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
Other
- Address: 318 East Royal Street Florence, South Carolina
- Area: Florence
- Number of Units: 144
- Year Built: 1972
- Acres: 11.5