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2500 McArthur Landing Cir Fayetteville, NC 28311
  • acres 0.64
$16,600,000
  • Status Sold
  • Year Built 2011
  • Property Type Apartments - Multifamily

About This Property

INVESTMENT HIGHLIGHTS

  • Revenue Enhancement Through Light Interior Upgrades.
  • Opportunity to Acquire a Well-Maintained, 2011 Vintage Asset at Below Replacement Cost.
  • Condominium Structure Allows for Multiple Exit Strategies.

Premier Location with Easy Accessibility to the Region’s Top Economic Generators, Retail, Restaurants, and Entertainment. McArthur Landing is proximate to the Ramsey Street retail corridor, providing easy accessibility to major grocery, retail, restaurant, and entertainment destinations. The property is also within minutes of I-295, allowing connectivity to the area’s major thoroughfares and economic generators, and less than ten minutes from Fort Bragg, the area’s largest employer.
Upside Opportunity Through Increasing Rents to Submarket Levels. Situated in a submarket with 14.4% YOY rent growth and extremely low vacancies, the property is perfectly positioned to increase rents rapidly to submarket levels, providing the ability to increase revenues by 21.5%

Property Details

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