Statesville

Key Investment Highlights

• ±18.87 Acre Infill Entitled Garden Multifamily development opportunity located in an opportunity zone 1.5 miles from Uptown and in the North End submarket of Charlotte, NC.​
• Convenient access to major highways, 10 minutes from Charlotte Douglas International Airport, and 5 minutes from Uptown, Charlotte’s central business district.​
• North End is a quickly developing and bustling submarket that is becoming increasingly walkable, with some of the city’s best new developments and adaptive reuse projects just steps from the property. ​
• 3-Building Development will likely have 332 units, including Studios, 1 bedrooms, 2 bedrooms and 3 bedrooms.​
• Fully zoned and entitled for the garden multifamily development.

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Statesville

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Statesville
3245 Statesville Ave
Charlotte, NC 28206
United States

Development Information

• Estimated Project Cost $92,138,870
• Total Debt Expected $55,708,305

Disclaimer: The information contained herein is for informational purposes only and does not constitute an offer or sale or any form of general solicitation or general advertising of interests in any fund or investment vehicle. Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to offering documents which will be provided to qualified prospective investors upon request. Prospective investors should review the offering documents carefully, which includes important disclosures and risk factors.

Risks and Limitations: the risks associated with making investment decisions based on targeted metrics is that they are targets. Commercial real estate investing is risky, and that means that the investment will not always play out according to expectations. Targeted returns involved multiple degrees of uncertainty and risk related but not limited to rental rates, lease expiration dates, occupancy rates, length of the investment period, exit cap rates, and interest rates. – Criteria and Assumptions- how a sponsor approaches the underwriting process (conservative, moderate, aggressive) may change the assumptions of the model which include targeted: cash yield, equity multiple, IRR, investment period and distribution rates