Axis at Perimeter

8 Perimeter Center East
Atlanta GA

Axis at Perimeter View1

Property Type

Multifamily
Property Size
312 Units
Available Space
312 Units
Tenure
Sale
Price
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DescriptionClick Here To View Mapped Property

Click Here To View Mapped Property

JLL is pleased to present Axis at Perimeter (“The Property,” “Axis”), a 312-unit, 2009 vintage multifamily community, offering a core-plus investment opportunity and embracing the exceptionally walkable urban Perimeter Center lifestyle. Axis has established itself as one of Perimeter’s most prominent Class A mid-rise communities, offering “last-generation” luxury finishes, a defining and diverse amenity set, and superior construction quality with long-term investment-grade durability. Situated strategically and squarely within Perimeter Center, Atlanta’s premiere office and retail destination, the Property is enveloped by nearly 29M SF of Class A office, including over 6M SF of new office development soon or currently underway. The combination of this explosive office nexus, coupled with exponential population growth, makes Perimeter Center the economic center of gravity in Atlanta. With robust rental growth of 8% to drive current yield, the opportunity exists to modernize and expand the Property’s amenity base, and adopt a more modern core-plus unit upgrade strategy and push rents $300/unit to compete head on with newer Perimeter Center communities.


Features

Investment Highlights  Medical Powerhouse: Situated at the backdoor of “Pill Hill,” a three hospital juggernaut, residents have immediate access to a collection of the best medical jobs in the Nation  Walkable Lifestyle: Axis is immersed within one of the largest lifestyle centers in the MSA with access to dozens of restaurants, retail, and entertainment, all within 1 mile of Axis  Unparalleled Connectivity: Walkability to 2 Marta stations provides key access to entire MSA  Sustained Economic Growth: The impending office development pipeline and corresponding job influx greatly exceeds multifamily pipeline elevating demand for existing luxury class communities  Under rented market position allows for $300+ rental growth opportunity with unit modernization strategy  Midtown & Buckhead rental gap of $0.40+/ SF opens door for value add program to substantially increase rents and still provide a value proposition

Contact broker
David Gutting_Commercial Real Estate Broker
David Gutting

+1 404 995 2283

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Derrick Bloom_Commercial Real Estate Broker
Derrick Bloom

+1 404 995 2287

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