8938 University Dr | Commerce, GA | 30529
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.
© 2023 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: https://www.berkadia.com/licensing/.
PHOTO GALLERY
RICHARD LEVINE
Senior Managing Director
404.654.2590
Richard.Levine@berkadia.com
JOHN BRAY
Senior Managing Director
404.654.2595
John.Bray@berkadia.com
JOSH FINLEY
Managing Director
404.654.2594
Josh.Finley@berkadia.com
Mortgage Bankers:
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
IAN SHAW
Associate Director
404.654.2347
Ian.Shaw@berkadia.com
MATT WHITE
Senior Director
404.445.1070
Matt.White@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
Investment Advisors:
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
ATLANTA OFFICE
THREE ALLIANCE CENTER
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THE LOCATION
Competitors rents outpace subject in-place rents by $267
Loss-to-Market:
Average household income over $70K with highly ranked Commerce City Schools within walking distance to the property
Strong Demographics and Schools:
100% two-bedroom units with average unit size of 1,003 square feet and TH availability
Attractive Unit Mix:
64.7% of units can be renovated and charge $180+ premium
Proven Value Add:
Opportunity Highlights
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8938 University Dr | Commerce, GA | 30529
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The Asset
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499
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Number of Properties
Number of units
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Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
8938 University Drive
Commerce, GA 30529
Jackson
17
1961
4
Two-Story
6.44 Units Per Acre
2.64
17,050
1,003
Brick Masonry
Pitched - Composition Shingle
PROPERTY SUMMARY
Unit Amenities:
Newly Renovated Units*
Fully Equipped Kitchen
Granite Countertops*
Wood-Style Flooring*
White Cabinetry*
Ceiling Fans*
Washer and Dryer Connections*
* Select Units
AMENITIES
Community Amenities:
Laundry Facility
Covered Parking
The Asset
The Opportunity
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Contact
Mike Riley
Director
470.681.1389
Mike.Riley@berkadia.com
$9800+/unit invested in new roofs (replaces in 2021), 13 new HVAC units, all new water heaters and expansion tanks
Heavy Lifting Complete:
Monthly mortgages payments for median home values in area outpace market rents
Discount to Homeownership:
