Charlotte Office

Refine Your Search

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 41-unit 612 Hillsborough apartment community located in Chapel Hill, North Carolina. This asset is located strategically in the center of Chapel Hill, an integral part of the rapidly expanding Research Triangle. Residents of 612 Hillsborough have convenient access to the largest employment/education hubs in the area, including UNC, Duke University, and Research Triangle Park. The asset is also short distance away from many shopping, dining, and entertainment options. Built in 1967, 612 Hillsborough offers an outstanding opportunity to invest in an exceptional asset in the thriving Chapel Hill area. New ownership can implement the proposed value-add initiative by renovating all 40 two-bedroom units to achieve $100 premiums and an ROI of 24%.
...
612 Hillsborough
Offers Due:  Tuesday, December 7, 2021
41 Units
612 Hillsborough Street
Chapel Hill, NC
Type: Conventional
Posted: 11/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, 1979-built Aven apartments in Durham, NC. The property is ideally located in the heart of the Research Triangle, home to over 300 companies employing more than 50,000 workers including 2 recent announcements of Google and Apple establishing offices in the area. Raleigh-Durham is 2021’s top market for Multi-family acquisition and Aven is primed to capitalize on impressive rent growth, superb demographics, robust economic activity, and seamless access to the area’s premier employment, retail, and dining destinations by way of Interstate-54, the Triangle Expressway, and Interstate 40. With little deferred maintenance and a proven interior renovation program, new ownership will be uniquely positioned to complete the in-place program generating $90-$160 premiums.
...
Under Contract
Aven Apartments
144 Units
3207 Stonesthrow Lane
Durham, NC  27713
Type: Conventional
Posted: 7/19/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 107-unit, Azalea Park apartment community located in Durham, NC. Built in 1973 and revamped in 2006, this asset is strategically located near Interstate 85, with easy access to nearby top employers and a vast selection of retail and entertainment options. The property has received over $1M in capital improvements since 2017 and incoming investors can capitalize on Azalea Park’s value-add potential as submarket rents continue to rise in response to Durham and the NC Triangle’s strong economic growth. As Downtown Durham continues to revitalize its infrastructure, this quality asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.
...
Under Contract
Azalea Park
108 Units
2105 Bogarde Street
Durham, NC  27705
Posted: 6/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 72-unit Bearfoot Landing apartment community located in New Bern, NC. This asset is desirably located in the heart of New Bern, NC, where residents are within walking distance of the waterfront and are short drive away from 2 major shopping destinations. Several large employers, such as MCA Cherry Point, Fleet Readiness Center East, and Carolina East Health System are located in New Bern and contribute greatly to the area’s economy. Built in 1945, Bearfoot Landing offers an outstanding opportunity to inherit a well-maintained asset with 8 units coming back online with high end finishes that will generate an additional $103k in annual revenue.
...
Bearfoot Landing
72 Units
1350 Trent Boulevard
New Bern, NC  28560
Posted: 10/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 110-unit Bellingham Park condominium community located in Wilmington, NC, the 3rd fastest growing city in the state. The offering is for 110 units out of the total 284-unit Bellingham Park community. Built in 2006/2012, Bellingham Park is a strong performing asset with excellent occupancy and rent growth trends. Wilmington is experiencing significant population growth due to in-migration accelerated by the pandemic, as remote workers love the affordable beach lifestyle and beautiful scenery that the North Carolina coast has to offer. Impressive leasing trends are expected to continue with Wilmington ranking top 20 city in the United States for in-bound population growth in 2020 contributing to the impressive 8.5% rent growth in the market over the past year. Incoming investors can capitalize on strong market fundamentals by completing the in-place value-add program that will generate $111K in annual revenue yielding a 14.5% boost to NOI.
...
Under Contract
Bellingham Park
110 Units
1522 Cadfel Court
Wilmington, NC  28412
Type: Conventional
Posted: 6/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 137-unit Bramar Gardens apartment community located in Charlotte, NC. Built in 1968, the property is poised to benefit from the area’s limited pipeline and consistent demand. Increased population, rising income, and skyrocketing home values bolster the area’s strong fundamentals, providing confidence impressive growth trends will continue. Just off I-85, the property provides residents direct access to popular retail and entertainment as well as the city’s largest employment hubs, University City and Uptown. With nearby competitors providing substantial rent headroom, Bramar Gardens offers incoming ownership the opportunity to boost annual NOI by more than $416,000 through execution of a market-supported value-add platform.
...
Bramar Gardens
Offers Due:  Thursday, December 9, 2021
137 Units
3100 Southwest Blvd
Charlotte, NC  28216
Type: Conventional
Posted: 11/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 76-unit Chapman Pointe apartment community located in Dallas, North Carolina (Gastonia). Built in 1999, the property is situated just north of the newly widened I-85, US-321 Interchange, and is poised to benefit from the rise in population anticipated from the infrastructure improvements. Gaston County has emerged as a location of choice for foreign investments in advanced manufacturing, serving as the key driver for some of the strongest rent gains in the metro. The growing demand of Gastonia paired with muted supply in 2020 poises the property for consistent returns and an opportunity to boost annual NOI by $160,000 through continuing the in-place value add program (14% renovated).
