Henry House at Clift Farm

1435 Balch Road ​ | ​ Madison, al 35757

273 Units

1,074 Avg Sq Ft

Built 2021

The Opportunity

Berkadia Real Estate Advisors is pleased to present Henry House at Clift Farm, a 273-unit, 2021-built suburban core Class AA apartment community located in an affluent, high-growth area of one of the hottest employment markets in the U.S. ​ Designed as a “build-to-hold” asset, the Property features an attention to detail and quality that provides a distinct competitive advantage over its competitors. ​ Henry House is nestled in the exclusive 600-acre Clift Farm master-planned development which provides unmatched connectivity and walkability to upscale retail, including numerous restaurants and a new Publix-anchored center, as well as a walkway and trail system, all while maintaining superb connectivity to the area’s major job nodes. ​

This amenity-rich asset has just completed its lease-up at a record pace of 45 units per month between first move-ins and attaining 100% leased status. ​ Rents are now poised for rapid growth as the “construction discount” loss-to-lease is burned off. ​ Market leading demographics and an exceptional rent-to-income ratio at the Property create further immediate upside in rents. Henry House at Clift Farm represents an unparalleled opportunity to acquire a premier Class AA asset with distinct competitive differentiators including offering highly rated schools and a property tax advantage over nearby properties in the area.

investment highlights

AMENITY-RICH CLASS AA PRODUCT WITHIN UPSCALE MASTER-PLANNED COMMUNITY

  • Designed/constructed as “built-to-hold,” Henry House features a higher level of quality and detail than most competitors ​
  • Part of the 600-acre Clift Farm master-planned mixed-use development enjoying top rated schools and a property tax advantage over most competitors

HUNTSVILLE’S “ROCKET” ECONOMY CONTINUES TO SOAR – 35k+ NEW JOBS

  • Multiple large new high-tech, advanced manufacturing, and government related developments forecasted to generate more than 35,000 new high-paying jobs
  • The #1 greatest concentration of engineers and one of the greatest concentrations of PhD’s in the Nation

SUPERB LIFESTYLE LOCATION

  • Huntsville recently ranked as #3 best city to live in the country
  • Located a 1/2 mile from the submarket’s dominant medical, retail and commercial corridor, experiencing tremendous new growth
  • Exceptional connectivity to the largest concentration of luxury shopping and retail in the submarket

EXCEPTIONAL INVESTMENT LONGEVITY WITH SIGNIFICANT RENTAL UPSIDE TO NEW OWNER

  • Leasing velocity of 45 units per month sets stage for future rent growth
  • Exceptional demographics and rent-to-income ratio proves immediate rental upside
  • Construction discount and shifting of lease-up pressure allows for significant rental increases

“RENTER-BY-CHOICE” DEMOGRAPHICS AND TOP RANKED SCHOOLS

  • Average HHI income: $95,000+ ​ ​ Average Age: 33
  • Madison County schools are consistently ranked among the best in the state
  • Sparkman High School was recently named one of the best high schools in Alabama by U.S. News and World Report

 

Community Amenities

  • Resort Style Saltwater Pool With Cabanas And Sun Decks
  • Expansive Clubhouse With Wi/fi
  • Fitness Center With Separate Private Studio
  • Clubroom With Lounge Area, Kitchen And Coffee Bar
  • Game Room
  • Business Center
  • 24/7 Luxor Package Concierge & Package Receiving Room
  • Poolside Shower
  • Large Pavilions (2) With Outdoor Tv, Gas Fireplace And Lounge
  • Outdoor Kitchens (2) With Two Gas Grills Each
  • Dog Park (Separate Large And Small Dog Areas)
  • Dog Washing Spa
  • Playground With Seating
  • Electric Car Charging Stations (Two 2-hose Stations)
  • Detached Garages (42)
  • Storage Units (16) - 10 Large; 6 Small
  • Bike Storage In Five Buildings (7-8 Bikes Each)
  • Smoker Shelters With Seating & Roof
  • Tree-lined Pedestrian Bridge Over Knox Creek (Coming Soon)
  • Creekside Nature Area
  • Valet Trash Service
  • Reserved Parking Spaces (5) At Extra Charge

Unit Amenities

  • Full Size Washer/dryers
  • Luxury Wood Grain Vinyl Plank Flooring (Acoustic-mat Sound Insulation)
  • Custom Closet Systems & Solid Surface Shelving
  • Granite Countertops (Kitchen And Bathrooms)
  • Glass Tile Backsplash In Kitchen
  • Stainless Steel Appliance Package With Glass-top Range
  • Farm-style Stainless Steel Sinks
  • Island Kitchens*
  • Built-in Countertop Desk Space*
  • 9 Foot Ceilings With Vaulted Living Area In All Top-floor Corner Units
  • Ceiling Fans In Living Room And All Bedrooms
  • Pendant Lighting Over Kitchen Islands
  • Custom Led Lighting Package With Puck Lights
  • Private Patio And/or Balcony

*in Select Units

Contact Us

BErkadia Team

Investment Advisors

David Wilson, MAI

Senior Director
256.682.9143
david.wilson@berkadia.com

Russ Hardy

Managing Director
404.422.0499
russ.hardy@berkadia.com

Mortgage Bankers

Tom Genetti

Managing Director
205.403.5545
tom.genetti@berkadia.com

1435 BALCH ROAD ​ | ​ MADISON, AL 35757

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. ​

© 2021 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.