SOLD

Waterstone Multi-Family Group is pleased to present the Magnolia Trace Apartments, a 144-unit complex located in Florence SC.

The city of Florence, located at the intersection of Interstate-95 and Interstate-20, is the seventh largest city in South Carolina and is a strategically-located center for Eastern Seaboard distribution and manufacturing (Honda, QVC distribution), as well as a strong presence in the medical and pharmaceutical industries (including: McLeod Regional Medical Center, Carolinas Healthcare, Regency Hospital, HealthSouth, GE Medical Systems, and Patheon pharmaceutical manufacturing.

Additional Economic  News:

• May 2017 – The Florence County Economic Development Partnership announced a $79-million economic development project expected to bring 700 new jobs to the Florence market [Company unknown]
• March 2017 – GE Healthcare announced a $40-million facility expansion project, expected to create another 100 jobs
• November 2016 – Patheon acquires new $70-million facility in addition to its current footprint, creating 93 new jobs
• August 2016 – Honda announced a $45-million facility expansion project, expected to create 250 new jobs

Magnolia Trace is an affordable apartment complex featuring brand new roofs, 80% new HVACs, and occupancy stabilized above 90%. It is located just two miles from downtown Florence central business district and fifteen minutes from the headquarters district for GE, Patheon, Honda, and others. Amenities include:

• On-site Management
• Laundry facilities
• Land available on parcel to develop an additional 20 units
• Owner-provided utilities include water, sewer and trash

CLICK HERE TO DOWNLOAD OFFERING MATERIALS