7200 Premier Ln
Austell, GA 30168

Premier Apartments | 280-Units | Cobb County, GA | Submarket Rent Growth of 8.1% | Recent Capital Infusion Nearing Stabilization • The property is located in desirable Cobb County. Over the last year, the South Cobb County/Douglasville submarket has seen annualized rental rates improve by 8.1% and annualized revenue change by 10%, which is the highest rent change and annualized revenue change in all of Metro Atlanta. • Rent comparables support an additional $165-$220 in rent premiums through the continued renovations of the remaining 120 units which have not been fully upgraded. • Significant loss to lease upside can yield an additional $260,000+ in revenue by rolling through the rent roll at today's rental rates. • Collection figures have improved steadily since renovations began and occupancy is up to 85% on total units and 92% on available units • A recent multimillion capital infusion of allows a new investor to benefit from new windows and French doors throughout the entire property, full renovations to 160 units, landscaping and site improvements, and a steady improving occupancy. • Attractive architecture with pitched roofs, exterior breezeways, patio/balconies for each unit, and floorplans that average over 1,000 SF. • The property has 16 offline units and will drastically improve revenue when brought back to the rental pool. Eight of these units are down due to a fire and are currently under renovations. These units are expected to be rent ready by April 2019. • Proximate to new UPS "Smart Hub" which opened in Oct 2018, adding 3,000 full and part-time jobs.