Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X, is pleased to present the opportunity to acquire the Franklin Woods Apartments, a 36-unit, garden style, project-based section-8 apartment community located at 11 Plains Court in Franklin, New Hampshire.

Situated along Daniel Webster Drive, just off Route 11, the property encompasses 3.5 acres and features three, twelve-unit apartment buildings. Currently 92% + leased, the residences include a mix of one and two-bedroom units. Additionally, the property offers ample parking as well as a management office and maintenance repair workshop.

Process & Pricing

Franklin Woods is available on an "as-is, where-is" basis and is being offered without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline.

Please visit https://www.ten-x.com/listing/11-plains-ct-franklin-nh-03235/27743365/ to sign the confidentiality agreement, download the due diligence materials and register for the auction.

*PRICE RECENTLY REDUCED* Price: $249,000 Price/Unit: $24,900

1. FULLY ENTITLED DELIVERED SITE
This 10+/- land site is zoned for up to 266 residential units and up to a 4-story product. The site offers a developer the opportunity design & develop a variety of potential products including market rate apartments, townhomes, single family rentals or a for sale product. Along with the existing 84-unit senior living and memory care facility and senior villas, Vision Development & Elmington Capital are under construction with 839 apartment units which include Class A+ market rate, workforce and 55+ age restricted units.

2. LOCATED IN DYNAMIC GROWING COMMUNITY
Union Township is a thriving community just on the outskirts of Cincinnati and is the 9th largest township in the State of OH. Located just minutes from I–275 the development site is nestled between abundant retail amenities and tree lined rapidly growing residential communities

3. PROXIMITY TO LARGE EMPLOYERS
Being known as a well-managed local municipality, Union Township is known as a business-friendly community. Union Township has emerged as a major employment center on the east side of Cincinnati. Home to Total Quality Logistics, the 2nd largest freight brokerage company in the US who is currently expanding their Headquarters which will create 600 new jobs. Nearby employers also include American Modern Insurance and Tata Consultancy Services who each have over 1,000 employees.

4. EASY ACCESS TO RETAIL, ENTERTAINMENT & COMMERCE
Union Commons Development location will not only provide residents access just minutes away to local retail, restaurant and entertainment amenities but also easy access to Downtown Cincinnati & Greater Cincinnati/N KY International Airport.

5. ESTABLISHED + IMPROVING AREA DEMOGRAPHICS – TRAFFIC COUNTS
2 new traffic circle will highlight the entrance to Union Commons from Bach Buxton Rd & Glen-Este Withamsville Rd. These improvements along with the Clepper Lane extension to Bach Buxton Rd. the current 13,375 cars per day will increase significantly. Union Commons is also surrounded by desirable demographics with average household incomes of $95,000 and significantly rising home values.

6. OPPORTUNITY ZONE
Union Commons development site is located within a Designated Opportunity Zone, one of only two located in Clermont County. Investors in a multi-family development will have the ability to defer existing capital gains and take advantage of the significant long-term hold tax benefits available to investors in projects located in Opportunity Zones.

Acacia Pointe sold on 10/15/13 for $8,528,000. Colony sold on 10/22/13 for $8,600,000.

December 2014

December 2012

Please do not disturb on-site management. All property visits must be scheduled with listing agent.