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Lakeland Town Square Phase II 4815 Market Green Pl W 121 Unité Immeuble d’appartements 50 590 801 $ CAD (418 106 $ CAD/Unité) Lakeland, TN 38002
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- OM and financials available on property website
- Call For Offers: July 31
- Call listing agent Lea Heilig at 901-767-1998 for more information
Résumé de l'annonce
PRINCIPALS ONLY | STRUCTURED CALL FOR OFFERS
LAKELAND TOWN SQUARE - Phase II
Institutional-Quality Mixed-Use Community I 2024 Delivery
121 Luxury Residences
23,400 SF Retail
Exclusive Forward Purchase Opportunity - Future Phase III
?$36,000,000 I $297,000/Unit
A+ Suburban Location I Lakeland, TN I Memphis MSA
?95% Multifamily Leased
93% Retail Leased *
Pro Forma NOI: $2,160,000
Pro Forma Cap: 6.0%
?* One retail lease out for signature
INVESTMENT HIGHLIGHTS
Institutional-Quality Mixed-Use Community – Newly constructed 121-unit Class A apartment community delivered in 2024 within Lakeland Town Square, a premier 40-acre mixed-use development located in one of the Memphis MSA's fastest-growing suburban markets.
Exclusive Forward Purchase Opportunity – Seller intends to offer the purchaser of Phase II the opportunity to negotiate a forward purchase of the fully entitled 51-unit Phase III, creating a contiguous 172-unit institutional-quality community under common ownership.
Strong Leasing Momentum – 94% multifamily leased and 93% retail leased, with one additional retail lease currently out for signature, further advancing stabilization.
Operational Scale Advantage – Phase III is designed to leverage the existing payroll, leasing, marketing, amenities and management platform, creating operating efficiencies not achievable by a standalone 51-unit community.
Premier Lakeland Location – Located in one of the Memphis MSA's fastest-growing suburban markets with immediate access to major employment centers, exceptional demographics, highly rated schools and limited new multifamily supply.
Embedded Portfolio Expansion – Seller intends to commence construction of the fully entitled Phase III in Q3 2026, providing the purchaser an opportunity to expand an existing investment without entitlement or vertical development responsibilities.
OFFERING PROCEDURE
Property Tours: By Appointment Only
Scheduled Tour Dates:
July 21 – 24
July 27 – 28
Call For Offers: July 31
Qualified principals are invited to submit offers as part of a structured Call for Offers process.
LAKELAND TOWN SQUARE - Phase II
Institutional-Quality Mixed-Use Community I 2024 Delivery
121 Luxury Residences
23,400 SF Retail
Exclusive Forward Purchase Opportunity - Future Phase III
?$36,000,000 I $297,000/Unit
A+ Suburban Location I Lakeland, TN I Memphis MSA
?95% Multifamily Leased
93% Retail Leased *
Pro Forma NOI: $2,160,000
Pro Forma Cap: 6.0%
?* One retail lease out for signature
INVESTMENT HIGHLIGHTS
Institutional-Quality Mixed-Use Community – Newly constructed 121-unit Class A apartment community delivered in 2024 within Lakeland Town Square, a premier 40-acre mixed-use development located in one of the Memphis MSA's fastest-growing suburban markets.
Exclusive Forward Purchase Opportunity – Seller intends to offer the purchaser of Phase II the opportunity to negotiate a forward purchase of the fully entitled 51-unit Phase III, creating a contiguous 172-unit institutional-quality community under common ownership.
Strong Leasing Momentum – 94% multifamily leased and 93% retail leased, with one additional retail lease currently out for signature, further advancing stabilization.
Operational Scale Advantage – Phase III is designed to leverage the existing payroll, leasing, marketing, amenities and management platform, creating operating efficiencies not achievable by a standalone 51-unit community.
Premier Lakeland Location – Located in one of the Memphis MSA's fastest-growing suburban markets with immediate access to major employment centers, exceptional demographics, highly rated schools and limited new multifamily supply.
Embedded Portfolio Expansion – Seller intends to commence construction of the fully entitled Phase III in Q3 2026, providing the purchaser an opportunity to expand an existing investment without entitlement or vertical development responsibilities.
OFFERING PROCEDURE
Property Tours: By Appointment Only
Scheduled Tour Dates:
July 21 – 24
July 27 – 28
Call For Offers: July 31
Qualified principals are invited to submit offers as part of a structured Call for Offers process.
Faits sur la propriété
| Prix | 50 590 801 $ CAD | Classe d’immeuble | A |
| Prix par unité | 418 106 $ CAD | Taille du lot | 32,60 AC |
| Type de vente | Investissement | Taille du bâtiment | 150 000 pi² |
| Nombre d’unités | 121 | Occupation moyenne | 84% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 3 |
| Sous-type de propriété | Appartement | Année de construction | 2024 |
| Style d’appartement | De faible hauteur | ||
| Zonage | CA | ||
| Prix | 50 590 801 $ CAD |
| Prix par unité | 418 106 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 121 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | A |
| Taille du lot | 32,60 AC |
| Taille du bâtiment | 150 000 pi² |
| Occupation moyenne | 84% |
| Nombre d’étages | 3 |
| Année de construction | 2024 |
| Zonage | CA |
Commodités
Commodités des unités
- Climatisation
- Laveuse/Sécheuse
- Chauffage
- Ventilateurs de plafond
- Cuisine
- Comptoirs de granit
- Électroménagers en acier inoxydable
- Fourchette
- Bain/Douche
- Tapis
- Wi-Fi
- Îlot de cuisine
Commodités du site
- Accès 24 heures
- Accès contrôlé
- Centre de conditionnement physique
- Piscine
- Gestionnaire d'immeuble sur place
- Collecte d'ordures - porte à porte
- Pistes cyclables/Piétonnières
- Wi-Fi
- Espace d'entreposage
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 60 | - | 631 - 850 |
| 2+2 | 61 | - | 918 - 1 117 |
Inaccessible à pied
10/100
Exceptionnellement adapté aux voitures
90/100
Inaccessible en vélo
10/100
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Vidéos
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Photos
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Rue
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Présenté par
Lakeland Town Square Phase II | 4815 Market Green Pl W
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