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752 River Hwy | Mooresville, NC 28117
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TOWNES AT LAKE NORMAN
01
Multifamily Supply Shortages: In an attempt to mitigate impact on traffic and property values, Mooresville is actively seeking to implement a multifamily development moratorium. If approved, the Lake Norman market will notice substantial supply shortages in the Class A multifamily space.
Investment Highlights
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02
Proximity to Class A Retail: The site is conveniently located in close proximity to an abundance of Class A retail. Future residents will have access to Harris Teeter, Starbucks, Target, Lowe’s Home Improvement, Sam’s Club, and Chic-Fil-A, and more within a five minute drive.
03
Top-Notch Education System: Mooresville consistently ranks as a top 10 school district in the state of North Carolina. This development site is also located less than 15 minutes away from one of the premier private universities in the South East, Davidson College.
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04
Tremendous Population Growth: Mooresville’s population has surged by more than 50% since 2021. Proximity to Charlotte, affordable real estate, and new development across all asset classes have made the Lake Norman market an appealing re-location destination.
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LOCATION
MOORESVILLE, NC | TOWNES AT LAKE NORMAN
DEMAND DRIVER
Trane Technologies - North America Headquarters
From the Property
JOBS SUPPORTED
8.9mi
1.1k
Square-Foot Occupied
620k
NGK Ceramics USA, Inc.
From the Property
JOBS SUPPORTED
5.5mi
850
Square-Foot Facility
293k
From the Property
JOBS SUPPORTED
5.0mi
750
STUDENTS ENROLLED (FALL 2022)
Lake Norman Regional Medical Center
123
MOORESVILLE, NC | TOWNES AT LAKE NORMAN
JOBS SUPPORTED
2.5k
Schools and Centers
38
STUDENTS Served
20.3k
Lakeshore ES | Lakeshore MS | Lake Norman HS
PRIMARY EDUCATION
MOORESVILLE, NC | TOWNES AT LAKE NORMAN
NEIGHBORHOOD CONVENIENCES
Within a two-mile drive of the property
MOORESVILLE, NC | TOWNES AT LAKE NORMAN
NEIGHBORHOOD SHOPPING
Retail Stores
60
Dining Options
60
From the Property
0.6mi
Target | Walmart Supercenter | Kohl’s | Sam’s Club | Best Buy
MOORESVILLE, NC | TOWNES AT LAKE NORMAN
NEIGHBORHOOD QUICK FACTS
Iredell County Unemployment Rate(*Preliminary for February 2023)
3.4%*
Median Household Income
(Within Three Miles)
$85.2k
Renter Occupied Housing Units (Within Three Miles)
25%
Population
(Within Three Miles)
31.7k
Median Housing Unit Value (Within Three Miles)
$466.3%
QUICK FACTS
SHOPPING
CONVENIENCES
PRIMARY EDUCATION
DEMAND DRIVER
RENDERINGS
DRONE GALLERY
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/.
John Bray
Senior Managing Director
404.654.2595
john.bray@berkadia.com
Richard Levine
Senior Managing Director
404.654.2590
richard.levine@berkadia.com
Financing:
Thomas Colaiezzi
Director
901.603.8590
thomas.colaiezzi@berkadia.com
Matthew Robertson
Associate
919.812.3174
matthew.robertson@berkadia.com
Caleb Troop
Managing Director
314.607.3481
caleb.troop@berkadia.com
Mark Boyce
Managing Director
843.628.3765
mark.boyce@berkadia.com
Blake Coffey
Senior Director
843.628.3766
blake.coffey@berkadia.com
Investment ADVISORS:
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Josh Finley
Managing Director
404.654.2594
josh.finley@berkadia.com
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05
Abundance of High-Quality Jobs: The Charlotte MSA is home to 8 Fortune 500 companies diversified across banking, tech, energy, healthcare and more. A study in February of 2023 details year over year job growth over 16%, which ranks Charlotte among the strongest growth MSA’s in the Country.
