Skip to main content

Multifamily

Westfield Gardens

345 Community Drive, Lexington, SC 29073

Listing Price: Request For Offer

Number of Units
24
Occupancy
95.0%
Gross SF
16,800

Investment Overview

Marcus & Millichap is pleased to present for sale Westfield Gardens located in the rapidly growing Red Bank area of Lexington SC. Westfield Gardens is comprised of twenty-four units on 3.09 acres of land with an office building, and playground. Located in one of the fastest growing counties in the state, Westfield Gardens provides a balance between the amenities of a metropolitan area and the tranquility of suburban life.

Each unit comes equipped with washer and dryer connections, central heating and air, dishwasher, and ceiling fans. The units are individually metered for water and electricity which keeps operating cost lower and encourages conservation. The property is conveniently located to many national retailers with more to come due to the population growth of the submarket. A Publix anchored grocery store is nearby, and the Lowes Foods anchored Platt Springs Crossing is just 2.5 miles away.

Lexington County is situated in the central part of South Carolina, approximately twelve miles west of the state capital. The business-friendly climate has retained and recruited the likes of Amazon, Nephron Pharmaceuticals, Michelin, Shaw Industries, and Dominion Energy South Carolina. The unemployment rate is consistently the lowest in South Carolina, currently at 2.9%

Lexington County is served by several school districts, providing educational opportunities for residents. The county is also home to Midlands Technical college, offering higher education and vocational training.
Outdoor enthusiasts can enjoy a variety of recreational activities in Lexington County. Lake Murray provides opportunities for boating, fishing, and water sports, while the county's parks and green spaces offer hiking trails, sports facilities, and community events.

With its proximity to the capital city, Columbia, Lexington County has experienced significant population growth in recent years. This growth has led to increased development, infrastructure improvements and a vibrant community. However, this growth has led to a county wide moratorium on new multifamily development, which will lead to stronger financial performance on existing multifamily properties.


Investment Highlights

  • 24 Units Located in Lexington County, South Carolina. Located 2.5 miles to Publix and new Lowes Foods shopping center (Platt Springs Crossing).
  • Lexington County is the fastest growing county in central South Carolina and top 12 across all counties. Population is projected to increase by 82% over next 20 years.
  • Limited new multifamily development will lead to higher rents across Lexington County. Lexington County has moratorium in-place restricting new development.
  • Property is well maintained and currently 100% occupied.

Exclusively Listed By

Financing By

Multifamily

Westfield Gardens

Listing Price: Request For Offer

Number of Units
24
Occupancy
95.0%
Gross SF
16,800

Investment Highlights

  • 24 Units Located in Lexington County, South Carolina. Located 2.5 miles to Publix and new Lowes Foods shopping center (Platt Springs Crossing).
  • Lexington County is the fastest growing county in central South Carolina and top 12 across all counties. Population is projected to increase by 82% over next 20 years.
  • Limited new multifamily development will lead to higher rents across Lexington County. Lexington County has moratorium in-place restricting new development.
  • Property is well maintained and currently 100% occupied.

Investment Overview

Marcus & Millichap is pleased to present for sale Westfield Gardens located in the rapidly growing Red Bank area of Lexington SC. Westfield Gardens is comprised of twenty-four units on 3.09 acres of land with an office building, and playground. Located in one of the fastest growing counties in the state, Westfield Gardens provides a balance between the amenities of a metropolitan area and the tranquility of suburban life. Each unit comes equipped with washer and dryer connections, central heating and air, dishwasher, and ceiling fans. The units are individually metered for water and electricity which keeps operating cost lower and encourages conservation. The property is conveniently located to many national retailers with more to come due to the population growth of the submarket. A Publix anchored grocery store is nearby, and the Lowes Foods anchored Platt Springs Crossing is just 2.5 miles away. Lexington County is situated in the central part of South Carolina, approximately twelve miles west of the state capital. The business-friendly climate has retained and recruited the likes of Amazon, Nephron Pharmaceuticals, Michelin, Shaw Industries, and Dominion Energy South Carolina. The unemployment rate is consistently the lowest in South Carolina, currently at 2.9% Lexington County is served by several school districts, providing educational opportunities for residents. The county is also home to Midlands Technical college, offering higher education and vocational training. Outdoor enthusiasts can enjoy a variety of recreational activities in Lexington County. Lake Murray provides opportunities for boating, fishing, and water sports, while the county's parks and green spaces offer hiking trails, sports facilities, and community events. With its proximity to the capital city, Columbia, Lexington County has experienced significant population growth in recent years. This growth has led to increased development, infrastructure improvements and a vibrant community. However, this growth has led to a county wide moratorium on new multifamily development, which will lead to stronger financial performance on existing multifamily properties.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower