Rockledge

2075 Powers Ferry Rd
Atlanta GA

Rockledge View1

Property Type

Multifamily
Property Size
708 Units
Available Space
708 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 Rockledge (the “Property”), a 708-unit multifamily community with an extremely rare location on the Chattahoochee River, providing residents with direct walkable access to the river, national park trails, and an unreplicated outdoor lifestyle amenity. The Property also boasts an incomparable 18,000 SF clubhouse and amenity set, all nestled at the center of Atlanta’s largest employment base within the affluent Cumberland submarket of East Cobb County. Located less than a mile from I-75 and the I-285 loop, residents enjoy superb connectivity to Atlanta’s top employment nodes of Cumberland/Galleria, Buckhead, Perimeter Center, and Midtown/Downtown. Rockledge attracts a professional profile who seek a peaceful residential haven with convenience to Blue Chip employers, luxury regional retail, and Cumberland’s lifestyle attractions. With massive new developments throughout the submarket, limited new multifamily supply, and a large rental gap to new and renovated product, Rockledge represents an exceptional opportunity to acquire a prime asset with an unmatched location and value-add opportunity. By renovating the remaining units to the current finish level, the next owner has the opportunity to earn approximately $1.6MM in additional annual income.


Features

OFFERING HIGHLIGHTS ? Immediate Proximity to The Battery Atlanta & SunTrust Park $1.2B investment ? Situated in One of the Largest Submarkets in the Southeast 18.5M SF of office & 164,000+ jobs ? Proven Value-Add Opportunity Currently achieving average rent premiums of $240+ per month on recently renovated units New and like-kind renovated competitors in the submarket provide for $300-$600+ potential rental upside per month ? Superior Connectivity to Atlanta’s Major Job Hubs – Immediate Access to Interstate 285, Interstate 75, Highway 41, and Cumberland Boulevard ? Over $4.0 Billion in Private and Public Investments Underway in the Cumberland Submarket ? Located Adjacent to the Chattahoochee National Recreation Area 48 miles in length & 10,000+ acres ? Available on an All-Cash Basis or Debt Assumption

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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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