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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 511 Queens, a 64-unit boutique apartment community located in Charlotte’s affluent submarket of Myers Park. The walkable neighborhood is defined by upscale retail, trendy restaurants, and is one of the most sought-after residential submarkets in the Southeast. Myers Park is nestled between Uptown, the vibrant downtown employment district offering 116,000+ jobs, and SouthPark, a premier infill live-work-play destination. It is also moments from the city’s largest hospitals of Novant and Atrium, creating 32,000+ total jobs. Propelled by luxurious best-in-class features and a distinguished presence along Queens Road, 511 Queens arrives nearing stabilization after a rapid lease-up with strong in-place rents. With stabilization imminent, investors are ideally positioned to realize embedded rent growth driven by the continuation of proven lease-up concession burn off, attractive fundamentals highlighted by blue-chip renter profiles, and catalyzing new development surrounding Myers Park, positioning 511 Queens as Charlotte’s premier boutique asset.
Under Contract
511 Queens
64 Units
511 Queens Road
Charlotte, NC  28207
Type: Conventional
Posted: 12/18/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 204-unit, Cypress Run apartment community located in Columbia, SC. Embedded off of I-26 between Downtown Columbia and one of the largest retail corridors, Harbison Boulevard, Cypress Run sits near the top employment centers in the area. In addition, Cypress Run’s submarket is primed for further growth with top submarket rankings in effective rent growth (5.10%) and concession values in the first quarter of 2019. The asset also offers the chance to boost NOI by 32% with 99% of unit interiors left to be renovated and bring with market comparables that are averaging effective rents $100 - $170 higher.
Under LOI
Cypress Run
204 Units
3430 Broad River Road
Columbia, SC  29210
Type: Conventional
Posted: 9/4/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 353-unit Peppertree apartment community located in North Charleston, South Carolina. The asset is situated off Dorchester Road in close proximity to the top employment drivers in North Charleston where large investments have continually been made to expand and strengthen the Charleston job market. Built in 1983/1989, Peppertree offers an outstanding opportunity to see a 25% Return on Investment by completing the in-place value-add program, with 83% of units left to renovate generating proven premiums of $160. Peppertree also offers potential investors attractive assumable in-place agency financing with a low interest rate.
Under LOI
353 Units
4640 Forest Hills Drive
North Charleston, SC  29418
Type: Conventional
Posted: 3/11/2020