Dynamic Cobb County Location with Proven Value Add Upside
One Mile to Truist Braves Baseball Stadium and The Battery Atlanta
The Property:Positioned in the most attractive market in the southeast, 23Thirty Cobb is a 1986-built garden style apartment community. This 222-unit B+ institutional quality asset is located in Atlanta’s Platinum Triangle/Galleria submarket and is anchored by the I-75/I-285 interchange. East Cobb is one of Atlanta’s fastest growing and most accessible employment centers. 23Thirty Cobb has outperformed since the onset of the pandemic, achieving substantial income growth and excellent collections.
Thriving Location: Atlanta’s economic growth makes it the powerhouse of the Southeast. Strong demand alongside limited apartment supply created minimal vacancy and fueled above-average rent growth. 23Thirty Cobb is a short driving distance from The Galleria Office Park and major employers including Home Depot’s corporate HQ, General Electric, Manhattan Associates’ HQ and Comcast’s regional HQ. Atlanta’s $5.1 billion in public and private investments is driving housing and employment growth.
The area within 1-mile radius of the property boasts $900K+ average home value and $130K+ average household income. The Atlanta metro area has the 5th largest population in the U.S. with 5.9 million residents and remains one of the most attractive markets for investment in the Southeast.
Outstanding Performance: Despite the pandemic, 23Thirty Cobb’s performance has been extremely impressive — occupancy averaged 95% during interior renovations, and currently stands at 97%.
This 506(c) deal and open to accredited investors only.