2111 Orange Grove Rd
Hillsborough, NC 27278

Marcus & Millichap is pleased to offer, to a qualified investor, Bentley Woods, a 48-unit, garden-style community located in Orange County. Bentley Woods is located at the intersection of Interstates 85 and 40 with quick access to the University of North Carolina as well as nearby Chapel Hill, Durham, and Raleigh, anchoring the Triangle area. Bentley Woods offers an investor the opportunity to take over a proven value-add initiative. The current owner has begun repositioning the property which has resulted in rent growth of approximately $100 per unit. Even with the current rent increase, Bentley Woods is well positioned in the market with market rents below most comparable properties. Located in Hillsborough, Bentley Woods' Orange County location provides residents with access to some of the top-rated public schools in the state as well as a short drive away from nationally recognized institutions such as the University of North Carolina and Duke University. The Triangle, anchored by these prestigious schools, as well as by the thriving tech and healthcare industries throughout, provides many opportunities for those living in and around the area. The subject property is also less than three miles away from the new UNC Health Care Hillsborough Campus, newly opened in 2015. In addition, the property is nearby to ample retail including national tenants such as Wal-Mart Supercenter and Food Lion as well as the downtown Hillsborough area, featuring local shops, restaurants, and Weaver Street Market, a local co-op grocery store with three locations throughout the Triangle. Bentley Woods offers an investor the opportunity to acquire an asset in a desirable, high barriers-to-entry market with a proven value-add program in place. Furthering the asset' s appeal is the large spread between subject property rents and market comparable properties. Our team is proud to offer this exclusive listing at a price of $3,395,000, a stabilized cap rate of 7.00%.