Blu South_Property for Sale
Blu South_Property for Sale
920 Blu Central Rd., Pineville, NC, 28134, US

Blu South

Asset Description

​​​​​​​Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Blu South in Charlotte, North Carolina. JLL is pleased to present Blu South (“the Property”), a 551-unit, Class-A asset located in a premier location within Charlotte’s South End submarket. Blu South and its residents benefit from thoughtfully designed features and plentiful gathering spaces and amenities. The Property's exceptional location at the final stop of the light rail system empowers residents with convenient access to both South End and Uptown, maximizing their connectivity and mobility options.

Moreover, the Property presents investors with the opportunity to acquire an existing 365 units and enter into a forward contract to acquire the remaining 186 units. This offering attracts investors who want to build scale in one of the hottest multifamily markets in the country with an asset that is high performing and well located.

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Attributes

Number of units
365 units
Occupancy
70%
Year built
2023
Building area gross
846,920 sf
Land area gross
0.56 acres

Media

Investment Highlights

Total Units

551

Stabilized Units

365

Phase V Forward Units

186

Average Unit Size

2,281

Recent Leases

$2,900 | $1.27 PSF

                                                                                     

 

 

 

Contact brokers

Blu South (0 Properties)

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Last updated
14 Mar 2024