Wild Wing Plantation

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459 Wild Wing Boulevard | Conway, SC 29526

Wild Wing Plantation Development Site

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Property Description

278-330

Garden-style

Multifamily

6 miles SE of city’s center (Conway)

Just East of Highway 501 on Winyah Rd / Wild Wing Blvd

Not Built Yet - Development Opportunity with Plans Avilable– All DD completed

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Siding, Brick Veneer, and Wood Shutters

Pitched Roof with Shingles

42.39 acres (total of 4 parcels)

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12.38 units per acre

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Three-Story , Max. of 24 units per building

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APARTMENT Amenities

Located in the Upscale Wild Wing Plantation Master-Planned Community Surrounding the 27-Hole, Acclaimed Wild Wing Golf Course and Featuring Upscale Homes and Amenities Site Plans Include a Resort-Style Swimming Pool with Shelf Deck for In-Pool Lounging, Pool-Side Grilling Stations, and Cabanas Clubhouse with Lounge Area, Kitchen, Seating, Workstations, and Screened Porch with TV and Fireplace Leasing Office with Reception and Lounge Fitness Center with Separate Yoga / Stretching Room and Porch Maintenance Building with Car Wash Bay Community Mail Building Plenty of Convenient, On-Site Parking Detached Garages, Storage Rooms, and Bicycle Storage Available Professional Landscaping with Manicured Grass, Mature Trees, Trimmed Shrubs, and Flowering Plants Served by the Prestigious Carolina Forest Schools The Wild Wing Plantation Amenity Center in the Community Offers Four Resort-Style Pools, Lighted Tennis Courts, Fitness Area, 180 Acres of Freshwater Lakes with Nearly 14 miles of Shoreline, Private Day Docks and Boat Ramps, Community Center with Meeting Space, Playground, Picnic Area, and Basketball Court Adjacent to Amenity-Rich 501 Corridor Close to Public Transportation (Coast RTA), Parks, Schools, Stores, Restaurants, and Entertainment Options Convenient Access to U.S. Highway 501, State Routes 31 and 544, Beaches, Carolina Forest, Myrtle Beach International Airport, Coastal Carolina University, Horry Georgetown Technical College, and the Conway Medical Center

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Spacious Garden-Style, Two-Level Townhome, and Two-Level Carriage-Style Floor Plans Available Beautifully Appointed with High End Finishes Including Vinyl Plank Flooring, Plush Carpeting, and Faux Wood Blinds Eat-In Kitchen with Self-Cleaning Ranges, Pantry, Kitchen Island / Breakfast Bar, and Plenty of Cabinet and Counter Space Full Size Bathroom with Tub and Shower Combination / Walk-In Shower and Linen Cabinet Walk-In Closets Private / Semi-Private Entry Private Patio / Balcony Laundry Room with Washer and Dryer Select Units Feature Private Driveway, Attached Garage with Direct Access, Downstairs Powder Room, Vaulted Ceilings, Separate Dining Area, Dual Sink Vanity, and Pond Views

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Community Amenities (some per plans provided)

The Wild Wing Plantation Development Site consists of approximately 21 acres of developable land in Myrtle Beach, South Carolina. Fully zoned and entitled, this projects allows for up to 330 three-story Class A apartments. Site permits are in hand and the bulk of due diligence has been completed, affording new ownership the opportunity to move quickly into construction and capitalize on the rapidly growing Myrtle Beach Market.

Site Delivered with Approvals, All DD for up to 330 Garden Units

Property Highlights

Myrtle Beach MSA has continued to experience exponential growth as people continue to flock to coastal markets in our new work-from-anywhere norm. Leasing activity has remained strong, primarily driven by exceptional job growth and migration trends in the market. These migration trends have led to increased demand for Class A apartment housing, resulting in rent growth nearing 19% year over year. The continuously growing population and demand for high quality housing in Myrtle Beach is fueled by significant capital improvements and high-quality jobs flooding into the market. Through the past two years, net absorption has outpaced new supply, resulting in historic rent growth and extremely low vacancy. Stabilized Class A comps in Myrtle Beach are reporting 97% average occupancy. Continued job and population growth leave a significant runway for new supply to meet the needs of the growing market.

Myrtle Beach Rent Growth Justifies New Supply

During 2020-2021, Myrtle beach experienced 51% population growth, which ranks #1 in the county. US News and World report also ranked Myrtle beach the fastest growing city in 2021-2022. Although the rent and job growth have grown rapidly, Myrtle Beach remains one of the most affordable coastal cities in the average. On average, Myrtle beach rents trail its neighboring MSAs by nearly $180, leaving room for continued rent growth in the future. Traditionally, entertainment and hospitality have been the largest employment sectors in the market. However, Myrle Beach has become a popular retirement destination, driving the population growth in the MSA. Separate from tourism and retirement, Myrtle Beach is projecting 19,000+ jobs incoming over the next five years.

Situated in America’s Fastest Growing City

The Wild Wing Development Site is ideally situated in close proximity to the 501 Corridor, which is packed with an abundance of Class A retail, dining, and healthcare. The site will have immediate access to Aldi, Food Lion, Wal-Mart, and a CVS, allowing tenants the ability to satisfy basic shopping needs within a five-minute drive.

Immediate Access to Class A Retail

Location

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/.

THOMAS COLAIEZZI

Director 901.603.8590 thomas.colaiezzi@berkadia.com

JOHN BRAY

Senior Managing Director 404.654.2595 john.bray@berkadia.com

RICHARD LEVINE

Senior Managing Director 404.654.2590 richard.levine@berkadia.com

JOSH FINLEY

Director 404.654.2594 josh.finley@berkadia.com

MARK BOYCE

Managing Director 843.628.3765 mark.boyce@berkadia.com

BLAKE COFFEY

Senior Director 843.628.3766 blake.coffey@berkadia.com

Matthew Robertson

Associate 919.812.3174 matthew.robertson@berkadia.com

CALEB TROOP

Managing Director 314.607.3481 caleb.troop@berkadia.com

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