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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Artisan Twickenham Square, 246 units in Huntsville, AL. The multifamily units can be purchased in conjunction with 56K+ SF of Publix-anchored retail in the adjoining development, including two ground floor spaces under the multifamily. The asset’s luxurious interiors, upscale amenities, and urban aesthetics cater to a markedly affluent profile, exemplified by an average household income of $130K+. Residents at the property benefit from immediate access to The Shops Twickenham Square which features boutique retail, eateries and the major grocery chain, Publix. The property sits just 2 blocks from Huntsville Hospital (9,000+ jobs), 1 block from Redstone Federal’s new 67K SF office building (400 jobs), and adjacent to the $250M Orthopedic and Spine Tower that will be completed in 2021. Built in 2014/2015, Artisan Twickenham Square has demonstrated impressive operational trends, providing new ownership a firm foundation for immediate growth in an irreplaceable location.
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Artisan Twickenham Square
246 Units
700 Dorothy Ford Lane
Huntsville, AL  35801
Type: Conventional
Closed: 12/18/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bridgewater - 334 units located in the rapidly expanding city of Huntsville, AL. Huntsville, arguably one of the hottest economic metros in the U.S., has added 14K+ jobs & $5B of capital investments since 2018. The asset is strategically positioned just north of Cummings Research Park (27K+ jobs) and Redstone Arsenal (40K+ jobs) and near high-end retail (Publix 0.5 miles). Constructed in 2008 with quality materials, Bridgewater is primed for a targeted value add campaign as it trails its competitive set by $175+. The asset is garnering heavy demand from the Huntsville rental market as it has remained 96% occupied with 8%+ effective rent growth over the past 12 months. Bridgewater offers the next investor a quality, well-located asset with market-backed value add upside and in-place organic rent growth.
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Bridgewater
334 Units
1501 Old Monrovia Road
Huntsville, AL  35806
Type: Conventional
Closed: 12/8/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Legacy at Jones Farm. Completed in 2015, Phase I delivered 248 Class A units to the Jones Valley submarket of SE Huntsville, an area of picturesque mountain views, top quality retail, and easy access to Downtown’s job drivers just minutes away. Phase II subsequently delivered 173 units in 2019 rounding out the submarket’s most prized asset. This unique modern community is spread across more than 50 acres and offers top-of-market amenities in each phase. Huntsville has experienced 9.7% annualized apartment rent growth in Q1 2020 following 6.2% in 2018 and 7.9% in 2019. Given its premier location, top-of-market amenities, and ornate residences, this high-demand asset offers an outstanding opportunity to acquire scale within one of America’s most desirable investment locales.
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Legacy at Jones Farm
421 Units
1 Legacy Farm Drive
Huntsville, AL  35802
Type: Conventional
Closed: 12/1/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Inverness, a 208-unit apartment community located in Tuscaloosa, Alabama. This asset is situated in the growing Tuscaloosa submarket, which has attracted 2,700+ future jobs over the next 2 years and is grounded on two expanding pillars of The University of Alabama and the Mercedez-Benz plant. Inverness is arguably the most unique community in the area, the only property to offer home-like design and attached garages. Built in 1996, Inverness also boasts 54 renovated units ($75-$125 premiums) and the next investor can push this even further via targeted exterior enhancements. With a proven value add strategy and the most unique physical plant in "T-Town", Inverness has the potential to become a top-of-market asset.
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Inverness
208 Units
8816 Old Greensboro Road
Tuscaloosa, AL  35405
Closed: 10/14/2020