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Multifamily

Overlook Crossing

1600 Buena Vista Rd, Columbus, GA 31906

Listing Price: $12,300,000

Cap Rate
6.32%
Number of Units
164
Price/Unit
$75,000
Price/Gross SF
$92.71
Gross SF
132,668

Investment Overview

Marcus and Millichap’s Atlanta Multifamily Team is pleased to present Overlook Crossing, a 164-unit apartment community located 90 miles southwest of Atlanta in Columbus, GA. The asset is situated in the Midtown Columbus submarket within walking distance from Aflac’s corporate headquarters and with close proximity to Piedmont Columbus Regional Medical Center allowing young professionals a centrally located place to live in the city of Columbus, Georgia’s second most populated city.

Investment Highlights

  • Stabilized Asset Offering Multiple Channels of Upside Opportunity in unit and amenity finishes. Property units currently offer two different levels of finish, both with room for additional updates.
  • Underserved Multfamily Market: limited new deliveries, a nearly empty pipeline and few existing well-maintained communities.
  • Columbus, GA is located 90 miles southwest of Atlanta on the Georgia-Alabama border. It is home to several financial and tech-based firms, manufacturers, and a growing healthcare industry.

Exclusively Listed By

Listing Price: $12,300,000

Cap Rate
6.32%
Number of Units
164
Price/Unit
$75,000
Price/Gross SF
$92.71
Gross SF
132,668

Investment Highlights

  • Stabilized Asset Offering Multiple Channels of Upside Opportunity in unit and amenity finishes. Property units currently offer two different levels of finish, both with room for additional updates.
  • Underserved Multfamily Market: limited new deliveries, a nearly empty pipeline and few existing well-maintained communities.
  • Columbus, GA is located 90 miles southwest of Atlanta on the Georgia-Alabama border. It is home to several financial and tech-based firms, manufacturers, and a growing healthcare industry.

Investment Overview

Marcus and Millichap’s Atlanta Multifamily Team is pleased to present Overlook Crossing, a 164-unit apartment community located 90 miles southwest of Atlanta in Columbus, GA. The asset is situated in the Midtown Columbus submarket within walking distance from Aflac’s corporate headquarters and with close proximity to Piedmont Columbus Regional Medical Center allowing young professionals a centrally located place to live in the city of Columbus, Georgia’s second most populated city.

Exclusively Listed By

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