10 Glenwood Way, Stockbridge, GA 30281
MULTIFAMILY For SaleYear Built: 2003
Floors: 3
Class: B
| Space | Size | Type | Pricing |
|---|---|---|---|
| The Glen at Lanier Crossing | SALE | Contact for pricing |
David Gutting - Newmark - Atlanta
PHONE: 4042167030
Derrick Bloom - Newmark - Atlanta
PHONE: 6784711196
Brooks Colquitt - Newmark
Newmark is pleased to present The Glen at Lanier Crossing, a 264-unit apartment community in Stockbridge, Georgia, built in 2003 and renovated in recent years. The Glen at Lanier Crossing offers an opportunity to invest in a high quality asset in the sought-after Henry County side of burgeoning Stockbridge, which has seen accelerated economic and population growth over the last 20 years. Strategically positioned along the fast-developing I-75 South Corridor, a critical artery for Atlanta’s logistics and distribution sectors, The Glen at Lanier Crossing provides residents with convenient access to over 75,000 logistics and e-commerce jobs; direct connectivity to downtown Atlanta and the Hartsfield-Jackson Atlanta International Airport, and proximity to top-tier retail, quality schools, and a low overall cost of living. Current ownership has invested $4.2M in CapEx including a new leasing office and resident clubhouse, fitness center, and upgrades to 238 units. Recent lease trade outs have been signed at $300+ premiums on new move ins. The new owner can capitalize on the momentum by upgrading the remaining 26 classic units, partially upgrading the 238 renovated units, adding washer/dryers to 25 units, and further enhancing the amenity space to achieve a rent premium of $117 on average.