Investment Overview

RECENTLY EXPANDED // In late 2023, the property was expanded adding over 33,000 net rentable square feet and 222 units. The expansion added climate-controlled and RV units to match market demand. LEASE UP OPPORTUNITY // The facility has continued lease-up without dramatically cutting rates. A more aggressive rate strategy should spark leasing activity, allowing the new owner to push occupancy and then rates. STRONG DEMOGRAPHICS // The five-mile radius has a population of 99,257 and is projected to grow 8.6 percent in the next five years. The current median household income is $66,642 with 36,161 households. GREAT LOCATION AND VISIBILITY // The property is located near a newly completed 308-unit apartment home, 101 Depot, and the Olde Towne Village Mobile Home Community. Major retailers and employers include Publix, Kroger, Home Depot, Lowes, and TriStar Stone Crest Medical. Highly visible from Enon Springs Road and Lowry Street that combine for over 34,000 passing vehicles per day.