Magnolia Ridge Apartments UNDER CONTRACT
Metairie, LA - 228 units
Larry G. Schedler & Associates, Inc. and The Cushman & Wakefield Southeast Multifamily Advisory Group are pleased to present the exclusive listing of the 228-unit Magnolia Ridge apartment community located in Metairie, Louisiana in the New Orleans metro area. This asset is situated in the high barriers-to-entry submarket of Metairie, boasting upscale demographics, solid single-family housing stock, and limited apartment deliveries. These characteristics drive strong growth trends and low historic vacancy. The subject is minutes from millions of square feet of high-end retail, including Lakeside Shopping Center, and Class A office space such as the Galleria Tower, housing numerous major employers. Magnolia Ridge presents an opportunity to acquire an asset with proven value-add, below replacement cost, in one of New Orleans premier submarkets.