Johns Island (Maybank Corridor)
Sanderling Townhomes: a to-be-built, 56- unit, build-to-rent townhome community along Maybank Highway (20,000+ VPD) in Johns Island, SC, a burgeoning eastern suburb of Charleston, SC. This Class A community will feature a 50/50 split between two and three-bedroom townhomes, with modern interior finishes and attached ground floor garages. Additionally, the site benefits from excellent accessibility to the extensive retail centers, employment demand drivers, and recreational opportunities in both Johns Island and the Greater Charleston area. Further, the high barriers-to-entry make fundamentals in the market and submarket nothing short of superb and ongoing population and employment growth will continue fueling demand for rental housing in the area. The premier accessibility, build-to-rent townhome product type, employment strength, and excellent multi- family fundamentals of the area satisfy many investment pillars for potential limited partners.
Johns Island is one of the hottest local Charleston markets but has a high barrier of entry due to zoning and utility access, providing protection from further supply coming to the area. Additionally, the strip of Maybank Highway between Main Road and River Road is the only section of the town that currently allows commercial development, as the town wants to maintain the quaint neighborhood charm and feel of Johns Island.
HCA Healthcare recently paid nearly $20 million for 55 acres through multiple transactions on several parcels along Zelasko Drive between Maybank Highway and Cane Slash Road,
In terms of employment, rapid and robust job growth have supported apartment demand in the broader Charleston market recently. Manufacturing tenants, including Boeing, Volvo, Mercedes-Benz, and Bosch have expanded in the area recently, and the continued increase in imports at the Port of Charleston has led to tremendous growth in logistics and warehousing employment.
Amenities56 townhomes for rent
Stainless Steel Appliances
Luxury Vinyl Plank Flooring
Shaw Carpeting in Bedrooms & Stairs
Wi-Fi Enabled Thermostats
Porches in Each Unit
~50% of Units with Fenced-In Yards