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1315 marks church road | augusta | GA | 30909
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IAN SHAW (Lead)
Associate Director
404.654.2347
Ian.Shaw@berkadia.com
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
Mike Riley (LEAD)
Director 470.681.1389 Mike.Riley@berkadia.com
PAUL VETTER
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
Sage Creek
1315 Marks Church Road
Augusta, GA 30909
Richmond
120
2016
10
Three-Story
17.94 Units Per Acre
6.69
127,664
966 Brick and HardiPlank Siding
Pitched - Composition Shingle
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1315 marks church road | augusta | GA | 30909
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Property Summary
Long-Term Ownership Current ownership has held this asset since it was developed in 2016, creating opportunity for modern value creation.
Low Maintenance Turnkey Asset The residential units were completed in 2016 with the common areas and amenities completed in 2017. New ownership will have no immediate major capital needs within their business plan, allowing them to yield a more predictable ROI.
Asset Poised for Rent Growth Sage Creek trails all surrounding rent comps by an average of $319 despite being one of the newest assets in the market. Further evidence to support rent increases can be seen by the 95% T12 occupancy and minimal LTL.
Light Renovation Opportunity While Sage Creek already offers high end interiors (granite countertops, wood-look flooring, stainless steel appliances, tile backsplash, etc.), the interior scope is largely the same as when the property delivered. A new owner can replace dark cabinets, brighten paint, and improve community amenities.
Central Location Sage Creek offers a central location with employers, retail, and activities in every direction. The subject is a 13-minute walk from Augusta Mall (P.F. Chang’s, The Chop House, Barnes & Noble, Dick’s Sporting Goods, Apple Augusta, Etc.) and only 2-miles from Doctors Hospital of Augusta. Within a 2-mile radius there is 4.8M SF of retail, 2.4M SF of office space, and 1.4M SF of industrial space.
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