Perennial Performer with Value-Add
in Prime Savannah Growth Corridor
617 Towne Park West Drive, Rincon, GA 31326
Property Overview
Effingham Parc
- Property Address
- City, State
- Units
- Year Built
- Avg. Unit Size
- Occupancy
- Market Rent
- Effective Rent
Investment drivers
1
100% of Units Eligible for Value Add
The majority of units feature predominantly original finishes from their 2009 construction. With $400+ in headroom to market leading comps, there is clear support for $150+ average monthly rent premiums through standard value-add interior upgrades.
2
Unparalleled Property Performance Trends
Consistently outpacing competitors in operations: 10.1% NOI growth over past year and 95.5%+ average T-12 occupancy. The property also boasts a 30-month average tenancy, with 4.3% T-12 GPR growth and veritably zero concessions.
3
Accretive Loan Assumption Optionality
Effingham Parc features an (optional) $40.9M Fannie Mae loan assumption, at a 3.58% fixed interest rate, with eight years of term and one-year interest only remaining.
4
High-Growth Corridor in Dynamic Market
Surrounded by 21M square feet of industrial space and 18M square foot future industrial, including Sewon, a major Hyundai supplier employing 740 people just seven minutes away. Strategic infrastructure improvements will create a direct access to 8,500+ jobs at the Hyundai metaplant.
5
Low Density with Large Units at Attractive Discount to Replacement Cost
“Big House” design appeals to renter segment with two-story garden buildings featuring direct front porch entry to units, complimenting a low-density site plan, relaxed suburban lifestyle, and desirable schools.
Gallery
Contact
Office Location
121 Calhoun Street
Suite 200
Charleston, SC 29401
Investment Advisors
Jim Sewell
Senior Managing Director
843.806.4400
[email protected]
DRE License #41360
Dave Lansbury
Senior Managing Director
571.212.0501
[email protected]
DRE License #95120
Erika Maston
Managing Director
843.806.4394
[email protected]
DRE License #121194
Wilson Jones
Associate
501.249.2995
[email protected]
617 Towne Park West Drive, Rincon, GA 31326
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.