Asking Price Contact for pricing
Sq. Footage 1,928,640
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2018

Property Description

Property Summary

  • Address 2001 Commerce Street | Alpharetta, GA 30009
  • Year Built 2018
  • No. of Apartment Homes 168
  • No. of Apartment Buildings 2 residential buildings
  • Net Rentable Area (SF) 179,175
  • Avg. SF per Unit 1,067
  • Avg. Market Rent $2,437 or $2.28 PSF
  • Avg. Leased Rent $2,362 or $2.21 PSF
  • Density 66 units per acre
  • Occupancy (as of 5.13.2019) 75%
  • *Please note the multifamily and retail portion of the development are being offered for-sale together, or separately.
  • For more information regarding the retail offering please reference the retail Offering Memorandum.

Consolidated Unit Mix

Unit Type/ # units %unit mix sf Market Rent Market Rent/sf

1BD - 1BA         76         45%         789    $1,920      $2.43

2BD - 2BA         86         51%      1,273    $2,775      $2.18

2BD - 2BA/TH    6           4%      1,621    $4,139      $2.55

Totals / Avgs   168       100%     1,067   $2,437       $2.28




Investment Highlights

  • Built 2018
  • 168 units
  • Class AA
  • 2 residential buildings
  • Part of Alpharetta City Center and retail
David Gutting
David Gutting
Managing Director
Derrick Bloom
Derrick Bloom
Managing Director
Margaret Caldwell
Margaret Caldwell
Managing Director, Captl Mkts
Vincent Lefler
Vincent Lefler
Senior Vice President
Patrick Inglis
SVP, Capital Markets
Margaret Jones
Margaret Jones
VP, Capital Markets
Sarah Steere
Manager, Market Operations
William Frankum
Associate, Production Support
Jim Sewell
SVP, Capital Markets
Andrea Howard
Andrea Howard
SVP, Capital Markets
Faron Thompson
Faron Thompson
Managing Director, Captl Mkts
Drew Markley
Drew Markley
SVP, Capital Markets
Blake Morris
Blake Morris
SVP, Capital Markets
Hunter Amos
Hunter Amos
SVP, Capital Markets
Scott Yerkes
Scott Yerkes
SVP, Capital Markets

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