 above current market rate levels.
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Laurelwood Park
100 Units
1300 Burton Avenue
High Point, NC  27262
Closed: 10/20/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit South Winds apartment community in the Fayetteville, NC MSA. Built in 1988 / 1997, South Winds is located in close proximity to Fayetteville’s largest employers including Goodyear Tire & Rubber, Pope Field Army Airfield, and Fort Bragg. The property is uniquely positioned to create significant organic growth as average rents in the market are expected to rise by 8% through 2021 as vacancies are forecast to plummet to 4%. South Winds is positioned to boost NOI by 164% through 2021. The lack of Class B competition in the submarket offers a high rent ceiling driven by 2000-built competitors that are obtaining $225 higher rents on average – providing significant value-add rent growth runway for new ownership.
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South Winds
216 Units
204 McKenzie Road
Spring Lake, NC  28390-3155
Closed: 10/12/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit portfolio Creekside at Wellington and Garden Villas in Gaffney, SC and Gastonia, NC, respectively. These strategically located, well-maintained properties are both located less than half a mile off of I-85 with access to major employment centers of the Upstate and Charlotte, while offering investors value-add opportunities in markets with scarce competition. Creekside at Wellington has untapped potential income with existing storage units on site and potential to boost NOI with implementation of a value-add initiative. With a proven value-add program in place, Garden Villas is well positioned to capitalize on Charlotte MSA’s tightening fundamentals.
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Creekside at Wellington & Garden Villas (2 properties, 192 units)
Creekside at Wellington
92 Units
1230 Overbrook Drive
Gaffney, SC  29341
Type:  Multifamily
Closed: 10/2/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Arbor Glen and Meadow Green apartment communities in Spartanburg, South Carolina. Situated along the commerce-rich I-85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (8,800 employed) and burgeoning high-tech economy. The adjacent subject assets are in desirable east Spartanburg, one mile from the busy East Main Street commercial corridor (Publix, Fresh Market, Aldi). Ripe for value add, these synergistic properties represent outstanding investment potential in the powerful Upstate region.
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Arbor Glen & Meadow Green (2 properties, 272 units)
Arbor Glen
156 Units
1514 Fernwood Glendale Road
Spartanburg, SC  29307
Type:  Multifamily
Closed: 9/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit, 1997-built Cypress Run apartments located in Columbia, SC. The property is conveniently situated off of Interstate-26, offering residents easy access to the area’s major economic drivers as well as the city’s premier retail corridor. Cypress Run is a quality, strong performing asset – boasting an average economic and physical occupancy of 96% over the trailing twelve (12) months – that has enormous upside potential through an interior upgrade initiative, and a discount to replacement cost.
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Cypress Run
204 Units
3430 Broad River Road
Columbia, SC  29210
Type:  Multifamily
Closed: 9/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Arbor Glen and Meadow Green apartment communities in Spartanburg, South Carolina. Situated along the commerce-rich I-85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (8,800 employed) and burgeoning high-tech economy. The adjacent subject assets are in desirable east Spartanburg, one mile from the busy East Main Street commercial corridor (Publix, Fresh Market, Aldi). Ripe for value add, these synergistic properties represent outstanding investment potential in the powerful Upstate region.
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Arbor Glen & Meadow Green (2 properties, 272 units)
Meadow Green
116 Units
1504 Fernwood Glendale Road
Spartanburg, SC  29307
Type:  Multifamily
Closed: 9/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 188-unit, 1976-built Stone Ridge Apartments in Columbia, SC. The property is conveniently located off of I-26 between the Downtown Columbia and Harbison Boulevard Corridors. The asset offers an outstanding opportunity to invest in a solid performing asset with an attractive unit mix and proven potential to boost NOI through completion of a value-add program.
