Download Offering Materials: The Grand on Julian
Capstone Apartment Partners is pleased to present The Grand on Julian, a 240-unit, 2009 vintage, multi-family community located in Salisbury, North Carolina. The Grand on Julian presents investors with a well-positioned asset owned by the original developer poised for an ideal value-add opportunity in a well-connected location. The Grand on Julian also offers new ownership a unique opportunity to develop a second phase with additional multi-family units on the land directly north of the subject parcel. Conveniently situated directly off of Interstate 85, residents have immediate access to numerous demand drivers in the surrounding area including thousands of jobs and multiple class a retail centers. New ownership will benefit from little to no deferred maintenance at the property, which will allow them to immediately allocate funds towards completing the proposed value-add program, as well as pushing rents to market, thus, achieving a higher NOI.
Investment Highlights:
Owned and Operated by the Original Developer for 13 Years
Opportunity to Buy Zoned Land for Phase II (in OZ, QCT)
Poised for Value-Add Program with 100% Classic Units
