Brentwood Station

Brentwood Station

Nashville, TN
Under Contract
  • Property Type: Apartments
  • Property Size: 195,600 SF / 14.69 Acres / 196 Units

Overview

Capstone Apartment Partners is pleased to present Brentwood Station—a 196-unit, 1968-constructed multi-family asset in one of Nashville’s premier submarkets. Located along Edmondson Pike in Brentwood, the property is surrounded by apartment communities with superior finish levels and amenities, providing prospective owners a clear and market-supported value-add initiative to close the $300-400 rent gap between Brentwood Station and competitors. Additionally, current ownership has addressed a multitude of deferred maintenance items, spending nearly $2.5 million dollars over the last four years in capital expenditures, allowing the next buyer to focus capital on unit interior and amenity upgrades. With strong in-place occupancy throughout the immediate area powered by proximity to Maryland Farms, the Central Business District, and grocery and entertainment options, Brentwood Station is primed for upgrades that will translate to a stronger tenant base, 95%+ occupancy, and $300+ rent premiums.

Investment Highlights

Proven Value-Add Program with Ability for Further “Above-and-Beyond” Initiative
Ability to Create Other Income Streams as Seen in Immediate Market
Significant Capital Improvements Completed
Edmondson Pike—High Accessibility to Jobs, Shopping, and Amenities
Rare Opportunity in Brentwood Submarket

Contact Information

Alex McDermott Partner P: 704.533.4865
O: 800.746.3175 ext. 700
alex@capstone-companies.com
Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 706
adam@capstone-companies.com
Tyler Mayo Investment Sales Advisor P: 662.386.1622
O: 800.746.3175 ext. 729
tyler@capstone-companies.com
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