Echelon Park

740 McDonough Parkway
McDonough GA

Echelon Park View1

Property Type

Multifamily
Property Size
240 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 Echelon Park (“The Property”), a prime multifamily investment opportunity located within metropolitan Atlanta’s rapidly growing City of McDonough, GA, part of the highly under-supplied “Southern Crescent” market. The Property features impressive and submarket leading curb appeal with meticulous “360-degree” landscaping. Resident lifestyle is further enhanced with low eight-unit per acre density offering more of a sense of community. Echelon Park has immediate accessibility to over 285,000 jobs located along the I-75 corridor, including Hartsfield-Jackson International Airport, Henry County’s burgeoning healthcare industry, and McDonough’s logistic/industrial center. Completed in 1997, Echelon Park is set amongst 29 manicured acres and features a desirable collection of oversized floorplans, averaging a large 1,169 square feet across its 240 units. The Property represents one of the most attractive and extremely well maintained, high-quality assets within the “Southern Crescent.”


Features

OFFERING HIGHLIGHTS ? Located along the I-75 corridor – home to over 285,000 jobs ? Extremely attractive, attentively maintained asset located in under-supplied “Southern Crescent” submarket ? McDonough boasts compelling demographics combined with dynamic population growth and no units in its development pipeline ? 6.75% YoY rent growth from Q1-2016 to current rent roll ? Strong, double digit cash-on-cash returns ? Value-Add Opportunity – new ownership can boost income by further modernizing unit finishes, leveraging off current interior renovation initiative

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David Gutting_Commercial Real Estate Broker
David Gutting

+1 404 995 2283

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Russ Hardy_Commercial Real Estate Broker
Russ Hardy

+1 404 995 2332

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Derrick Bloom_Commercial Real Estate Broker
Derrick Bloom

+1 404 995 2287

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