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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Grande View apartment community located in Biloxi, Mississippi. This asset is located between Beach Blvd and Pass Rd which offers access to two major employment centers in Gulfport and Biloxi (59K+ total jobs). Built in 2003 and well-amenitized, the asset boasts exceptional performance trends (22.8% avg. growth on leases). In addition to the property's desirable offerings, Grande View lies within one mile of over 1.3 million square feet of retail and across the street from the Biloxi beaches thus providing for a top-of-market position. Arriving to market 96% occupied, the asset offers next ownership a rare opportunity to acquire a well-performing asset with value-add upside in a highly sought-after micro location (95%+ sub-market occupancy).
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Sold
Grande View
240 Units
151 Grande View Drive
Biloxi, MS  39531
Type: Conventional
Closed: 12/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Station at Clift Farm, a 315-unit, 2021-built apartment community located in one of the top growth markets in the country, Huntsville, AL. Delivering its first units in June 2021 with over 35 leases signed each month in the 1st 2 months of leasing, The Station at Clift Farm offers the most upscale and sought-after finishes, amenities and features in the region. The asset is nestled in the Clift Farm development which provides future residents unmatched walkability to retail while maintaining superb connectivity to the area’s major job cores. The property will also feature a top-of-the-line technology package that is only offered at the nation’s most prestigious assets. The Station at Clift Farm offers the next investor a Class A+ asset in one of the hottest markets in the country.
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Sold
The Station at Clift Farm
315 Units
165 John Thomas Drive
Madison, AL  35758
Closed: 12/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Grayton on Dean apartment community located in Auburn, AL. This asset is situated in the heart of the Auburn-Opelika MSA with close proximity to Opelika Road allowing convenient access to Auburn University, the state’s #1 ranked collegiate institution as well as premiere retail destinations and other economic drivers. Following a full $3.8M+ renovation the property arrives to market 100% pre-leased with exceptional rent growth (13%+ on new leases) with further room to push rents on 2nd generation leases. Built in 1964, 1984, and 1986, Grayton on Dean offers an outstanding opportunity to invest in a newly renovated property with exceptional rent and income growth trends.
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Sold
Grayton on Dean
240 Units
420 North Dean Road
Auburn, AL  36830
Type: Conventional
Closed: 12/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Central Park a 384-unit apartment community located in Montgomery, AL. The asset is situated in the highly sought-after Midtown submarket of east Montgomery with easy access to downtown via I-85 (1 mile). Benefitting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410M and create an additional 1,200 jobs to build a new light truck model. Built in 2000, Central Park offers an outstanding opportunity to invest in a cash-flowing asset with significant value add upside.
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Sold
Central Park
384 Units
2400 Central Parkway
Montgomery, AL  36106
Type: Conventional
Closed: 11/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 468-unit Riverchase Landing apartment community located in the highly desirable Hoover suburb of Birmingham, AL. Hoover features state-ranked schools (#5) and heavily restricts new multifamily developments. This asset offers an outstanding location for tenants as it is minutes from 10,000+ jobs and 5.5M square feet of quality retail amenities. Built in 1984-92, Riverchase Landing presents a rare opportunity to invest in a cash-flowing asset that has an in-place value add campaign (up to $250 premiums) that can be expanded upon, creating significant room for revenue growth for the next investor.
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Sold
Riverchase Landing
468 Units
200 River Haven Circle
Hoover, AL  35244
Type: Conventional
Closed: 10/26/2021