Introduces
Marketplace Square Apartments
152 Units on 9.86 Acres in a Fast-Growing Economy
Executive Summary
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Average Cashflow Throughout Hold
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Average Annualized Returns
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6 Year Return
Capex Improvements
Request The Detailed Investor Presentation
(Videos & Slide Deck)
Accredited and foreign investors are welcome
Investor slots are very limited!
Prime Location
Embedded in the 1.2 MM SF Camp Creek Marketplace district, the premier retail destination serving the area and the only Target center in a 10-mile radius. Spanning 30 acres, the Camp Creek Marketplace power center sustains an employment base of 2,000 and serves a trade area of 460,000.
Employment
Lowe’s, Target, BJ’s Wholesale Club, American Signature Furniture, L.A. Fitness, Marshalls, Ross Dress For Less, T.J. Maxx, AMC Cinemas, Beauty Master, Staples, PetSmart, and Starbucks are nearby.
Heavy Upgrades
Why Atlanta and Marketplace Square Apartments
MPF’s forecast calls for increases in organic rent growth of
Greater Atlanta’s population is forecast to grow
Average rent trails the competition by $169. This allows room to bring all units to upgrade level pushing rent to a more competitive level and achieve an average premium of
The team will have put in place $1MM in rehab, and once coupled with the FAA grant and the previous owners $2.7MM in rehab the property will have had
Market Overview
The Atlanta’s total population now exceeds 5.9 million people and has grown79%the nation’s 9th-largest MSA and one of the fastest growing.
Apartment Market Overview
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Growth in overall submarket effective rent since 2010
Units delivered within 3 miles (1977-2018)
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Current vacancy in South Fulton submarket
Major Employers
Hartsfield-Jackson International Airport
63,300K Direct Jobs; 450,000 Regional Jobs; $64.2B Economic Impact & Airport Industrial District.
Sysco Atlanta
900+ jobs
Campcreek Marketplace
2000 jobs
And many more detailed in the investor presentation
Nearby Entertainment
Camp Creek Marketplace
718,590 sf retail property Including major chains like Target, Old Navy, Ross, Party City, Red Lobster, Chick-fil-A, Longhorn Steakhouse.
Greenbriar Mall
8 million dollar exhibit with many retail outlets. The facility includes dinosaur skeletons and an IMAX theater.
Adams Park & Recreation Center
15,500 SF center located on a large park. The center provides the community with accessible pools, sport courts, exercise facilities, and nature paths.
College Park Golf Course
CP is a 9 hole course that is a pleasure for golfers of all skill levels.
Nearby Education
Marketplace Square is centrally located near University/GA Perimeter College (GSU), Kennesaw State University (KSU), and GA Institute of Technology providing residents very easy access to higher education opportunities.
Brookview Elementary School, Woodland Middle School and Banneker High School are each within a 10 minute drive of the property.
Tour The Property
Each apartment features contemporary design and modern colors. All apartments have granite counter tops and modern cabinetry in the kitchens. Luxurious bath rooms have high end fixtures.
Modern Kitchen
The modern design and island invites guests in and provides a fun, social environment for tenants to entertain friends and family
Contemporary Design Modern Colors
The contemproary, modern design attracts high quality tenants
Luxurious Bathrooms
The bathrooms ooze luxury from the granite to the full-size bathtub
Granite Counter Tops
Granite brings the outdoors in and adds desirability and value to the units
Picturesque Landscaping
Well Maintained Exterior
Business Plan
Management
Professional Property Management – currently manage 8,000+ units in SE, with the majority in the ATL MSA; managed several deals in this area over the years and very familiar with this pocket.
Capex
$960,000 in improvements to interiors and bringing units back online, addition of various amenities, as well as a parking lot, roofs, and office updates.
Property Improvements
New signage, updated landscaping, solar screens, fenced in first floor patios, & playground upgrade.
Increase NOI, Reduce Expenses
Update & bring online strategic units for immediate revenue boost, move rents to market and reduce expenses.
%
Average Annual Cashflow
%
Average Annualized Returns
%
6 Year Return
Capex Improvements
Disclaimer
The information contained in this overview and initial plan is considered confidential and is solely for the use of prospective investors to determine the level of interest in the Marketplace Square Apartment complex located in Atlanta, GA. While the information contained in this overview, plan and model has been compiled from various sources, we believe it to be reliable based on the data used and neither Ben Suttles, Feras Moussa, Mark Kenney, Tom Reid, Philippe Schulligen or its representatives make any representation or warranties as to the accuracy or completeness herein. All financial information and projections are provided for reference only and are based on assumptions relating to the general economy, market conditions, and other factors beyond our control. All prospective investors are encouraged to conduct their own independent due diligence investigation, review, financial projections, and consult with their legal, tax, and other professional advisors before making an investment decision. This opportunity is offered under a 506c offering and is only intended for accredited investors.
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