Multifamily
Arbor Landing Apartments
1101 Hallbrook Dr, Columbia, SC 29209
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present for sale Arbor Landing Apartments, a well-maintained, 120-unit multifamily community currently 97% occupied and benefiting from substantial recent capital investment. Improvements include all new roofs, 98 renovated units featuring granite countertops and stainless-steel appliances, and approximately 30% HVAC replacement. Located just 15 minutes from Downtown Columbia, the property is supported by strong employment growth—highlighted by 5,000 new jobs from Scout Motors—limited new supply, and improving market fundamentals, driving 3.1% annual rent growth (CoStar).
Arbor Landing Apartments
Investment Highlights
- Strong Employment Base: Proximate to Pineview Industrial Park, a major employment hub with expansion capacity, rail access, and significant water and sewer infrastructure. The VA Hospital and the Un
- Job Growth Catalyst: The Columbia MSA is benefiting from regional job growth, including 5,000 new jobs from Scout Motors, supporting sustained housing demand.
- Favorable Supply Dynamics: Minimal new multifamily deliveries in the submarket support continued occupancy strength and rental growth.
- Improving Market Fundamentals: Submarket occupancy has trended upward over the past 12 months, contributing to 3.1% annual rent growth (CoStar).
- Affordability Advantage: In-place rents remain below submarket averages, providing opportunity for rent growth while maintaining workforce affordability.
- Retail Stability: Surrounding retail corridors are 98.5% occupied, reflecting strong consumer demand and submarket stability.
- Strategic Connectivity: Convenient access to Highway 378 and I-77 provides efficient connectivity to Downtown Columbia and regional employment centers.
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- Strong Employment Base: Proximate to Pineview Industrial Park, a major employment hub with expansion capacity, rail access, and significant water and sewer infrastructure. The VA Hospital and the Un
- Job Growth Catalyst: The Columbia MSA is benefiting from regional job growth, including 5,000 new jobs from Scout Motors, supporting sustained housing demand.
- Favorable Supply Dynamics: Minimal new multifamily deliveries in the submarket support continued occupancy strength and rental growth.
- Improving Market Fundamentals: Submarket occupancy has trended upward over the past 12 months, contributing to 3.1% annual rent growth (CoStar).
- Affordability Advantage: In-place rents remain below submarket averages, providing opportunity for rent growth while maintaining workforce affordability.
- Retail Stability: Surrounding retail corridors are 98.5% occupied, reflecting strong consumer demand and submarket stability.
- Strategic Connectivity: Convenient access to Highway 378 and I-77 provides efficient connectivity to Downtown Columbia and regional employment centers.
Investment Overview
Marcus & Millichap is pleased to present for sale Arbor Landing Apartments, a well-maintained, 120-unit multifamily community currently 97% occupied and benefiting from substantial recent capital investment. Improvements include all new roofs, 98 renovated units featuring granite countertops and stainless-steel appliances, and approximately 30% HVAC replacement. Located just 15 minutes from Downtown Columbia, the property is supported by strong employment growth—highlighted by 5,000 new jobs from Scout Motors—limited new supply, and improving market fundamentals, driving 3.1% annual rent growth (CoStar).
Exclusively Listed By
Financing By
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