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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 252-unit Arlington Park apartment community located in Mobile, Alabama. This asset is situated in West Mobile, just south of Airport Boulevard, one of the Metro’s most affluent locations with average HH incomes of $75K and a constrained multifamily market. As Alabama’s only port economy, Mobile is attracting top companies such as Walmart, Amazon, and Airbus (4,000+ new jobs coming). Built in 2001 utilizing quality construction and massive floor plans, Arlington Park is in prime position to undergo a full-scale value add campaign to the almost all original interiors.
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Marketing
Arlington Park
252 Units
7070 Grelot Road
Mobile, AL  36695
Type: Conventional
Posted: 8/28/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are pleased to present the exclusive listing of the 176-unit City Heights at The Gulf apartment community located in Biloxi, Mississippi. This asset is located between Pass Rd and Beach Boulevard, offering access to two major buckets of employment in Gulfport and Biloxi. Within half a mile of City Heights lies over 1.3 million square feet of retail and the Biloxi beach, making this micro location a highly amenitized area. Built in 1984 and arguably the most desirable 1980’s vintage asset in the entire metro, City Heights at the Gulf offers the next investor a high quality community with major value add potential.
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Marketing
City Heights at the Gulf
176 Units
221 Eisenhower Drive
Biloxi, MS  39531
Posted: 5/10/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Commando Village apartment community located in Fort Walton Beach, Florida. The Florida Panhandle boasts a stable military backbone, with Eglin Air Force Base and Hurlburt Field (33,000 jobs total) within 15 minutes of Commando Village. The community boasts high visibility and access off Martin Luther King Jr Blvd, a major arterial corridor in Fort Walton Beach that connects with some of the area’s top employers. Built in 1992, Commando Village offers the investor an asset with massive floorplans, home-like amenities, and a proven value add campaign. The property currently operates under a ground lease set to expire in 2051, but there is high renewal potential.
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Under Contract
Commando Village
300 Units
302 Blessinger Drive
Fort Walton Beach, FL  32547
Posted: 1/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 332-unit Devonshire Place apartment community located in Birmingham, Alabama. The Birmingham metro has constituted nearly 1/3 of the state’s job growth since 2015, and is an economic powerhouse. Devonshire Place, located just east of Pinson Valley Parkway, sits across the street from Jefferson State CC (9,000 enrollees) and in close proximity to the Pinson Valley industrial corridor, Birmingham’s largest distribution and manufacturing hub. Built in 1974, Devonshire Place offers the investor an attractive unit mix (50% townhomes) with in-place value add potential.
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Marketing
Devonshire Place
332 Units
2349 8th St NW
Birmingham, AL  35215
Type: Conventional
Posted: 2/16/2018
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
Posted: 5/31/2018