The Parkton_Property for Sale
The Parkton_Property for Sale
6862 Mableton Pkwy SE, Mableton, GA, 30126-6400, US

The Parkton

Asset description

Jones Lang LaSalle (“JLL”) has been retained as the exclusive sales representative for The Parkton (the “Property”), an exceptional 137-unit community located in Cobb County, one of Atlanta’s most dynamic and sought-after submarkets. Situated in a prime location, this 2000 vintage property offers residents the best of both worlds – a tranquil retreat with convenient access to an abundance of employment opportunities.


One of the standout advantages of The Parkton is its unparalleled connectivity. With its close proximity to both Interstate-20 and Interstate-285, residents can effortlessly navigate the city and enjoy easy commutes to nearby Fortune 500 headquarters and other premier organizations. This strategic positioning ensures that residents have access to a wealth of employment options and the ability to enjoy a hassle-free, convenient lifestyle.

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Attributes

Units
137 units
Occupancy
94%
Year built
2000
Year renovated
2018
Building area net
155,541 sf
Land area net
12.74 acres

Media

Investment highlights

Proximity to Employment

  • With three Fortune 500 Companies located in Cobb County, The Parkton is within a short drive to a number of large employment offerings including The Home Depot, Lockheed Martin Corporation, and many more.

Minimal Capital Expenditures

  • As a well-maintained, 2000s vintage property with recently completed interior renovations coupled with proper maintenance, The Parkton presents an exceptional investment opportunity with minimal capital expenditures required.

Surging Cobb County Submarket

  • Since 2020, market rate apartments in Cobb County have seen total rent growth of over 18% while maintaining an average occupancy in the low to mid 90s%.

Limited New Competition

  • As one of the premier assets in Mableton, The Parkton faces minimal new competition with only one conventional multifamily project in lease-up within a 3-mile radius.

299c Tax Freeze

  • The Parkton has a 299c Tax Freeze through 2025, allowing for investors to realize improved cash flow early on while the taxable amount remains constant for the next two years.


The Parkton 4_Property for Sale
The Parkton 4_Property for Sale

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Last updated
Apr 19, 2024