SOLD

John Bergin, CCIM   John@Waterstonemfg.com   704-804-3342

Joshua Scango    Joshua@Waterstonemfg.com   704-668-6361

Waterstone Multi-Family Group is pleased to present Birchfield at Millstone Towne Centre; a 132 unit, Class A apartment community located in Hope Mills, North Carolina. Construction was completed in 2012. Birchfield also includes the requirement to purchase 6.13 acres fully entitled and approved for 120 additional units. Extremely well located within the same PUD as class A retail in a highly sought after region of Cumberland County, this is the opportunity to own and develop in one of the strongest submarkets in the Fayetteville area.

Birchfield is located just 13 miles from Fort Bragg, which employs more service members than any other army installation in the country with more than 50,000 military personnel. The base has an additional 14,500 civilian employees and 25,000 family members. The U.S. voted to give the military $716 billion for 2019, approving one of the biggest defense budgets in modern American history. The 2019 military budget, approved by an 85-to-10 vote, gives America’s armed forces an $82 billion increase from 2017. Although Fayetteville has been historically dedicated and dependent to the military, this property’s current residency only includes 14% military.

The community is positioned in the best demographic profile (HH income, Education levels, Employment opportunities) in Cumberland County. Cross Creek Mall and Rainey Hospital are within a short distance and the Millstone Towne Centre, class A retail, is directly adjacent to the complex (walking distance). Overall, the community has easy access to Hwy I-95 and is in close proximity to Fayetteville Regional Airport, Downtown Fayetteville, Cumberland County Park and Cape Fear Botanical Garden.

Birchfield at Millstone Centre was developed and built with the finest attention to detail and to the highest level of architectural standards. The individual apartments feature granite countertops, stainless steel appliances, vaulted ceilings, walk-in closets, private balconies, ceiling fans and washer/dryer connections. The overall property features a clubhouse, fitness center, resort-style swimming pool, grilling area, family playground, children’s area, and optional garage parking and storage. This 2012 construction project includes 12 buildings and clubhouse that contain 70 two-bedroom and 62 three-bedroom units.

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