Bell Cahaba River

2800 Riverview Road
Birmingham AL

Bell Cahaba River View1

Property Type

Multifamily
Property Size
324 Units
Available Space
Not available
Tenure
Sale
Price
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DescriptionClick Here To View Mapped Property

Click Here To View Mapped Property

JLL is pleased to present, Bell Cahaba River (“Property”), a 324 unit garden-style community located in Birmingham’s rapidly expanding 280 corridor, the city’s premier submarket with more than 8.6 million sf of office, 3.5 million SF of retail, and average household incomes exceeding $100k. Located just one mile from the Hwy-280/I-459 interchange, Bell Cahaba River offers walkability and proximity to an abundance of corporate employers, national grocers and retailers such as Southern Company, HealthSouth, Blue Cross Blue Shield, AT&T, Super Target, Starbucks, Publix, Sprouts, and Saks Fifth Avenue. The recently opened one million sf advanced medical facility, Grandview Medical Center, adds to the high-end appeal of the area and is easily walkable from Bell Cahaba River. Already spurring growth in the area, Grandview Medical Center serves as a high powered catalyst for new development along the 280 corridor. Additional medical office space is already under construction, including a cancer treatment center, luxurious hotel and retail options under approval, and a recently completed Publix and Lifetime Fitness nearby. The 103 acre medical campus, located adjacent to Bell Cahaba River, has become the economic centerpiece along the 280 corridor. The critical mass of major employment drivers surrounding Bell Cahaba River has created a huge demand for nearby luxury residential options, leading to the largest cluster of country clubs in the MSA. These exceptional demographics have brought in high-end retailers, as evidenced by the renowned one million sf luxury lifestyle center, The Summit. As this submarket continues to flourish and offer the best overall quality of life in the MSA, demand for well-located properties such as Bell Cahaba River will continue to outpace the MSA. Bell Cahaba River is an excellent opportunity to acquire a highly occupied and stable community in Birmingham’s highest growth district, with strong in-place organic rent growth and exceptional valu


Features

OFFERING HIGHLIGHTS ? High-quality Class A asset with modern curb appeal ? Entrenched in 280-Corridor’s economic center • Billions in new commercial investment underway • Home to 45,000 jobs • Average household incomes $100,000+ ? Rare suburban walkability to grocery, retail, office parks, and $200mm Grandview Medical Center ? Organic growth is projected to increase rental income $580,000 over next five years (Yardi Analytics) ? Renovated comps create +$200/month rent gap opportunity ? Proven light value-add program lifts rents +$100/month ? Emergence of Class AA creates new opportunity to implement full value-add program and close +445/month rent gap

Contact broker
Vincent Lefler_Commercial Real Estate Broker
Vincent Lefler

+1 615 928 5318

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Josh Magaro_Commercial Real Estate Broker
Josh Magaro

+1 404 995 6569

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Derrick Bloom_Commercial Real Estate Broker
Derrick Bloom

+1 404 995 2287

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David Gutting_Commercial Real Estate Broker
David Gutting

+1 404 995 2283

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