Whisperwood

Asset Type

Residential

Address
6029 Flat Rock Rd Columbus, GA United States 31907-7539
Asking Price

Contact for pricing

Sq Footage

12,758,268

Year Built

1986

Cap Rate

N/A

Additional Attributes

Property Description

PROPERTY SUMMARY

Address 6029 Flat Rock Road

Columbus, Georgia 31907

Year Built 1980/82/84/

86/98

No. of Apartment

Homes 1,000

Net Rentable

Area (SF) 1,185,272 Avg. SF per Unit 1,185

# of Residential

Buildings 66 Avg. Effective

Rent $757

Land Area

(acres) 108.50 Avg. Effective

Rent/SF $0.64

Density

(units/acre) 9.22 Occupancy

(as of 4/30/2019) 95%

Parking Spaces 2,200 Leased

(as of 4/30/2019) 98%

Parking Ratio 2.20

Investment Highlights

››Offered with optionality of attractive inplace

debt

››Whisperwood presents substantial yield for

next owner notwithstanding the proposed

value-add opportunity

››Ownership successfully tested renovations

for $140 and $240 premiums

››Renovated North Columbus peers achieve

rents $175+ higher than Columbus’ classic

finishes today, with a rental ceiling of

$350+ established by newer product built

from 2010 to 2013

››Most expansive amenity set in the MSA and

double that of North Columbus peers

››Immediate proximity to MSA’s major

employers such as BlueCross BlueShield,

Pratt & Whitney, Aflac, TSYS, and Synovus

››Advantageously positioned in North

Columbus, home to the MSA’s most affluent

resident base

››Heightened locational appeal with growing

high-end retail presence – New 86-acre

lifestyle development delivering in 2020

within walking distance of Whisperwood

Listing Contacts
Derrick Bloom
Derrick Bloom
Managing Director
+65 3159 4021
David Gutting
David Gutting
Managing Director
+65 3159 4021
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