Greystone Unique Apartment Group is proud to announce the sale of a great “value-add” opportunity: SouthGlenn Place. The 74,575 square foot apartment complex recently sold for $19,500,000.
SouthGlenn Place:
A unique opportunity that will offer the new owner a stabilized multi-family asset with a significant “value-add” opportunity. The new owner will immediately be able to capitalize on the existing loss-to-lease in addition to the implementation of unit renovations resulting in significant rent increases.
- Blocks away from The Streets at SouthGlenn and Cherry Knolls Shopping Center
- Sits alone as the premier reasonably priced housing option in the immediate area
- Selling at $144,444 per unit with a market average of $170,510 per unit in this area over the past two years; SouthGlenn demonstrates the incredible value add opportunity the new owner will have
Greystone Unique Apartment Group
Once again, Unique Properties has showcased how it is a true one stop shop for all commercial real estate transactions while also delivering unparalleled results in every step of the transaction
Seller Representation: The Lippitt/Shwayder Team
Buyer Representation: The MacCarter / Kaufman Team
Financing: Greystone Financial Services
