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6970 Shenandoah Trail, AUSTELL, GA 30168
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
MORTGAGE BANKING
JUDY MACMANUS
Senior Director
404.654.2074
Judy.MacManus@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
MATT WHITE
Senior Director
404.445.1070
Matt.White@berkadia.com
INVESTMENT SALES
CONTACT US
THE LOCATION
INVESTMENT HIGHLIGHTS
IAN SHAW
Associate Director
404.654.2347
Ian.Shaw@berkadia.com
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
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The Asset
The Opportunity
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The Location
Submarket Averaging 13.7% Annual Effective Rent Growth since 2013
STRONG FUNDAMENTALS
12 Renovated Fire Units are Poised to Lease after CO Permitting
OFFLINE UNIT OPPORTUNITY
136 Units Can Be Converted to include a Den and Achieve $300+ Premiums
PROVEN CONVERSION OPPORTUNITY
$2.1M (10.4K/Unit) Invested since 2021 on Asset Preservation and Curb Appeal
CAPITAL INFUSION
unit amenities
Dishwasher
White or Black Appliances
Tile Backsplash*
Den*
Painted Cabinetry
Updated Hardware
Wood-Style Flooring
Private Patio or Balcony
Washer/Dryer Connections**
COMMUNITY AMENITIES
Property Summary
Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Cielo at Vinings
6970 Shenandoah Trail
Austell, GA 30168
Cobb
200
1973
8
Two- and Three-Story
16.23 Units Per Acre
12.32
153,910
770
Brick and HardiPlank Siding
Pitched - Composition Shingle
THE ASSET
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 www.berkadia.com/licensing.
ATLANTA OFFICE
THREE ALLIANCE CENTER
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
JOSH FINLEY
Managing Director
404.654.2594
Josh.Finley@berkadia.com
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Pool
Fitness Center
Leasing Office
Business Center
Laundry Facility
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6970 Shenandoah Trail, AUSTELL, GA 30168
RUSS HARDY
Managing Director
404.422.0499
Russ.Hardy@berkadia.com
Terms of Use
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GALLERY
THE ASSET
OPPORTUNITY
Recent Leases Outpace In-Place Rents by 15.92%
STRONG LEASING TREND
$246 Gap between Subject Rents and Competitor Average
LOSS-TO-MARKET
Features vary by unit
*Select Units
**Two Units