This property is Off-Market
201 Heritage Hill Way
Louisville, KY 40223 ·
163 Units · Multifamily For Sale
Heritage Hill and Shelby Crossing
|No. Units||163||Property Sub-type||Garden/Low-Rise|
|Building Size||146,610 SF||Property Use Type||Investment|
|Listing ID: 17131266||Date Created: 04/25/2011||Last Updated: 09/01/2011|
OFFERS DUE ON JUNE 14, 2011
CBRE has been retained as the exclusive investment advisor in the sale of Shelby Crossing and Heritage Hill Apartments, a 253-unit portfolio very well-located in Louisville, Kentucky. Heritage Hill and Shelby Crossing present the unique opportunity to acquire two stabilized, value-add communities in a high barrier-to-entry, A grade infill location on the affluent east-end of Louisville. The properties have been well-maintained and managed; however, there are numerous value-add opportunities to be considered to better position the properties to compete with newer nearby competition at higher rents.
Heritage Hill and Shelby Crossing can be acquired as a portfolio or individually. Portfolio offers should include individual asset allocations.
Heritage Hill is being offered with the existing debt. Alternatively it can be pre-paid at Purchaser' s expense. Shelby Crossing is free and clear.
The properties, located within one-mile of each other, are less than three miles from Louisville' s finest shopping, dining, and entertainment options and one of Louisville' s largest concentrations of white-collar employment centers.