Destination at Union

Destination at Union

Gastonia, NC
Available
  • Property Type: Apartments
  • Year Built : 1998
  • Property Size: 139,632 SF / 174 Units

Overview

Capstone Apartment Partners is pleased to present Destination at Union: a 174-unit garden-style apartment community in Gastonia, North Carolina. Built in 1998, Destination at Union presents investors with an ideal value-add opportunity with upside proven by local competitors. The property is conveniently located in the heart of Gastonia, offering residents convenient access to multiple economic demand drivers, retail, and job opportunities throughout the Gastonia submarket and the Charlotte MSA. Additionally, Gastonia has seen impressive year-over-year rent growth of 17%+ as well as positive multi-family fundamentals, positioning the property for growth for years to come. With the opportunity for significant premiums through the implementation of the value-add program, positive multi-family fundamentals, and an excellent location in Gastonia, Destination at Union is one of the premier investment opportunities in Gastonia and the Charlotte MSA.

Investment Highlights

Proven Value-Add Upside

The Icon on the Greenway Value-Add Case Study

Nearby Premier Retail

Significant Infrastructure and Development Within Close Proximity

Strong Sub-Market Fundamentals 

Contact Information

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
Caleb Troop Director P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
Thomas Colaiezzi Investment Sales Advisor P: 901.603.8590
O: 800.746.3175 ext. 714
tcolaiezzi@capstone-companies.com
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