Pullen Station

Pullen Station

Raleigh, NC
Under Contract
  • Property Type: Apartments
  • Year Built : 1984
  • Property Size: 25,200 SF / 100 Units

Overview

Capstone Apartment Partners is pleased to offer the opportunity to acquire Pullen Station: a 100-unit studio apartment community ideally located between North Carolina State University and the skyscrapers of downtown Raleigh. Pullen Station offers a timeless infill location that has benefited tremendously from the in-place value-add program. As the demand for lower-cost housing options continues to increase, Pullen Station will be perfectly positioned and differentiated in the urban core submarket. With the majority of the heavy lifting complete and a proven interior value-add program nearly complete, new owners can immediately focus on driving NOI growth organically on renewals, while renovating the remaining units and improving the exterior space and amenity options. 

Investment Highlights

A Timeless Infill Location

Unique Floorplans and Differentiated Product

In-Place Value-Add Initiative to Build On 

Future Development Covered Land Opportunity

Hotel Conversion/Short Term Rental Opportunity

Contact Information

Bryse Toothaker Director P: 704.727.2926
O: 800.746.3175 ext. 703
bryse@capstone-companies.com
Alex McDermott Partner P: 704.533.4865
O: 800.746.3175 ext. 700
alex@capstone-companies.com
Austin Green Director P: 704.962.7454
O: 800.746.3175 ext. 701
austin@capstone-companies.com
Rhodes Marley Investment Sales Advisor P: 704.840.5927
O: 800.746.3175 ext. 736
rhodes@capstone-companies.com
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