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2 ARAGONA BLVD JACKSONVILLE, NC 28540
LOCATION
Wright State University (WSU)'s Dayton Campus is located in Fairborn, OH, a suburb of Dayton and within a two-hour drive of several major metro areas, including Cincinnati, Columbus, and Indianapolis. Surrounded by lush, green forests, WSU is spread out over 634 acres of space in the Miami Valley Region of southwest Ohio.
The Opportunity
Berkadia is pleased to present Elysian at Sunset, a 384-unit core multifamily community in Las Vegas, Nevada. Completed in 2023, Elysian at Sunset sets the standard with opulent, high-end finishes and an exceptional array of upscale amenities underscored by a posh 9,000 square foot clubhouse. This powerful combination has fueled extraordinary demand. Las Vegas features one of the leanest incoming supply pipelines among major MSAs with only 4.4% of units under construction and 0.6% of new supply projected in 2026. Go-forward rent growth is projected to continue to outpace the broader US, driven by the muted supply and continued strength of the local economy. Population and employment is projected to grow by 9.5% and 8.6%, through 2028 respectively.
Elysian at Sunset boasts a phenomenal Spring Valley location, situated along the 215 Beltway between Buffalo and Durango Drives. Residents of the community are surrounded by multiple mixed-use entertainment venues and employment centers, including UnCommons, UNLV Tech Park, UFC Apex, and the recently completed Durango Casino and Resort. Most significantly, within a five-minute walk from Elysian at Sunset, is the site for the proposed $8.5 billion Warner Bros. Studios Nevada.
Elysian at Sunset offers investors a distinctive opportunity to invest in a highly stable and exceptionally located luxury multifamily community.
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.
© 2024 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.
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39
BUILDINGS
1972
COMPLETED
154
UNITS
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© 2024 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is 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. This website is not intended to solicit commercial mortgage company business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Tailored Living in Affluent Spartanburg Neighborhood
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Thomas Colaiezzi
Director901.603.8590thomas.colaiezzi@berkadia.com
Caleb Troop
Senior Managing Director314.607.3481caleb.troop@berkadia.com
Matt Robertson
Associate919.812.3174matthew.robertson@berkadia.com
Mark Boyce
Senior Managing Director843.628.3765mark.boyce@Berkadia.com
Blake Coffey
Senior Director843.628.3766blake.coffey@Berkadia.com
Mortgage Banking
Josh Finley
Managing Director404.654.2594josh.finley@berkadia.com
Adam Erickson
Associate Director404.654.2596adam.erickson@berkadia.com
Charlotte Office
4201 Congress StreetSuite 200Charlotte, NC 28209
Raleigh Office
3700 Computer Drive
Suite 315Raleigh, NC 27609
Charleston Office
774 S Shelmore BlvdSuite 105Mt Pleasant, SC 29464
Greenville Office
355 S. Main Street1st and 2nd FloorGreenville, SC 29601
Substantial operational upside is achievable through continued positive leasing trends
Proximity to Jacksonville’s leading employers and lifestyle amenities
Current ownership has infused $780,000+ on interior and exterior CapEx projects over the last two years
Proven value-add opportunity with $150+ premiums on remaining classic units
Investment Highlights
THE PROPERTY
Address
No. of Units
Parcel No.
Type
Location
Year Built
No. of Buildings
No. of Stories
Building Materials
Roof Type
Acres of Land
Density
Pets Allowed
No. of Parking Spaces
Parking Ratio
2 Aragona BoulevardJacksonville, NC 28540154003312, 031193 through 031195MultifamilyCentrally located between I-258 and US-17197239OneWood FramePitched Roofs with Composition Shingles14.86 Acres10 Units per AcreYes330 Surface1.94
PROPERTY DESCRIPTION
COMMUNITY AMENITIES
Pool with Chaise Lounge Chairs
Outdoor Grill Area
Picnic Area
Community Dog Park
UNIT AMENITIES
Two-Bedroom Floor Plans
Fresh Interior Paint*
Upgraded Black Appliances*
Upgraded Cabinets in Kitchen and Bathrooms*
Linen Closet
Tile Flooring in Kitchen
Vinyl Plank Flooring in Living and Dining Space
Private Patio with Attached Storage Shed
Six Panel Doors*
Washer and Dryer Connections
*In select units
Unit Mix
154 two-bedroom units measuring 900 square feet
GALLERY
Investment Highlights
The Property
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Address
No. of UnitsParcel No.
TypeLocation
Year BuiltNo. of BuildingsNo. of StoriesBuilding MaterialsRoof Type
Acres of LandDensityPets AllowedNo. of Parking SpacesParking Ratio
Charlotte Office
4201 Congress StreetSuite 200Charlotte, NC 28209
Raleigh Office
3700 Computer Drive
Suite 315Raleigh, NC 27609
Charleston Office
774 S Shelmore BlvdSuite 105Mt Pleasant, SC 29464
Greenville Office
355 S. Main Street1st and 2nd FloorGreenville, SC 29601
Investment Advisors
