228
Units
2018
Built
999
Avg Unit SF
Overview
Springs at Sun Prairie is a 12-building, 228-unit core-plus multifamily opportunity on Madison’s rapidly growing east side — surrounded by thehighest concentration of new retail + medical development in Madison.
Madison has become the Nation’s Leading Multifamily Growth Market due to:
- Dramatic Undersupply of Housing
- Rapid Population Expansion + Job Growth
- Resulting Durable, Strong Rent Growth
- Lengthy Growth Span of Nation-Leading 97% Occupancy Rates
As a 100% direct-access rental community — this opportunity is uniquely positioned to reap the benefits of Madison’s outstanding market fundamentals.
INVESTMENT HIGHLIGHTS
ONLY DIRECT-ACCESS PRODUCT
Springs at Sun Prairie is the sole 100% direct-access multifamily property amongst its nearly 2,200-unit competitive set in Sun Prairie and East Madison — offering strategic competitive advantages to drive above-average rent growth.
RESTRICTIVE ZONING
Sun Prairie zoning requires at least one enclosed or covered parking space per dwelling unit, limiting past and future development of similar 100% direct-access product, further deepening Springs at Sun Prairie’s existing competitive advantage.
MAJOR JOB CENTER: MINUTES TO
- American Family Insurance HQ (4,400 Employees)
- UW Health’s 3-Building East Side Medical Campus ($1 Billion Investment)
- American Center Business Park (3 Million SF | 8,000 Employees)
Gallery
Contact Us
Chicago Office
125 S. Wacker Drive, Suite 400
Chicago, IL 60606
INVESTMENT SALES
PETE EVANS
Senior Managing Director
847.226.0836
[email protected]
RICHARD EVANS
Senior Director
773.991.3321
[email protected]
Mortgage Banking
Laura Cathlina
Senior Managing Director
312.339.5343
[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.
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