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100 Cross Creek Drive | LaGrange, GA 30241
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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
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
INVESTMENT SALES
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THE LOCATION
INVESTMENT HIGHLIGHTS
IAN SHAW
Director
404.654.2347
Ian.Shaw@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
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The Asset
The Opportunity
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The Location
New owner has the opportunity to renovate 56 out of 80 units with renovated comps achieving average rents up to $160 higher than the subject
MARKET PROVEN Value-Add Opportunity:
unit amenities
Fully Equipped Kitchen
Black Appliances*
Vinyl Flooring
Multi-Speed Ceiling Fans
Walk-in Closets
Washer and Dryer Connections
Patio
Property Summary
Property Name Address City, State, Zip County Units Built Buildings Stories Density Site Acreage Total Rentable SF Average Unit SF Exterior Roof
Parking
Cross Creek 100 Cross Creek Drive LaGrange, GA 30241 Troup 80 1989 40 One-Story, Duplex-Style 10.8 Units Per Acre 7.4 79,902 999 Brick Pitched - Composition Shingle 80 Spaces
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 company business in Nevada.
© 2024 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 Berkadia Affordable Tax Credit Solutions. 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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100 Cross Creek Drive | LaGrange, GA 30241
the asset
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Judy MacManus
Managing Director 404.654.2074 Judy.Macmanus@berkadia.com
Matt White
Managing Director 404.445.1070 Matt.White@berkadia.com
Scott Bray
Managing Director 678.388.2507 Scott.Bray@berkadia.com
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INVESTMENT HIGHLIGHTS
100 Cross Creek Drive | LaGrange, GA 30241
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 company business in Nevada.
© 2024 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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 BANKING
INVESTMENT SALES
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
ATLANTA OFFICE
THREE ALLIANCE CENTER
CONTACT US
Cross Creek consists of all two-, three-, and four-bedroom units
Desirable Unit Mix
Competitors’ rents currently outpace subject‘s average in-place rent by $110
OPPORTUNITY TO PUSH RENTS TO MARKET
Average monthly mortgage payments for homes in area outpace Cross Creek’s market rents by $1,171
Discount to Homeownership
MIKE RILEY (LEAD)
Senior Director 470.681.1389 Mike.Riley@berkadia.com
