Legacy Grand at Concord Apartments

4600 MBA Court, Concord, NC 28027

Property Overview

Legacy Grand at Concord is a 240-unit, Class A apartment community located in Concord, North Carolina that was constructed in 2010. The property is situated on 18.4 acres and includes 17 residential buildings and a single-story clubhouse and office.

Of the residential buildings, there are eight two-story buildings with 64 attached garages, five three-story buildings and four four-story buildings, which provide a variety of floor plans for residents. Units feature 9-foot ceilings with elegant crown molding, walk-in closets and dark-wood-finished cabinetry.

Investment at a Glance

Location: Concord, N.C.

Property Type: Class A Apartment Community

Acquisition Date: February 19, 2014

Purchase Price: $28,000,000

No. of Buildings: 17

No. of Stories: 2, 3 and 4

No. of Units: 240

Square Footage: 283,783 SF

Year Built: 2010

Leased Percentage (at the time of Acquisition): 91%

$28,000,000 Total Purchase Price
286,500 square feet Total Rentable Area
240 Unit Apartment Community