Nashville Office

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 88-unit 18Thirty apartment community located in Madison, Davidson County, Tennessee. This asset is situated in the rapidly-expanding suburban neighborhood of Madison, in northeast Nashville, surrounded by growth and expansion including the multi-billion dollar East Bank revitalization projects. Built in 2001 and renovated in 2017, 18Thirty represents an outstanding opportunity for new ownership to invest in a property that can achieve $120+ rent premiums through a light value-add program. Strategically located just minutes from I-65, residents of 18Thirty benefit from proximity to Nashville’s thriving economy and continued job growth which includes the recently announced LG Chem plant (860 jobs), Oracle campus (8,500 jobs), and Ultium Cells (400 jobs).

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Arrowood Farms, a 181-unit, 2023-built townhome community, recently stabilized, located in desirable Clarksville, TN. Thanks to affordable housing, high quality of life, and a thriving economy, Clarksville was recently named the hottest city for relocations. Supporting Clarksville are multiple expansion announcements, including LG Chem’s investment in a $3.2B manufacturing plant, creating 860 jobs with the 2nd largest business investment in state history. Home to the 2nd largest military base in the U.S, the booming Clarksville market also benefits from its one hour proximity to Nashville.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 69-unit Autumn Chase apartment community located in Goodlettsville, Davidson County, Tennessee. This asset is situated in the strategically-located Goodlettsville suburb just ~15 miles northeast of downtown Nashville on Interstate 65, with a 15-minute drive from Nashville International Airport, and within a day’s drive to two-thirds of the country. Major corporations have made Goodlettsville their home including Tyson Foods (1,993 employees) and Dollar General HQ (1,374 employees). Built in 1971/2022, Autumn Chase represents a strong performing asset that offers an outstanding value-add opportunity with current rents seeing $140+ in renovation premiums.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 15.10-acre Brentwood Multifamily Development Site in Nashville, TN. The site is entitled by-right for multifamily and fully designed with permits in hand for 233 apartment units across six 4 and 4/5 split-story buildings. The majority of sitework has already been completed, giving the future developer a jump start on the project. Centrally located between highly desirable Nashville, Brentwood, Antioch, and Nolensville, future residents will enjoy easy commutes to these nearby employment and lifestyle centers. Within a 5-minute drive of the site are 2 Krogers, 2 Walmarts, 2 Walgreens, a Sprouts, a Publix, and more. The greater Nashville multifamily market is one of the hottest markets in the country, with average Class A rents expected to exceed $2K by the end of 2023. The Brentwood Multifamily Development Site presents a unique opportunity to promptly go vertical on a top-tier site in a premium suburban Nashville market.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 97-unit Gardens at Knoxwood apartment community located in Knoxville, Knox County, Tennessee. This asset is situated in the scenic East Knoxville submarket, a highly accessible location south of Interstate 40 with quick access to Downtown Knoxville (3 miles) and The University of Tennessee. Built in 1969 and renovated in 2023, Gardens at Knoxwood offers an outstanding value-add opportunity seeing $150+ in rent premiums with the ability to achieve additional premiums through full-scale renovations. Residents of Gardens at Knoxwood have direct access to key Knoxville employers including the University of Tennessee Medical Center, the U.S. Dept. of Energy at Oak Ridge, and Knox County Schools.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 193-unit Midtown Ridge apartment community located in Chattanooga, Hamilton County, Tennessee. Situated in the thriving, highly desirable Brainerd neighborhood, Midtown Ridge is surrounded by top retail, restaurants, and local parks alongside the Eastgate Town Center. When combined with quick access to I-24 and I-75, Midtown Ridge offers unrivaled access to all sides of the city. A 1986-built asset, Midtown Ridge is an opportunity to invest in a highly capitalized property with even greater potential through value-add. This opportunity is bolstered by recent job announcements in the area, including SK Foods, Qcells, Volkswagen, and Bridgestone Americas.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 121-unit North Park apartment community located in Knoxville, Tennessee, within Knox County. This asset is situated in the strategically-located area of northwest Knoxville with direct access to the University of Tennessee and North Knoxville Medical Center. Built in 1970, North Park offers an outstanding value-add investment opportunity to meet growing market demand. North Park has seen many significant capital expenditure projects since 2021; current ownership has invested over $675K into the property through exterior and interior upgrades.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Dylan, a 152-unit apartment community located in Murfreesboro, Rutherford County, Tennessee. This asset is situated in the premier Murfreesboro suburb just 35 miles southeast of downtown Nashville on Interstate 24, a 10-minute drive to Middle Tennessee State University, and moments from the areas top employers, including Rutherford County Government (7,000 jobs), Nissan North America (7,000 jobs), and Amazon (2,000 jobs). Built in 1985, The Dylan represents a highly capitalized property that has seen $2.7M+ in capital expenditures by the current owner. This strong performing asset offers an outstanding value-add opportunity by continuing the current program and adding higher-end interior upgrades. With current income to rent ratio at the property of 4.00x ($63k mean income) – these tenants qualify for rents $400+ above the current leased average, which provides additional rental upside for the next owner.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Element, a 148-unit apartment community located in Clarksville, Montgomery County, Tennessee. Home to the 2nd largest military base in the U.S, the booming Clarksville market also benefits from being a close outlet to Nashville. Built in 2007 and renovated in 2022, The Element offers an outstanding proven-value opportunity and is just moments from top employers, the Wilma Rudolph shopping corridor, Austin Peay State University, and Fort Campbell.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Hub at Mountcastle, a 63-unit fully-repositioned apartment community located in Johnson City, Washington County, Tennessee. Built in 1980 and completely gut-renovated in 2023, this unique asset boasts all new features including stainless steel appliances and quartz countertops while offering residents a top-notch amenity package including a swimming pool and 24-hour fitness center. The property is ideally situated, providing convenient access along I-26 to major employers and minutes from a plethora of notable restaurants and big box retailers. With extremely limited new built competition, The Hub at Mountcastle represents an outstanding investment opportunity in a quality asset with significant rental runway in a proven high growth submarket.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 38.69-acre The Landing at Beaver Creek Multifamily Development Site in Powell (Knoxville), TN. The site is fully entitled and designed for 226 units, with plans calling for a mix of garden apartment and rental townhome product. Land disturbance and NPDES permits have already been pulled. Powell is a quaint suburb in north Knoxville with all the conveniences of the city. K-12 public schools, grocery options, and abundant national retailers are all within an easy 5-minute drive of the site. Additionally, Downtown Knoxville and the University of Tennessee are reachable within a quick 15-minute drive, making the site a great location for students and downtown employees to call home in the future. The Landing at Beaver Creek Multifamily Development Site offers an exciting opportunity to expediently break ground in one of the strongest secondary markets in the Southeast.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 257-unit The Park at Fountain City apartment community located in Knoxville, Tennessee, within Knox County. This asset is situated in the strategically-located area of north Knoxville. Built in 1971, The Park at Fountain City represents an outstanding value-add investment opportunity to meet growing market demand. The Park at Fountain City has seen numerous significant capital expenditure projects since 2021; current ownership has invested over $1.4M into the property through exterior and interior upgrades.