Axis & Mosaic Apartments

Axis & Mosaic Apartments

Nashville, TN
Available
  • Property Type: Apartments
  • Year Built : 1967-1969
  • Property Size: 359,312 SF / 363 Units

Overview

Capstone Apartment Partners is pleased to present Axis & Mosaic Apartments, a two-property portfolio consisting of 363 units in Nashville, Tennessee. Located only 1 mile apart off of Mufreesboro Pike, in one of the fastest growing Nashville submarkets, the assets are poised to benefit from their immediate proximity to downtown and Wedgewood-Houston, convenient interstate access, and adjacency to Nashville International Airport. Rents in the Southeast submarket have grown 20% year over year, the highest percentage rent growth of any Nashville submarket over that period. Rents are expected to grow 6.5% into Q2 2023. The portfolio has significant value-add upside as current out of state ownership has renovated a total of 82 units across both properties, achieving average rent premiums of $350+. Both assets provide an ideal value-add template for the next owner to complete, with the ability to drastically increase rents to bridge the gap with renovated competition in the submarket. Having a favorable location less than 10 minutes from downtown and immediate access to major demand drivers, Axis & Mosaic presents a premier investment opportunity to add significant scale in a dynamic submarket.

Investment Highlights

Submarket Competition Supports Ability to Significantly Increase Rents

Unprecedented Rent Growth in Submarket

Proximity to Downtown and Wedgewood-Houston

Connectivity to All Employment Nodes

Proven Value-Add Program

Contact Information

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