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THE RESIDENCES AT COOPER BEND

Name: Residences at Cooper Bend
Location: Hanahan, SC
Number of Units/SF: 76
Closing Date:

The Residences at Cooper Bend is a 76-unit, 1972-built garden apartment community conveniently just outside of Charleston, SC in Hanahan, SC. Hanahan is a terrific neighborhood known for excellent schools and easy access to the robust and diversified economic base with strengths in aerospace, automotive manufacturing, tourism, and logistics.

The property includes 9 buildings on 3.5 acres of property and a rentable area of 60.600 square feet. The Residences at Cooper Bend is a compact community that is ripe for a trendy re-design and reposition in this fast-growing market. The Residences at Cooper Bend is ideally situated for completion of an interior and exterior value-add program which is obtaining $100-$125 premiums on average at similar properties.

Unit mix for The Residences at Cooper Bend include: 12 studio apartments, averaging 550 square feet; 8 one-bedroom apartments, averaging 750 square feet; and 56 two-bedroom apartments, averaging 850 square feet. Average unit square feet for the property is 792 square feet.

We intend to re-brand this asset from the current outdated brand (Colony Square Apartments) to a trendier Residences at Cooper Bend given the property’s prominent location on a bend of the Cooper River.

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