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Multifamily

Barrington Hills

2553 Lower Wetumpka Rd, Montgomery, AL 36110

Listing Price: Request For Offer

Number of Units
41
Gross SF
35,750

Investment Overview

The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire the "Montgomery 795" – six assets totaling nearly 800 units in Alabama's state capital. This portfolio is being offered free and clear of existing debt, may be purchased individually or as a package, and will provide future ownership with a critical workforce housing scale in a market that has seen historic headlines in recent months. Hyundai Motor Company, which is among the market’s primary economic and employment drivers, will begin electric vehicle production in Montgomery in 2022 as part of a $7.4 billion U.S. investment in new technologies and production upgrades over the next four years, a development which will result in massive direct and indirect economic impact to the market.

Investment Highlights

  • At 795 units, the Montgomery 6 Portfolio provides immediate and significant scale in a growing market.
  • Hyundai continues to drive economic growth with its $410mm expansion in 2021 and a $7.4 billion electric vehicle commitment over the next four years.
  • Alongside Hyundai, this portfolio is positioned near the premier economic and workforce drivers Montgomery has to offer – Alfa, Baptist Health, Maxwell Air Force Base and more.

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
41
Gross SF
35,750

Investment Highlights

  • At 795 units, the Montgomery 6 Portfolio provides immediate and significant scale in a growing market.
  • Hyundai continues to drive economic growth with its $410mm expansion in 2021 and a $7.4 billion electric vehicle commitment over the next four years.
  • Alongside Hyundai, this portfolio is positioned near the premier economic and workforce drivers Montgomery has to offer – Alfa, Baptist Health, Maxwell Air Force Base and more.

Investment Overview

The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire the "Montgomery 795" – six assets totaling nearly 800 units in Alabama's state capital. This portfolio is being offered free and clear of existing debt, may be purchased individually or as a package, and will provide future ownership with a critical workforce housing scale in a market that has seen historic headlines in recent months. Hyundai Motor Company, which is among the market’s primary economic and employment drivers, will begin electric vehicle production in Montgomery in 2022 as part of a $7.4 billion U.S. investment in new technologies and production upgrades over the next four years, a development which will result in massive direct and indirect economic impact to the market.

Exclusively Listed By

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