PREMIER “HORIZONTAL” BUILT-FOR-RENT (BFR) APARTMENT Community

the Villas at Nature walk

100 Nature Walk Blvd SW | Huntsville, AL

196 Units

1,125 Avg Sq Ft

Built 2014 - 2017

The Opportunity

Berkadia is pleased to exclusively present The Villas at Nature Walk, Huntsville’s first premier “horizontal” Built-For-Rent (BFR) apartment community. Situated on 35.5 acres, this Class-A asset is located less than a mile from Redstone Arsenal, a federal campus with 44,000+ jobs (GOVT, NASA, FBI, etc.). Rental rates at competing top-of-market peers, superb demographics with a low rent-to-income ratio, and a unique value-add opportunity at the property sets the stage for substantial future rent growth. The property features high visibility along a major thoroughfare and offers an impressive community amenity package. Two-car garages and soaring ceilings up to 12-feet for many units further distinguish the property from the competition. The Villas at Nature Walk represents a unique opportunity to acquire an exclusive Class A property in the Built- For-Rent space utilizing conventional multifamily operations and traditional multifamily financing.

investment highlights

CLASS A HORIZONTAL BUILT-FOR-RENT APARTMENT PROPERTY

  • One-story multifamily development with high-end single-family quality construction & finishes
  • Exceptional community amenities including a 6,000 SF clubhouse and rare two-car garages provide a distinct competitive advantage

HUNTSVILLE’S “ROCKET” ECONOMY CONTINUES TO SOAR – 35k+ NEW JOBS

  • Several large new high-tech, advanced manufacturing, and government related developments projected to create over 35,000 new high-paying jobs
  • The #1 highest concentration of engineers and one of the greatest concentrations of PhD’s in the Nation

IN THE NEXUS OF THE NATION’S HOTTEST JOB MARKET

  • Superb location in affluent residential area flanked by some of the area’s largest employment nodes
  • Less than a mile from Redstone Arsenal, a federal campus with 44,000+ jobs (GOVT, NASA, FBI, etc.)
  • Located only 10 minutes from the 2nd largest research park in United States

EXCEPTIONAL OPERATIONS AND MATURE, AFFLUENT ”RENTER BY CHOICE”

  • Average occupancy 97%+ over past 24 months with only one collection loss in 7 years
  • Average resident household income = $97,000

SIGNIFICANT RENTAL UPSIDE AND VALUE-ADD ​ OPPORTUNITY ON 196 EXISTING UNITS

  • Significant Loss to Lease provides dramatic organic rent growth
  • Exceptional rent-to-income ratio provides immediate rental upside
  • Opportunity to upgrade existing 196 units to match the top-of-market finishes of phase III units and implement other revenue boosters
  • 48-unit Phase III is under construction featuring top-of-the market finishes – completion in early 2022

​ OFFERED FREE AND CLEAR

Community Amenities

  • 6,000 SF Clubhouse w/ Full Kitchen & Great Room
  • 24/7 Fitness Center (1,800 SF)
  • Business Center
  • Cyber Café equipped w/ free WIFI & coffee bar
  • Resort-Style Pool with Tanning Ledges
  • Poolside Pergola
  • Outdoor Fireplace Area and Pergola with Gas Grills
  • Two Gazebos with Gas Grills
  • Paved Walking Path Around Property (Approx. 1 Mile)
  • 1-Acre Dog Park
  • Adjoining Wooded Nature Preserve
  • Gated Entrance
  • Car Wash Area
  • Pet Wash Station
  • Large Covered Back Porch at Clubhouse
  • One Assigned Parking Space per Unit (Park at Your Front Door)
  • One-Story Buildings, No Stairs

Unit Amenities

  • Stainless Steel Appliances
  • Washers and Dryers Provided (Full Size)
  • 12-Foot Vaulted Ceiling in Living Area & Master Bedroom (In Select Units)
  • 10-Foot Tray Ceiling in Living Area & Master Bedroom (In Select Units)
  • 9-Foot Ceilings Throughout
  • 2-Car Direct Access Garage in Hawthorne Floorplan (40 Units Existing + 20 Future Units)
  • Vinyl Plank “Hardwood-Style” Flooring in Living Areas and Vinyl Tile Flooring in Bathrooms and Laundry Rooms
  • Ceiling Fans in Living Area and Master Bedrooms
  • 2-Inch Faux Wood Blinds
  • Built-In Desk with Cabinetry/Shelves in Kitchen Area
  • Key Fob Entry System for Each Unit
  • Goose-Neck Faucet in Kitchen with Pendant Over Breakfast Bar
  • Oversized Six-Foot Garden Tubs in 54 Master Bathrooms (In Select Units)
  • 12-Inch Ceramic Tile Surround in Bathrooms
  • Double-Vanity in All Bathrooms
  • Brushed-Nickel Lighting and Plumbing Fixtures
  • Front Covered Patio
  • Outside Storage Closet
  • Walk-in Closets
  • Laundry Rooms
  • Kitchen Pantry

Contact Us

BErkadia Team

Investment Advisors

Russ Hardy

Managing Director
404.422.0499
russ.hardy@berkadia.com

David Wilson, MAI

Senior Director
256.682.9143
david.wilson@berkadia.com

Mortgage Bankers

Tom Genetti

Managing Director
205.403.5545
tom.genetti@berkadia.com

1497 Old Monrovia Rd NW, Huntsville, AL 35806

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. ​

 

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