Multifamily Investment Opportunity Greenville / Spartanburg MSA 4 Apartment Communities 404 Units

Transcription

1 Commercial Real Estate Services, Worldwide. Multifamily Investment Opportunity Greenville / Spartanburg MSA 4 Apartment Communities 404 Units VILLAGE PARK APARTMENTS 110 Village Park Drive Simpsonville, SC ADDISON TOWNHOMES 104 Watson Road Taylors, SC VALLEY CREEK APARTMENTS 9085 Fairforest Road Spartanburg, SC TIMBERCREEK APARTMENTS 501 Camelot Drive Spartanburg, SC 29301

2 OFFERING SUMMARY OFFERING Valley Creek Apartments 9085 Fairforest Road Spartanburg, SC Village Park Apartments 110 Village Park Drive Simpsonville, SC Timbercreek Apartments 501 Camelot Drive Spartanburg, SC Addison Townhomes 104 Watson Road Taylors, SC OFFER SUBMISSION Offers will be considered on the portfolio and on an individual basis. Please submit offers directly to Tony Bonitati, Kay Hill, Bern DuPree or Gwinna Cahal. PROPERTY VISITS Interested parties are required to schedule property tours directly through NAI Earle Furman. Under no circumstances should the property or seller be contacted directly. Please contact one of our Brokers to schedule a tour. DEBT PARAMETERS Debt Assumption SALE PRICE To Be Determined By Market CALL FOR OFFERS DATE September 19, 2017 Tony Bonitati NAI Earle Furman, LLC tonyb@naief.com Bern DuPree NAI Earle Furman, LLC bdupree@naief.com Kay Hill NAI Earle Furman, LLC khill@naief.com Gwinna Cahal NAI Earle Furman, LLC gcahal@naief.com 2 OFFERING SUMMARY

3 AERIAL MAP OF PROPERTIES 1. Valley Creek Apartments 9085 Fairforest Rd., Spartanburg, SC Timbercreek Apartments 501 Camelot Dr., Spartanburg, SC Village Park Apartments 110 Village Park Dr., Simpsonville, SC Addison Townhomes 104 Watson Rd., Taylors, SC OFFERING SUMMARY

4 1 VALLEY CREEK - SPARTANBURG SITE ADDRESS Address 9085 Fairforest Road City / State Spartanburg, SC County Spartanburg County Size / Density PROPERTY SUMMARY Number of Units 102* Year Built 1973 Number of Buildings 7 Buildings Stories Net Rentable Area 7.95 Acres / Unit per Acre Location Located off Business I-85 and near I-26 Traffic Counts 3 Stories 105,840 SF Average Unit Size 1,038 SF * 12 Units are currently offline due to fire damage. PARKING Fairforest Rd & Cleveland St: 8,049 VPD I-85 & Fairforest Rd: 32,461 VPD 300 free surface spaces are available; 2.9 per unit. UNIT MIX Unit Type Units Avg SF Rent/Unit Rent/SF 1 Bed / 1 Bath $574 $ Bed / 1.5 Bath 60 1,050 $669 $ Bed / 2 Bath 21 1,200 $774 $0.65 Totals/Average 102 1,038 $671 $0.65 UNIT AMENITIES Decorative Crown Molding Balcony/Patio Washer Dryer Connections Linen Closet Fully Equipped Kitchens Dining Area Breakfast Bar Spacious Closets Garbage Disposal Ceramic Tile Flooring Crown Molding New Windows New Roofs SITE AMENITIES Swimming Pool Fitness Center Picnic Area Playground Clubhouse Car Care Center Outdoor Grill Storage Units Self Service Laundry New Vinyl Siding Near I-26 to I-85 Great School District 5 minutes to Downtown Spartanburg 4 MARKET

