Wednesday, October 21, 2009

Charleston, SC Apartment Community Listed for $23M




ATLANTA, GA--Engler Financial Group, in conjunction with One Eleven Partners, is proud to present Sabal Palms, (top right photo)  a 300 unit class “A-” apartment community located in the West Ashley submarket of Charleston, South Carolina.

The West Ashley area of Charleston is a rapidly growing community with outstanding access to all points of the Charleston metropolitan area via several main transportation arteries.

Sabal Palms is being offered with an asking price of $23,000,000, $76,667 per unit, or $80 per square foot and represents an outstanding opportunity to purchase a stable cash-flowing asset with attractive investment returns at a deep discount to replacement cost.

The asset is being offered free and clear, providing an excellent opportunity for a new buyer to obtain attractive fixed or floating rate agency financing.

Contacts;
Greg Engler, 678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, 678/992-2000, ext. 3, kmikkelsen@efgus.com
Chris Yeagle, 843/471-2520, chris@111partners.com

No comments:

Post a Comment