Download Offering Materials: Silverstone Apartments
Capstone Apartment Partners is pleased to present Silverstone Apartments: a 1974 vintage, 93-unit, garden-style apartment community located in Charlotte, North Carolina. Silverstone represents a prime opportunity to acquire a high-quality, well-maintained asset, with potential to significantly boost NOI through completion of an enhanced value-add initiative capable of achieving rental premiums up to $370. Located directly off Interstate 85 (161,550 VPD) and W Sugar Creek Road (34,868 VPD), the property is surrounded by an abundance of retail and amenities and is within a 10-minute drive to multiple business parks, most notably the Whitehall Corporate Center. With an excellent location, favorable renter demographics in the submarket, and an untouched value-add opportunity, Silverstone presents investors with an excellent asset poised for long term rent growth.
Significant Value-Add Opportunity
Organic Rent Growth Achievable as Market Rents Are Below Direct Competitors
Favorable Demographics in Booming Submarket
Nearby New Development and Subsequent Employment Growth