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MORTGAGE BANKING
INVESTMENT SALES
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955
AVG SF
1971
BUILT
464
UNITS
The Asset
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2800 Paces Ferry Rd | Atlanta, GA 30039
2800 Paces Ferry Rd | Atlanta, GA 30039
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Property Info Summary
Property Name Address City, State, Zip Units Built Average Unit SF
Beacon Ridge 5401 Old National Highway College Park, GA 30349 370 1972 879
IAN SHAW
Associate Director
404.654.2347
Ian.Shaw@berkadia.com
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
Judy MacManus
Managing Director 404.654.2074 Judy.Macmanus@berkadia.com
Matt White (LEAD)
Managing Director 404.445.1070 Matt.White@berkadia.com
Scott Bray
Managing Director 678.388.2507 Scott.Bray@berkadia.com
PAUL VETTER (LEAD)
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
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
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
ATLANTA OFFICE
THREE ALLIANCE CENTER
Property Name
Address
City, State, Zip
Units
Built
Renovated
Average Unit SF
District at Vinings
2800 Paces Ferry Rd
Atlanta, GA 30039
464
1971
2017
955
Property Info
Investment Highlights
All units at District at Vinings are renovated to a mid-level renovation. The current owner has upgraded 22 units to a luxury-level renovation, generating over $200+ premiums over in-place rents.
Desirable Demographics: AHI Exceeds $147K within three miles radius and 82% employed in white collar jobs.
Well-Positioned Asset: District at Vinings is located in the heart of this amenity-rich area and is adjacent to Vinings and The Galleria, which account for over 35% of Cobb's employment.
Substantial Capital Infusion: $18,778/unit invested in asset preservation, curb appeal, and resident experience.
Opportunity to Push Rent to Market: competitors’ rents outpace subject’s in-place rents by $329.
Highly Marketable Unit Mix: Spacious one-, two, and three-bedroom units averaging 955 SF with 32% loft/townhome floor plans.
Discount to Homeownership: District at Vinings is situated in a prestigious area where the average home price within a three-mile radius is $747,493. This would result in a monthly mortgage payment of $4,555, significantly higher than District at Vinings's market rent of $1,523.
Condo Development: District at Vinings presents a unique opportunity for expansion with the potential to add additional units which will increase the property's revenue and overall value.
Low-Density Development: District at Vinings offers low-density development in a growing urban location, spanning 38 acres. The property features four lakes, walking trails, outdoor putting green, private grilling and dining area, firepit, brand-new dog park, and resort-style pool.
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Photo Gallery
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2017
Renovated
All units at District at Vinings are renovated to a mid-level renovation. The current owner has upgraded 22 units to a luxury-level renovation, generating over $200+ premiums over in-place rents.
Desirable Demographics: AHI Exceeds $147K within three miles radius and 82% employed in white collar jobs.
District at Vinings is located in the heart of Vinings; the area is rich with amenities and is adjacent to The Galleria, all of which account for over 35% of Cobb's employment.
Substantial Capital Infusion: $36,638/unit invested in asset preservation, curb appeal, and resident experience.
Opportunity to Push Rent to Market: competitors’ rents outpace subject’s in-place rents by $329.
Highly Marketable Unit Mix: Spacious one-, two, and three-bedroom units averaging 955 SF with 32% loft/townhome floor plans.
Discount to Homeownership: District at Vinings is situated in a prestigious area where the average home price within a three-mile radius is $747,493. This would result in a monthly mortgage payment of $4,555, significantly higher than District at Vinings's market rent of $1,523.
Condo Development: District at Vinings presents a unique opportunity for expansion with the potential to add additional units which will increase the property's revenue and overall value.
Low-Density Development: District at Vinings offers low-density development in a growing urban location, spanning 38 acres. The property features four lakes, walking trails, outdoor putting green, private grilling and dining area, firepit, brand-new dog park, and resort-style pool.
All units at District at Vinings are renovated to a mid-level renovation. The current owner has upgraded 22 units to a luxury-level renovation, generating over $200+ premiums over in-place rents.
Desirable Demographics: AHI Exceeds $147K within three miles radius and 82% employed in white collar jobs.
Well-Positioned Asset: District at Vinings is located in the heart of this amenity-rich area and is adjacent to Vinings and The Galleria, which account for over 35% of Cobb's employment.
Substantial Capital Infusion: $18,778/unit invested in asset preservation, curb appeal, and resident experience.
Opportunity to Push Rent to Market: competitors’ rents outpace subject’s in-place rents by $329.
Highly Marketable Unit Mix: Spacious one-, two, and three-bedroom units averaging 955 SF with 32% loft/townhome floor plans.
Discount to Homeownership: District at Vinings is situated in a prestigious area where the average home price within a three-mile radius is $747,493. This would result in a monthly mortgage payment of $4,555, significantly higher than District at Vinings's market rent of $1,523.
Condo Development: District at Vinings presents a unique opportunity for expansion with the potential to add additional units which will increase the property's revenue and overall value.
Low-Density Development: District at Vinings offers low-density development in a growing urban location, spanning 38 acres. The property features four lakes, walking trails, outdoor putting green, private grilling and dining area, firepit, brand-new dog park, and resort-style pool.
All units at District at Vinings are renovated to a mid-level renovation. The current owner has upgraded 22 units to a luxury-level renovation, generating over $200+ premiums over in-place rents.
Desirable Demographics: AHI Exceeds $147K within three miles radius and 82% employed in white collar jobs.
Well-Positioned Asset: District at Vinings is located in the heart of this amenity-rich area and is adjacent to Vinings and The Galleria, which account for over 35% of Cobb's employment.
Substantial Capital Infusion: $18,778/unit invested in asset preservation, curb appeal, and resident experience.
Opportunity to Push Rent to Market: competitors’ rents outpace subject’s in-place rents by $329.
Highly Marketable Unit Mix: Spacious one-, two, and three-bedroom units averaging 955 SF with 32% loft/townhome floor plans.
Discount to Homeownership: District at Vinings is situated in a prestigious area where the average home price within a three-mile radius is $747,493. This would result in a monthly mortgage payment of $4,555, significantly higher than District at Vinings's market rent of $1,523.
Condo Development: District at Vinings presents a unique opportunity for expansion with the potential to add additional units which will increase the property's revenue and overall value.
Low-Density Development: District at Vinings offers low-density development in a growing urban location, spanning 38 acres. The property features four lakes, walking trails, outdoor putting green, private grilling and dining area, firepit, brand-new dog park, and resort-style pool.
Russ Hardy
Managing Director 404.422.0499 Russ.Hardy@berkadia.com