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Stone Ridge
188 Units
1000 Watermark Place
Columbia, SC  29210
Type:  Multifamily
Closed: 9/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Hawthorne Glen at Strickland, a niche 156-unit, 2000-built garden apartment community in affluent northwest Raleigh, NC. Located within the I-540 loop, the affluent and predominantly single-family residential neighborhood boasts average HHI’s of $125,000, median home values of $342,000 and is in close proximity to Raleigh’s major employment nodes featuring 70,000 high-paying jobs at employers such as Lenovo, IBM, BASF, Cisco Systems, Oracle, Qualcomm and Lockheed Martin. The property, which features some of the largest average unit sizes in the submarket, includes a fully renovated amenity package and an in-place value-add program obtaining a 24% ROI. In addition, the property is primed to execute a Class A interior renovation with $250 premiums as newer supply is averaging $285 - $446 higher rents.
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Hawthorne Glen at Strickland
156 Units
12203 Strickland Road
Raleigh, NC  27613
Type:  Multifamily
Closed: 9/7/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Hawthorne Westside, a 200-unit garden apartment community located in the heart of the West Ashley neighborhood just minutes from Downtown Charleston. With direct I-526 access, the property offers convenient access to major employment centers including Boeing, Joint Base Charleston, the new Mercedes-Benz plant, and Volvo plant. The well-maintained, 1987-built property offers the best amenity package in the submarket and includes a proven value-add program obtaining $115 to $150 premiums on a $4,900 to $5,700 renovation scope. Further upside remains as: (1) new supply is averaging $350 - $500 higher rents and (2) 1980’s value-add product on James Island is averaging rents $140 - $240 above Hawthorne Westside.
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Hawthorne Westside
200 Units
2235 Ashley Crossing Drive
Charleston, SC  29414
Type:  Multifamily
Closed: 9/6/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 228-unit, 1991-built The Arbors at Windsor Lake apartments in Columbia, SC. The property is conveniently located off of I-77 nearby some of the area’s top employers, and is barbelled between the affluent Forest Lake and Wildewood communities. The Arbors at Windsor Lake is a strong performing asset primed for a value-add initiative that is being offered at a discount to replacement cost.
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Arbors at Windsor Lake
228 Units
8720 Windsor Lake Boulevard
Columbia, SC  29223
Type:  Multifamily
Closed: 8/30/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, 1995-built Salem Crest apartments in Winston-Salem, NC. The community, which is sanctioned under the Section 42 Affordability Program, is located just off Interstate 40, allowing easy access to the area’s most premier retail, healthcare facilities, and economic drivers. The investment also comes with the opportunity to boost annual NOI through increasing rents closer to the 60% AMI limits, which rest approximately $175 above current market rate levels.
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Salem Crest (TC)
144 Units
790 Salem Crest Circle
Winston-Salem, NC  27103
Closed: 8/23/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit portfolio Creekside at Wellington and Garden Villas in Gaffney, SC and Gastonia, NC, respectively. These strategically located, well-maintained properties are both located less than half a mile off of I-85 with access to major employment centers of the Upstate and Charlotte, while offering investors value-add opportunities in markets with scarce competition. Creekside at Wellington has untapped potential income with existing storage units on site and potential to boost NOI with implementation of a value-add initiative. With a proven value-add program in place, Garden Villas is well positioned to capitalize on Charlotte MSA’s tightening fundamentals.
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Creekside at Wellington & Garden Villas (2 properties, 192 units)
Garden Villas
100 Units
1776 Poston Circle
Gastonia, NC  28054
Type:  Multifamily
Closed: 8/22/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit, 1985-built Bainbridge In The Park apartments in Durham, NC. Located in close proximity to some of the area’s strongest economic drivers and most premier retail centers, Bainbridge In The Park is a well-maintained, strong performing asset with promising potential to boost NOI through implementing an interior value-add program.
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Triangle Place
216 Units
2800 Bainbridge Road
Durham, NC  27713
Type:  Multifamily
Closed: 7/10/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 247-unit, 1986-built W Flats apartment community located in Charlotte’s next transit-oriented community. W Flats features a proven value-add opportunity with 85% of the units remaining - offering annual upside of $250,000. The property is also a recipient of a new $1.3 million capex infusion that included a complete exterior and amenity overhaul. The property is uniquely positioned along Charlotte’s next light rail route which will provide direct access to Uptown Charlotte - the largest employment node in the region with over 100,000 jobs.
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W Flats
247 Units
7200 Wallace Road
Charlotte, NC  28212
Type:  Multifamily
Closed: 6/30/2017
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