5 1 VALLEY CREEK 5 MARKET

6 2 TIMBERCREEK APARTMENTS - SPARTANBURG SITE ADDRESS Address 501 Camelot Drive City / State Spartanburg, SC County Spartanburg County Size / Density Location Traffic Counts PROPERTY SUMMARY Number of Units 116 Year Built 1979 Year Renovated 2007 Number of Buildings 11 Buildings Stories 2 Stories Net Rentable Area Average Unit Size Acres / 6.23 Unit per Acre On Camelot Dr. between John B White Sr. Blvd. and W.O. Ezell Blvd. Camelot Drive: 13,874 VPD Ezell Blvd & Camelot Dr: 29,498 VPD 117,632 SF 1,014 SF PARKING 250 free surface spaces are available; 2.2 per unit. UNIT MIX Unit Type Units Avg SF Rent/Unit Rent/SF 1 Bed / 1 Bath $634 $ Bed / 1.5 Bath 64 1,062 $729 $ Bed / 2 Bath 20 1,280 $834 $0.65 Totals/Average 116 1,014 $721 $0.71 UNIT AMENITIES New Insulated Windows Crown Molding Fully Equipped Kitchens Separate Dining Room Ceiling Fans Mini Blinds New Ceramic Tile Flooring Garbage Disposal Wheelchair Accessible Dishwasher Walk-in Closets Pantry SITE AMENITIES Swimming Pool Clubhouse Playground On-Site Property Manager Business Center Outside Storage BBQ Grill Self Service Laundry Beautifully Wooded Landscaping Convenient Westside Location Minutes to I-85 and I-385 Great School District 3 Minutes to Westgate Mall and Dorman Centre 6 MARKET

7 TIMBERCREEK APARTMENTS 7 MARKET

8 3 VILLAGE PARK - SIMPSONVILLE SITE ADDRESS Address 110 Village Park Drive City / State Simpsonville, SC County Greenville County Size / Density PROPERTY SUMMARY Number of Units 132 Year Built 1976 Number of Buildings 15 Buildings Stories Net Rentable Area Average Unit Size 10.6 Acres / Units per Acre Location Near Main Street & I-385 Traffic Counts E Curtis St: 13,100 VPD I-385 & W Curtis Rd: 64,400 VPS 2 Stories 119,674 SF 955 SF PARKING 280 free surface spaces are available; 2.1 per unit. UNIT MIX Unit Type Units Avg SF Rent/Unit Rent/SF 1 Bed / 1 Bath $679 $ Bed / 2 Bath 112 1,000 $779 $0.78 Totals/Average $764 $0.80 UNIT AMENITIES Washer/Dryer Connections Balcony Patio Fully Equipped Kitchens Window Coverings Hardwood Floors SITE AMENITIES Picnic area BBQ Grill Pool Property Manager on Site Maintenance on Site Convenient to Brasher Campus Steps away to Downtown Simpsonville Easy Access to I-385 Car Wash Area 8 MARKET

9 VILLAGE PARK 9 MARKET

10 4 ADDISON TOWNHOMES - TAYLORS SITE ADDRESS Address Number of Units 54 Year Built 1978 Number of Buildings 4 Buildings Stories Net Rentable Area Average Unit Size PARKING 104 Watson Road City / State Taylors, SC County Size / Density Location PROPERTY SUMMARY Greenville County 1.61 Acres / Units per Acre Wade Hampton Blvd: 34,800 VPD Rutherford Rd & Watson Rd: 13,100 VPD 2 Stories 46,300 SF 855 SF 96 free surface spaces are available; 1.8 per unit. UNIT MIX Unit Type Units Avg SF Rent/Unit Rent/SF 1 Bed / 1 Bath $719 $ Bed / 1.5 Bath $819 $ Bed / 1.5 Bath 6 1,048 $899 $0.86 Totals/Average $804 $0.94 UNIT AMENITIES Fully Renovated Kitchens Eat-in Kitchen Washer/Dryer Connections Balcony Decorative Crown Molding Granite Countertops Ceramic Tile Flooring Dine-in Kitchen Walkin Closets Linen Closet New Appliances Hardwood Floors SITE AMENITIES Property Manager on Site On Site Maintenance Awardnning School District BBQ Area Excellent Location Minutes from Downtown Greenville 1 Bedroom Garden Apartments 2 & 3 Bedroom Townhomes 10 MARKET

11 ADDISON TOWNHOMES 11 MARKET

12 MULTIFAMILY TEAM Tony Bonitati Shareholder / Broker tonyb@naief.com Kay Hill Shareholder / Broker khill@naief.com Bern DuPree Broker bdupree@naief.com Gwinna Cahal Broker gcahal@naief.com 12 TEAM