THE SUMMIT
1243 Main Gate Drive, Davison, MI 48423
QUICK STATS
134,235
SF:
4 units/acre
Density:
2,165
Average SF:
$1.04
Rent / SF:
1
Stories
32
Buildings
Construction completed in 2022
Built
62
UNITS
14 acres
Site Size / Acreage:
[CEROS OBJECT]
AMENITIES
Individually Controlled Central Air Conditioning and Heat
Fully Equipped Kitchen
Stainless Steel Appliances
Granite Countertops
LVT Flooring
Walk-In Closets
Washer / Dryer Connections
Attached Two-Car Garage
Basement
Private Entry
Yard
Opportunity Highlights
LOCATION
PHOTO GALLERY
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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 loan brokerage business in Nevada.
© 2023 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 the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Detroit Office
CONTACT Info
Mortgage Bankers
Luke Safranek
Director
248.208.3466
luke.safranek@berkadia.com
Aaron Moll
Senior Director
248.208.0529
aaron.moll@berkadia.com
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
Conor David
Director
425.213.5103
conor.david@berkadia.com
Mike MCclafferty
Associate Director
215.328.1298
mike.mcclafferty@berkadia.com
Charley Henneghan
Director
248.341.3303
charley.henneghan@berkadia.com
Kevin P. Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
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[CEROS OBJECT]
Property Description
Modern design, essential amenities, and spacious open floor plans make up the highly desirable townhomes at The Summit. The 62-unit, one-story townhome community offers easy accessibility to I-69, I-75, and I-475, allowing for a short drive to downtown districts, dining, shopping, scenic riverfront parks and hiking trails, nearby colleges and universities, and local hospitals.
With construction completed in 2022, 32 buildings are situated on 14 acres in a beautifully maintained, tree-lined community surrounded by greenery. The three-bedroom, two-bath townhomes feature a fully equipped kitchen with stainless steel appliances, abundant cabinet space, and granite countertops. The spacious open floor plans with large windows allow for plenty of natural light with unparalleled unit amenities including LVT flooring, washer / dryer connections, walk-in closets, private entries, and an attached two-car garage. With every unit having its own walkout basement, options for additional living space and storage are plentiful. Residents can enjoy outdoor access to their own yard with beautiful water views.
The Offering
GENESEE COUNTY WORKFORCE
Genesee County comprises the Flint MSA, which is also home to Davison, the primary growth area for the County. Davison shares its workforce with Oakland County as it is immediately north of Oakland County. The employment market in the county remains strong with a declining unemployment rate. Additionally, its unique location offers residents the comfort and quality of Davison, as well as the entertainment, employment, education and shopping amenities in Oakland County and the Detroit MSA.
EMPLOYMENT AND DEVELOPMENT
The Genesee County MSA is home to one of the largest Hospital/Healthcare systems in the state, McLaren Health Care. There are 24,000 workers in health care and social assistance in the metro area accounting for approximately 17% of all local jobs. Genesys Health Park in Grand Blanc is estimated to add 4,000 high paying jobs in Life Sciences through the $500 million addition to its facilities.
BEAUTIFULLY CONSTRUCTED WITH LONG-TERM INVESTMENT
The Summit was conceived and constructed with the most discerning residents in mind. The Summit contains 63 three-bedroom units, and one four-bedroom unit with open floor plans, gourmet kitchens with granite countertops, LVT floors, in-unit laundry, 9-foot ceilings and attached two-car garages to name only a few of the options. The Summit is extremely well positioned for the enjoyment of significant cash flow and long-term investment growth. The rental market continues to thrive with limited new construction on the horizon.
High-End Finishes:
LVT floors, granite countertops, stainless steel appliances
Exceptional Market Metrics:
Average market occupancy of 98.7% for Class A Product
Spacious Floorplans:
98% three-bedroom, two-bathroom units averaging 2,165 square feet
Strategic Location:
Quality Genesee County location with access to regional employment including Genesys Medical Center
Garages/Basements:
100% of units have two-car attached garages with direct access and full basements
Local Convenience:
Freeway I-69 (1 Mile), Meijer (1.25 Miles), Black Rock Bar and Grill (.75 Miles)
Newly Constructed:
Construction completed in 2022 - BFR Community
Limited New Supply:
Zero deliveries scheduled within three miles of
The Summit
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THE SUMMIT
1243 Main Gate Drive, Davison, MI 48423
LOCATION
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Notable Distances to Main Attractors:
3.9 miles to Davison Country Club
4.5 miles to Highly Rated Davison High School
9.1 miles to Hurley Medical Center
9.5 miles to University of Michigan – Flint Campus
12.1 miles to GM - Flint
12.5 miles to Bishop International Airport
13.5 miles to Ascension Genesys Hospital – Flint
13.5 miles to Ascension Health Park – Grand Blanc
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