...
Under Contract
Chapman Pointe
76 Units
500 Chapman Pointe Circle
Dallas, NC  28034
Posted: 7/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 256-unit Dwell at Greenridge apartment community located in the prestigious submarket of North Charleston, SC. This asset is situated in a highly sought-after area, perfectly located between Charleston and two of South Carolina’s largest manufacturers (Boeing and Volvo), boasting over 35k+ jobs within 3 miles and unmatched lifestyle amenities, including direct access to top tier retail and the Charleston International Airport. Built in 1980, Dwell at Greenridge represents an outstanding opportunity to invest in a high growth southeastern market benefiting from proximity of top employers, sizable tourism, and local pricing, while offering an unprecedented value add opportunity commanding average premiums of $209.
...
Under LOI
Dwell at Greenridge
256 Units
7910 Crossroads Drive
North Charleston, SC  29406
Type: Conventional
Posted: 9/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 354-unit, Foxfire apartment community located in Durham, NC. Strategically located in North Durham, Foxfire enjoys easy access to nearby top employers and a vast selection of retail and entertainment options. Incoming investors can capitalize on Foxfire’s value-add potential as submarket rents continue to rise in response to Durham and the NC Triangle’s strong economic growth. As Downtown Durham continues to revitalize its infrastructure, this quality asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.
...
Under Contract
Foxfire
354 Units
1400 Wyldewood Road
Durham, NC  27704
Type: Conventional
Posted: 7/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Gates at Summerville, a 232-unit apartment community located in bustling Summerville, South Carolina. This asset sits immersed in one of the most desirable submarkets in Charleston. With 66% white collar population, an avg. HHI set to eclipse $105k in 2025, access to the #1 school district, and in close to proximity to major employment nodes, Gates at Summerville is primed to benefit from this windfall. Built in 1979, this property provides investors with the opportunity to acquire a well maintained asset primed for a strategic value add program. Through a $9,200/unit renovation focused on interior revitalization and the addition of washers/ dryers new ownership can command monthly rent premiums in excess of $280. This represents a 26% return on investment.
...
Under LOI
Gates at Summerville
232 Units
1225 Boone Hill Road
Summerville, SC  29483
Type: Conventional
Posted: 9/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit Granby Crossing apartment community located along the Congaree River in bustling Cayce, SC. The property is situated across the river from the rapidly expanding downtown, Columbia, characterized by its young and affluent demographic base with a 61% white collar population, high HHI growth (14%), and exceptional projected rent growth (19%) through 2026. Located in Lexington County, the property is also surrounded by an abundance of outdoor recreational opportunities, including waterfront activities and an outdoor amphitheater, and a surplus of jobs less than a mile away in downtown. Still under the same ownership as when built in 1990, Granby Crossing represents a unique investment opportunity to complete Class A renovations on all units and command average premiums of $276, aligning the asset with top submarket competitors.
...
Under Contract
Granby Crossing
168 Units
100 Granby Crossing
Cayce, SC  29033
Type: Conventional
Posted: 9/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit, Hudson Montford apartment community, a one-of-a-kind, core plus asset immersed in the heart of in-town living. The asset is located in the epicenter of Montford Park, Charlotte’s next core micro market exploding with commercial development and characterized by an affluent resident base ($137,000 avg. HHI), skyrocketing home values ($514,000 MHV), and Charlotte’s premier employment hubs with 195,000 jobs within a 15-minute drive. Built in 1999, Hudson Montford recently received a $6.3M capital infusion - creating thoughtfully reimagined interiors and an upgraded amenity package to match. While these upgraded interiors already rival the submarket’s best, new ownership still has the opportunity to implement a niche, luxury finish package that would differentiate Hudson Montford as the submarket’s crown jewel asset. These exquisite upgrades coupled with an average floorplan size 200+ square feet larger than neighboring infill submarkets provide new ownership a unique opportunity to close the $200 rent gap to nearby competitors as well as the $425 rent gap to the neighboring submarket of South End.
...
Under Contract
Hudson Montford
204 Units
1420 Estates Avenue
Charlotte, NC  28209
Type: Conventional
Posted: 9/2/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit, Latitude at West Ashley. The property, built in 1968 and 1973, is located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston and other major employment centers. Latitude at West Ashely is positioned off Sam Rittenberg Blvd and is set to continue pulling from a demographic defined by disposable income with white collar jobs. Current ownership has spent a significant amount of targeted capital infusion on the exterior and amenities, allowing the new buyer to focus on interior upgrades. Latitude at West Ashley offers new ownership the opportunity to complete and enhance the in-place value-add program to bridge the $360 avg rent gap from market competitors.
...
Under LOI
Latitude at West Ashley
312 Units
1735 Ashley Hall Road
Charleston, SC  29407
Type: Conventional
Posted: 9/16/2021