Interior Value-Add Opportunity: New ownership will have the opportunity to add value to the property by updating the interiors, such as new flooring, countertops, appliances or painted cabinets.
Room to Grow Rents: Nearby properties are renting for over $450+ per unit higher than Park Residences. Market rents are anticipated to grow by 8.8% in 2022 and 5.2% in 2023 and have averaged an annual gain of 14.3% in the past year, according to CoStar.
Large Floor Plans: Park Residences has an average floor plan size of 1,066 SF, which is larger than any of the surrounding comps. Over 76% of the property features 2 or 3 bed units.
Neighborhood Setting: Park Residences offers tenants a unique neighborhood setting with paved streets, sidewalks, driveways, and garages in select units.
Access to Nearby Demand Drivers: Park Residences is less than 5 miles from to major demand drivers in the area, including
Manufacturing Hub: Hendersonville is a manufacturing hub in the state of North Carolina with General Electric, Kimberly-Clark, Alpha Tech, Wilsonart, Jabil Healthcare, Lassonde Pappas, and Standard TyTape Company being some of the many that have manufacturing plants in the area.
Top Ranked State: According to CNBC, North Carolina has been named the best state in America for business with economic growth of 6.7% in the past year as well as job growth of 3.6%.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by you ("Prospective Buyer") for the benefit of THE KIRKLAND COMPANY ("Broker"), with respect to certain real property ("Park Residences") located in Hendersonville, North Carolina.
BACKGROUND:
1 The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyer may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and therefore are subject to variation.
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows:
By submitting this form, you have acknowledged, read, and agreed to this above Confidentiality and Brokerage Agreement.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by and between THE KIRKLAND COMPANY ("Broker"), and "Prospective Buyer" with respect to the sale of certain real property located in Hendersonville, North Carolina and known as Park Residences (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: