Investment Opportunity
Multifamily Development in Goose Creek, SC (Charleston MSA)
Garden Style Multifamily Development in Charleston’s Growth Corridor
300-unit 3-story mid-rise garden style multifamily development located in Goose Creek, SC (Charleston MSA).
Class-A apartment community with resort style pool, club house, BBQ stations, granite countertops, chrome hardware, stainless steel appliances, balconies.
Experienced Sponsors and General Contractor
General contractor: Summit Contracting Group, has completed over 100,000 multifamily units over the past 25+ years, building its prototype product, significantly reducing planning and development risk.
Sponsors: BlueField Residential and Toro RE have a combined track record of well over $1bn in real estate investment and development.
Irreplaceable Location in Charleston’s Growth Corridor
Located within a 20-minute drive of Joint Base CHS, Mercedes-Benz, Bosch, Boeing, Volvo and Port of Charleston.
Located less than 15 minutes from Charleston Southern University and Trident Technical College.
Situated within a master planned development with Publix supermarket, retailers, restaurants and schools within a 5 to 10-minute drive.
High Barrier to Entry Market
High barriers to entry market created by restrictive zoning and rigorous approval process in the CHS Tri-County area.
Strong demographics and rent growth
$96,990 avg. household income (1-mile radius).
Sustained above average population growth creating demand / supply gap for multifamily rental units. Demand continues to outpace supply resulting in continuous positive absorption.
30% projected rent growth over the next 5 years.