The Adair

415 Morgan Falls Road
Sandy Springs GA

The Adair View1

Property Type

Multifamily
Property Size
232 Units
Available Space
Not available
Tenure
Sale
Price
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DescriptionClick Here To View Mapped Property

Click Here To View Mapped Property

JLL is pleased to present The Adair, a meticulously developed community perfectly placed along the banks of the Chattahoochee River in Atlanta’s affluent residential enclave of Sandy Springs. Originally developed by Walton Communities in 2000, the 232-unit property offers the largest floorplans in the submarket and features exclusive river views. Additionally, The Adair’s central location provides residents easy access to the GA-400 Corridor’s 300K jobs and to quality of life amenities such as popular Downtown Roswell and Sandy Springs. Residents further enjoy walkable amenities, including the neighboring Morgan Falls Overlook Park, the Chattahoochee River, and several others. The Adair offers residents a convenient, low density infill location, while providing a unique active suburban lifestyle.


Features

OFFERING HIGHLIGHTS ? Dynamic value-add opportunity • Proven $300+/unit renovation premiums ? Exclusive walkability to off-site amenity set • One of Atlanta’s exclusive communities located on the Chattahoochee River • Direct access to neighboring riverside park, trails, and adjacent golf course ? Strategic location along GA-400 employment corridor • Connectivity to North Atlanta’s largest job markets - 300k Jobs ? Submarket offers top tier demographics • Average household income is $120k+ ? Sandy Springs has significant barriers to entry • Below replacement cost of new suburban product • Heightened by recent amendment to city’s building code restricting wood-framed construction ? Sustained organic rent growth ? Execellent basis investment w/ largest floorplans (1,400+ avg. unit size)

Contact broker
Derrick Bloom_Commercial Real Estate Broker
Derrick Bloom

+1 404 995 2287

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Russ Hardy_Commercial Real Estate Broker
Russ Hardy

+1 404 995 2332

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David Gutting_Commercial Real Estate Broker
David Gutting

+1 404 995 2283

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