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Arcadia Station Lofts 1875 Hayne St 95 Unité Immeuble d’appartements 29 082 350 $ CAD (306 130 $ CAD/Unité) 5,23% Taux de capitalisation Spartanburg, SC 29301
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Premier Adaptive Reuse Development: A distinctive project blending historic charm.
- Prime Location in a High-Growth Market: Strategically positioned to capitalize on a thriving, rapidly expanding region.
- Strong Market Fundamentals: Supported by robust demographics and a dynamic, high-demand economic landscape.
- Significant Tax Advantages via Bailey Bill: Unlock enhanced cash flow through substantial tax incentives, optimizing financial returns.
- Value-Add Opportunities: Untapped potential for rental rate increases and operational efficiencies to maximize profitability.
- Compelling Seller Financing Terms
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to present Arcadia Station Lofts, a distinguished 95-unit premier adaptive reuse multifamily community in the vibrant Arcadia submarket of Spartanburg, South Carolina. Originally constructed in 1902 as a cornerstone of the region’s historic textile industry, this iconic mill underwent a meticulous $8M+ redevelopment in 2019, transforming it into a premier adaptive reuse asset. Seamlessly blending history with modern sophistication.
While the redevelopment of Arcadia Station Lofts is complete, attractive value-add opportunities persist through strategic rent increases and slight enhanced operational efficiencies. The property further benefits from a significant tax abatement under Spartanburg County’s Bailey Bill, locking in reduced property taxes for an additional 12 years and delivering robust cash flow advantages for investors.
Located in close proximity to downtown Spartanburg, Arcadia Station is positioned within a strong and growing economic corridor. The surrounding area boasts a robust demographic profile, with an average household income of $64,386, projected to grow to $70,338 within the next five years. This upward trend, coupled with rising average age of US homebuyers (now 38 years old), continues to fuel increased demand for quality rental housing.
Arcadia Station also benefits from its location near some of the region’s largest and most stable employers. The nearby employment base includes BMW, Spartanburg Regional Healthcare System, Michelin, Milliken & Company, Denny’s, Wofford College and Converse University – collectively supporting a workforce of over 29,000 individuals.
While the redevelopment of Arcadia Station Lofts is complete, attractive value-add opportunities persist through strategic rent increases and slight enhanced operational efficiencies. The property further benefits from a significant tax abatement under Spartanburg County’s Bailey Bill, locking in reduced property taxes for an additional 12 years and delivering robust cash flow advantages for investors.
Located in close proximity to downtown Spartanburg, Arcadia Station is positioned within a strong and growing economic corridor. The surrounding area boasts a robust demographic profile, with an average household income of $64,386, projected to grow to $70,338 within the next five years. This upward trend, coupled with rising average age of US homebuyers (now 38 years old), continues to fuel increased demand for quality rental housing.
Arcadia Station also benefits from its location near some of the region’s largest and most stable employers. The nearby employment base includes BMW, Spartanburg Regional Healthcare System, Michelin, Milliken & Company, Denny’s, Wofford College and Converse University – collectively supporting a workforce of over 29,000 individuals.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
FAITS SUR LA PROPRIÉTÉ
| Prix | 29 082 350 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 306 130 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 14,66 AC |
| Taux de capitalisation | 5,23% | Taille du bâtiment | 200 000 pi² |
| Nombre d’unités | 95 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 2019 |
| Sous-type de propriété | Appartement |
| Prix | 29 082 350 $ CAD |
| Prix par unité | 306 130 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,23% |
| Nombre d’unités | 95 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 14,66 AC |
| Taille du bâtiment | 200 000 pi² |
| Nombre d’étages | 2 |
| Année de construction | 2019 |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Lave-vaisselle
- Traitement des déchets
- Micro-ondes
- Connexions pour laveuse/Sécheuse
- Ventilateurs de plafond
- Cuisine
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Fourchette
- Bain/Douche
- Wi-Fi
COMMODITÉS DU SITE
- Accès 24 heures
- Clubhouse
- Piscine
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 10 | - | 893 |
| 2+1 | 24 | - | 1 108 |
| 2+2 | 59 | - | 1 511 |
| 3+2 | 2 | - | 1 510 |
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Impôts fonciers
| Numéro de lot | 6-17-00-043.02 | Évaluation des bâtiments | 9 378 $ CAD |
| Évaluation du terrain | 12 041 $ CAD | Évaluation totale | 21 419 $ CAD |
Impôts fonciers
Numéro de lot
6-17-00-043.02
Évaluation du terrain
12 041 $ CAD
Évaluation des bâtiments
9 378 $ CAD
Évaluation totale
21 419 $ CAD
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Arcadia Station Lofts | 1875 Hayne St
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