The Wallace Studios

The Wallace Studios

Nashville, TN
Available
  • Property Type: Apartments
  • Year Built : 1974
  • Property Size: / 124 Units

Overview

Capstone Apartment Partners is pleased to present The Wallace Studios, a temporarily branded hotel redevelopment opportunity located in Nashville, Tennessee. Currently operated as a 124 key Americas Best Value Inn, the asset presents an exceedingly rare opportunity to reposition the existing property into a rental apartment community.  The lower construction and redevelopment costs allow developers to provide affordable housing without incurring the expenses that exist with ground-up construction while potentially benefiting from assistance provided by the Metro Government of Nashville, who have demonstrated heavy interest in providing much needed affordable living options. The incredible accessibility to the employment nodes of downtown Nashville and the Southeast submarket, in addition to the strength of the surrounding multi-family fundamentals, make the Wallace Studios an appealing investment opportunity. 

Investment Highlights

  • Rare Hotel-to-Apartment Redevelopment Opportunity
  • Need for Affordable Housing in Nashville MSA
  • Unbeatable Accessibility to Major Thoroughfares

Contact Information

Austin Heithcock Investment Sales Advisor P: 615.477.1971
O: 800.746.3175 ext. 721
h.austin@capstone-companies.com
Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 706
adam@capstone-companies.com
Tyler Mayo Senior Advisor P: 662.386.1622
O: 800.746.3175 ext. 729
tyler@capstone-companies.com
Jordan Arand Investment Sales Advisor P: 815.291.9250
O: 800.746.3175 ext. 747
jarand@capstone-companies.com
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