Overview
Colliers has been retained as the exclusive agent to arrange the sale of Millennium Place (“the Property”), a luxury apartment community located in the burgeoning city of Corinth, Texas. Millennium Place consists of two (2) four-story, elevator-serviced buildings with 228 apartment homes, complemented by surface parking and carports. Millennium Place is located within one of Corinth’s first true mixed-use developments which features casual dining options, cozy patio areas surrounding water features, retail shops, commercial space and hotel accommodations.
Investment Highlights
A major differentiator for Millennium Place is its assumable HUD loan that offers a below-market interest rate. Additionally, there is potential for value enhancement through light property upgrades. New ownership can drive cash flow growth through minor strategic upgrades to apartment interiors and community amenities.
- Premier Class-A Property
- Desirable Bedroom Community
- Excellent Accessibility and I-35E Visibility
- Unmatched Connectivity to Employment
- Dynamic Mixed-Use Community
- Assumable Accretive Long-Term Debt
- Light Value Enhancement Potential
- High Barriers to Entry
- Advantageous Property Tax Structure
