Lofts at Midtown

Investment Highlights

Incredible location

Located in Midtown Mobile with A+ visibility, The Lofts at Midtown sits next to Dew Drop Inn, a Mobile staple, and just two blocks away from Mobile Infirmary (5,700+ employees).

Well-appointed, loft-style interiors

Units feature oversized windows, 9-10’ceilings, stained concrete/LVT flooring, stainless steel appliances, washer/dryer in each unit, shaker-style cabinets, quartz counters, undermount sinks, tile backsplashes, tile shower surrounds, and USB Power outlets

Strong leasing activity

Average in-place rent is $1.85/sf for residential units.

Complementary commercial component

Includes 8,250 sf of commercial space with leases signed with Pure Barre (fitness), Nova Market (coffee/grocery), and Big Bad Breakfast (breakfast/lunch). Average leased retail rent is $25.61 PSF.

Investment Summary

  • Status: Under Contract
  • Mobile, AL
  • Total Units: 24
  • Year Built: 2021
  • Avg In-Place Rent: $1,208
  • Avg In-Place Rent PSF: $1.85 PSF
  • Commercial Space: 8,250 SF
  • 100% Leased

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