Executive Summary
Berkadia presents Retreat at the Park, a 249-unit garden-style multifamily community located in Burlington, North Carolina. This offering provides unmatched direct access to Interstate I-40/I-85 and is strategically positioned between the Research Triangle and Piedmont Triad. Within the Burlington submarket, it stands out as a premier option for a strong renter base demographic thanks to its proximity to Class A retail and Elon University, a prestigious private university with over 7,000 students. Furthermore, with 73% of the units featuring desirable 2-bedroom and 3-bedroom floor plans, the property offers large living spaces that appeal to residents. New ownership will have a tremendous opportunity to capitalize on rent and NOI growth through a value-add program, enhancing unit features and amenities.
Property Summary
122 Retreat Lane
Burlington, NC 27215
TYPE
# UNITS
SIZE (SF)
% OF MIX
1 Bed / 1 Bath – Iris
60
689
24%
1 Bed / 1 Bath – Orchid
9
814
4%
2 Bed / 2 Bath – Lily
120
1,044
48%
2 Bed / 2 Bath – Poppy
18
1,091
7%
2 Bed / 2 Bath - Gardenia
18
1,193
7%
3 Bed / 2 Bath - Dahlia
24
1,334
10%
TOTAL/AVG.
249
992
100%
Property Description
- Property Address
- County
- Units
- Year Built
- Parcel Number
- Style
- Stories
- Buildings
- Acreage
- Units per Acre
- Elevators
- Roof
- Construction
- Ceiling Height
- Parking
- Property Management
Utilities
- Electric
- Water/Sewer
- Trash Removal
- Cable/Internet
*Paid by tenant
Mechanical Systems
- HVAC
- Hot Water
- Heat
Fees
- Valet Trash
- Pet Fee
- Cable/ Internet
- Storage Units (5 Total)
- VIP Parking (23 Spaces)
Amenities
Community Amenities
- Resort-style saltwater swimming pool
- Picnic and barbecue grilling areas
- Package receiving
- Covered outdoor entertainment space with fireplace
- Premium fitness center with cardio and weightlifting equipment
- 24/7 Game room with foosball table
- Resident clubhouse and cafe
- Resident business center
- Online resident portal rent and maintenance request acceptance
- Valet trash service
- 24/7 Emergency maintenance
- On-site management
Unit Amenities
- Modern chef-inspired kitchens
- All electric appliances include a refrigerator with ice maker, oven/range, microwave, dishwasher, and garbage disposal
- Double-basin stainless steel sink
- Faux hardwood vinyl in kitchen, living room, and bathrooms; carpet in bedrooms
- Granite countertops in kitchen and bathrooms
- Modern walnut cabinetry
- Modern, brushed nickel light fixtures
- Soaring 9-foot ceilings
- Walk-in closets
- Private balconies and patios with storage closet
- Washer/dryer connections
- Ceiling fan
- Cable hookups
Photo Gallery
Contact Us
Charlotte Office
4201 Congress Street
Suite 200
Charlotte, NC 28209
Raleigh Office
4030 Wake Forest Road
Suite 300, Office 314
Raleigh, NC 27609
Charleston Office
121 Calhoun Street
Suite 200
Charleston, SC 29401
Charlotte Office
4201 Congress Street
Suite 200
Charlotte, NC 28209
Investment Sales
Caleb Troop
Senior Managing Director
314.607.3481
[email protected]
Matt Robertson
Associate Director
919.812.3174
[email protected]
Thomas Colaiezzi
Director
901.603.8590
[email protected]
Mark Boyce
Senior Managing Director
843.628.3765
[email protected]
Blake Coffey
Senior Director
843.628.3766
[email protected]
Mortgage Banking
Tucker Knight
Senior Managing Director
713.469.4515
[email protected]
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.