Preserve at Ridgeville — Sale in Ridgeville, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Ridgeville, SC 29472
  • Size: 522,720 SF
  • Year built: 2022

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Description

JLL, as exclusive advisor, is pleased to present the opportunity to acquire Preserve at Ridgeville (the “Asset”, the “Property”, or the “Offering”), a newly delivered, 240-unit, Class-A, gardenstyle community located in Ridgeville, SC. Situated within the Charleston MSA, the Offering is the chance to inherit premium, high-performing product and step into a quickly-expanding path of progress in one of the most desirable markets in the Southeast. Completed in May 2023, Preserve at Ridgeville is the result of keen foresight and planning by ownership that will continue to capitalize on the momentum of Charleston’s economy. The Asset grants immediate and attractive yield, with proven concession burn and rent growth trajectory. The Property has shown incredible recent performance, posting a concession drop of 6.0% (T12) to 0.2% (T1) and recent average trade-outs of over 9%. Notably, the Asset is the only Class-A conventional multifamily project in Ridgeville. It is a direct beneficiary of many large-scale manufacturing and logistics hubs that have relocated there such as Volvo, Walmart, and Redwood Materials – all of which are less than an 8-min drive . Over 60% of current residents at the Property are employees of major corporations. The greater Berkeley / Dorchester counties have also seen massive investment recently with Google’s $9B datacenter expansion. The Property is directly off the I-26 commuter throughfare, allowing for seamless access to these economic drivers and the greater Charleston MSA. This area adjacent to Summerville has experienced explosive growth due to geographic constraints, population patterns, affordability differential, and economic expansion. Supply for Summerville is quickly leasing up, by Q4 2026 over 90% should be absorbed and 2026 deliveries are on pace to be down over 80% from 2024/2025. Located just two exits away on I-26 is Nexton – South Carolina’s #1 ranked master-planned development. Preserve at Ridgeville is perfectly positioned t

Market Context

This multifamily in Ridgeville, SC is listed for sale across 522,720 SF. The building dates to 2022. Compare it against other multifamily listings for sale in Ridgeville, SC — view the full market.

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